Avecho Biotechnology Limited (AU:AVE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Avecho Biotechnology Limited has launched a Phase III clinical trial for its novel oral CBD TPM-enhanced soft-gel capsule aimed at treating insomnia, marking a significant step towards potentially becoming the first over-the-counter CBD-based insomnia treatment in Australia. The study, which is the largest of its kind, will involve 519 patients across multiple cities, testing nightly doses of CBD over an 8-week period. The trial’s success would enable the company to apply for pharmaceutical registration and capitalize on recent regulatory changes allowing over-the-counter sales of CBD products in Australia.
For further insights into AU:AVE stock, check out TipRanks’ Stock Analysis page.