Avecho Biotechnology Limited (AU:AVE) has released an update.
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.
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