Investment - Oxford Cannabinoid Technologies to list in London 'to further four drug development programs': Proactive

 

20 May 2021

Proactive

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Oxford Cannabinoid Technologies Holdings Ltd's co-founder and executive chairman Neil Mahapatra talks to Proactive London ahead of their London initial public offer on Friday 21st May. 

 

 The firm have raised £16.5mln to develop cannabis-based pain treatments and are expected to reach a valuation on listing of around £51mln. 

 

 With the company focussed on medicines that mimic the painkilling effects of cannabis, it plans to use the funds raised in the IPO to help develop a portfolio of four drug candidates for approval as licensed pain medicines, with the aim of commercializing the company's first drug in 2027.

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Oxford Cannabinoid Technologies is a biopharmaceutical company established to combine cannabinoid medicine with world class scientific research. This ...

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