Australia's fledgling medicinal cannabis sector has been blazing ahead with research projects in the face of the COVID-19 pandemic and well-known investors are looking for winners | MsEmmaK
Australia's fledgling medicinal cannabis sector has been blazing ahead with research projects in the face of the COVID-19 pandemic and well-known investors are looking for winners.
The nation's cannabis businesses have increasingly been refining their focus over the past year as players look to differentiate themselves amidst a sea of competition, and well known investors are considering strategy and IP protection closely.Last week ASX-listed Zelira Therapeutics, formerly Zelda Therapeutics, scored a new substantial shareholder when billionaire investor Alex Waislitz's Thorney Investment Group upped its stake from 2 per cent to 5.2 per cent.
Incannex is progressing trials for its major research programs and is hopeful of soon being able to show one of its flagship products is effective in protecting the brain against secondary injuries in the days and weeks after a traumatic brain injury or concussion. Aside from concussion treatment, it is looking at applying its cannabinoid products to treat acute respiratory distress and sleep apnoea. Last week the company got approval to launch a sleep trial in partnership with Melbourne's Alfred hospital.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Heavy spring snow falls recorded in parts of New South WalesUp to 40cm of snow is expected to drop around the Central and Southern Tablelands in New South Wales over the weekend.
Read more »
When COVID-19 hit, we asked emerging filmmakers around the country to document their lockdown experiencesIn a moving documentary about the impact of the pandemic, Anna shares her despair after loved ones are diagnosed with COVID-19, Eric discovers how much he will miss his family when they leave and Siena tells how her remote Indigenous community coped.
Read more »
NSW records one new COVID-19 case amid concerns mystery infection could reset QLD 'border clock'NSW has recorded no locally acquired cases of COVID-19 after a mystery new case on Friday ended the state's three-day streak of no community transmission.
Read more »
'Trump landslide' after Americans reject 'horrific' treatment of Coney Barrett: Dean | Sky News AustraliaThe Democrats and the Left in the US will look to “absolutely destroy” President Donald Trump’s Supreme Court nominee Amy Coney Barrett in the exact same way they destroyed Brett Kavanaugh, according to Sky News host James Morrow.\n\nPresident Trump announced Justice Barrett as his nominee to replace deceased former associate justice Ruth Bader Ginsburg after she passed away two weeks ago after a long battle with cancer.\n\nThe President noted the passing of Justice Ruth Bader Ginsburg, describing the former Judge as a “true American legend” and a “legal giant”.\n\nMr Trump went on to introduce Ms Barrett saying, “today it is my honour to nominate one of our nation’s most brilliant and gifted legal minds to the supreme court”.\n\nHowever, people have begun to ramp up the hate rhetoric against Trump’s nominee, specifically focussing on her conservative views, and her family.\n\nJustice Barrett has seven children, two of which were adopted from Haiti sparking some to label her and her husband “white colonisers”.\n\nMr Morrow said the Democrats will “not be able to resist over playing their hand” which will drive middle America into the president’s hands.\n\n“This should be the absolute American Dream. It’s everything that they (the Left) hate, this lovely happy successful interracial family,” he said.\n\n“They are going to try and destroy this woman and middle America is going to look at it and say ‘guys what is your problem’”.\n\nSky News host Rowan Dean said it is going to be a “Trump landslide because the average American looks at this stuff and thinks it’s horrific”.\n\n
Read more »
Man feared dead in Logan house fireThe first floor of the two-storey house collapses in the fire and police and firefighters remain at the scene after fire gutted the house around midnight.
Read more »