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Prepare for Lift-off – Botanix raises $40 million and strengthens leadership team

August 1, 2019 in , /by

Botanix Pharmaceuticals Limited (ASX:BOT)—a clinical stage cannabinoid company—has received firm commitments for a $40 million placement led by specialist US-based biotech investment funds and leading US institutional investors. The $40 million in funding—which was offered at a price of $0.21 per fully paid ordinary share—will be used to support the company’s cannabinoid clinical development and […]

Could CBD Fight Superbugs? Marijuana Compound Shows Promise As an Antibiotic.

June 24, 2019 in , /by

The quest for new antibiotics has led researchers to a surprising candidate: the marijuana compound CBD. A new study finds that CBD, or cannabidiol, is “remarkably effective” at killing bacteria, at least in a test tube, the researchers in the new study said. The results showed that CBD had antibiotic effects against a number of so-called Gram-positive […]