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

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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 research portfolio.

Click HERE to read the article on The Green Fund.

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

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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 bacteria, including types of staph and strep bacteria, as well as strains that had become resistant to other antibiotic drugs.

Click HERE to read the article on LiveScience.