Botanix Pharmaceuticals raises $40mln to push its CBD-based skin disease treatments through the pipeline
Botanix Pharmaceuticals Limited (ASX:BOT) CEO Matt Callahan tells Proactive Investors the clinical-stage pharma company has raised $40 million.
Callahan says the cash will allow the Sydney, Australia, and Philadelphia, Pennsylvania-based company to accelerate its preclinical and clinical work in bringing its CBD-based skin disease treatments to phase 3. Additionally, these funds will allow the company to bring into the clinic its first application of CBD as a stand-alone antimicrobial.
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/stocktube/14301/botanix-pharmaceuticals-raises-40mln-to-push-its-cbd-based-skin-disease-treatments-through-the-pipeline-14301.html
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