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Zelda Therapeutics "ahead of the pack" in gaining first-mover advantages

Zelda Therapeutics Ltd (ASX:ZLD) executive chairman Harry Karelis updates Proactive Investors on the company’s global operations, following a January dual listing on the OTCQB Venture Market in the United States (OTCQB: ZLDAF).

“We have a two-pronged strategy. One is the clinical trials where we know there is some kind of effect, whether that's autism or pain or insomnia, so that's our clinical arm; and our pre-clinical arm is really spending money with some of the world's best researchers in studying cannabis as an anti-cancer agent… if we can replicate in the lab some of these anti-cancer effects then we believe that adds quite a lot of value for shareholders in Zelda in terms of then partnering with a traditional bio-pharmaceutical company... the data that we're generating and the intellectual property that we're developing is of value to those big bio-pharmaceutical companies that are geared up financially and otherwise for running these big complex trials," says Karelis.

Quick facts: Zelira Therapeutics Ltd.

Price: 0.056 AUD

ASX:ZLD
Market: ASX
Market Cap: $42.5 m
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Zelda Therapeutics Ltd (ASX:ZLD, OTCBB:ZLDAF) managing director Dr Richard Hopkins speaks to Proactive Investors about the medical cannabis researcher's binding heads of agreement (HoA) with US-based medicinal cannabis company Ilera Healthcare LLC. The deal complements a number of...

on 03/12/2019

2 min read