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Ilera Healthcare deal is 'one piece of the puzzle' for Zelda Therapeutics in 'globalising product'

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 agreements that Zelda has in place with international partners, and more such deals are set to be announced this year.

Hopkins  explains, "We've got access to in excess of 110,000 registered medicinal cannabis patients at the moment, which is in excess of 30 times larger than the whole Australian market; so this is our approach to globalising our product... Putting in that framework that allows us to rapidly commercialise the outcomes from our clinical trials."

Quick facts: Zelda Therapeutics Ltd

Price: 0.069 AUD

ASX:ZLD
Market: ASX
Market Cap: $52.36 m
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Zelda Therapeutics poised to 'value add all the way from clinical trials to...

Dr Richard Hopkins, the newly appointed managing director of Zelda Therapeutics Ltd (ASX:ZLD) (OTCQB:ZLDAF), talks Proactive Investors through the medical cannabis researcher's recent strategic review, and provides updates on the company's three current clinical trials. In its efforts to...

on 12/02/2018

2 min read