logo-loader
viewInnoCan Pharma

InnoCan Pharma demonstrates safety and skin tolerance of its CBD skin products

The pharmaceutical tech group has developed several lines of skin cosmetic products

InnoCan Pharma -
InnoCan's contract manufacturer for the products Fancystage is in an advanced production stage

InnoCan Pharma Corporation (CSE:INNO) revealed Friday that it was in advanced negotiations with distributors in Switzerland, Germany, the UK, Hong Kong and the United States as the company announced positive findings from the first dermal clinical study of Relief & Go and Shir product lines.

The pharmaceutical tech group has developed several lines of skin cosmetic products containing a blend of highly concentrated ingredients formulated with CBD. It said it is eyeing first samples shipments in July this year.

READ: InnoCan Pharma inks deal securing CBD for its coronavirus treatment collaboration with Tel Aviv University and other R&D projects

"The double blinded randomized controlled study assessed the tolerance degree of the company's CBD Topicals products and demonstrated the products to be non-irritating to the skin," the firm said in a statement.

InnoCan's contract manufacturer for these products Fancystage is in an advanced production stage with InnoCan's first derma cosmetic products launch, it added.

"This clinical investigation was performed in accordance with the respective Clinical Investigation Plan (CIP) and was consistent with the main principles of ICH GCP, Helsinki declaration. The results of this study demonstrated the safety and skin tolerance of the InnoCan's CBD Derma Cosmetic Line of products," said Nir Avram, Innocan's chief technology officer (CTO).

"We've developed our products through our leading cannabinoid research labs in Israel," said Iris Bincovich, co-founder and CEO of InnoCan Pharma.

"We believe that our approach to manufacturing high quality products in a state-of-the-art facility that has all the necessary certifications will open us up to a multi billion EURO market."

Shares in Toronto advanced over 14% to C$0.16 each.

---Updates for share price---

Contact the author at [email protected]

Quick facts: InnoCan Pharma

Price: 0.22 CAD

CSE:INNO
Market: CSE
Market Cap: $31.65 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of InnoCan Pharma named herein, including the promotion by the Company of InnoCan Pharma in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Innocan Pharma launches Derma CBD line in Europe

Innocan Pharma (CSE: INNO) CEO Iris Bincovich joined Steve Darling from Proactive with news the company has launched their CBD derma line. Bincovich discusses where it is being made and the first areas of the world it is being rolled out to. Bincovich also told gave Proactive an update...

on 06/08/2020

2 min read