leadf
logo-loader
viewMGC Pharmaceuticals Ltd
(
LSE:MXCOTC:MGCLFFRA:H5OASX:MXC
)

MGC Pharmaceuticals says ArtemiC gets green light for EU sales; Indian trial shows efficacy in severe COVID-19 patients

Wednesday's statement brought two significant developments for the ArtemiC product group

MGC Pharmaceuticals Ltd - MGC Pharmaceuticals gets green light for EU sales, Indian trial shows efficacy in severe COVID-19 patients

MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, FRA:H5O, ASX:MXC) said ArtemiC, a proprietary nutraceutical food supplement designed to boost the immune system, was approved for sale in the European Union.

It was granted a certificate of free sale in Germany which the company said opens the door to sales in the EU and other international markets.

The product has been shown to be effective in improving and expediting the clinical recovery of patients with mild Coronavirus (COVID-19). Today, new data from a clinical trial of a related product in India has for the first time shown efficacy in patients with severe COVID-19.

"The issue of a Free Trade Certificate for ArtemiC Rescue and the ArtemiC product line in Germany, is a significant step forward for MGC Pharma as it opens the EU to the marketing and sale of one of the company's leading products,” said managing director Roby Zomer. “This is a major commercial milestone for both MGC Pharma and phytomedicines in general, as this approval serves to validate our clinical agenda, and research and development program."

Zomer added: "The latest observational trial results have expanded the possibilities for the use of ArtemiC and CimetrA and their treatment of patients with severe COVID-19.

“MGC Pharma has always placed the treatment of patients at the heart of everything we do, and these results are very promising signs for those who have been most severely impacted by the disease."

CimetrA, released to the Indian study as ArtemiC, was formulated as a nasal spray and was given to 20 hospitalised patients with severe COVID-19 – including ten who were in need of an oxygen supply – in an observational open label controlled clinical trial, as part of the emergency use registration process in India.

MGC said the trial demonstrated a significant reduction in one of the main inflammatory markers related to COVID-19, C-reactive protein (CRP), which is an acute inflammatory protein that increases up to 1,000-fold at sites of infection or inflammation.

The company noted that CRP is used as one of the main prognostic factors for the clinical deterioration in hospitalised COVID-19 patients.

MGC said the finding was significant and expands the potential use of CimetrA and ArtemiC to treat patients with severe COVID-19, and further supports previous preclinical and clinical findings for patients with moderate COVID-19.

The registration process for the emergency use authorisation in India began earlier this month and is expected to be concluded later this year.

ArtemiC is a proprietary nutraceutical supplement that includes four natural based ingredients - Curcumin, Boswellia serrata, Artemisinin and Vitamin C - and incorporates Swiss PharmaCan (TSX-V:MJN)'s MyCell Enhanced delivery system technology.

Quick facts: MGC Pharmaceuticals Ltd

Follow
LSE:MXC

Price: 3.3 GBX

Market Cap: £78.7 m

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 named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

MGC Pharmaceuticals: Continuous global breakthroughs as progress accelerates

Proactive Research Analyst Ed Stacey presents his analysis on MGC Pharmaceuticals (LON:MXC).  The company recently announced that it has received a UK import permit for CannEpil+, which is MGC’s cannabis-derived therapy for refractory epilepsy, to be used initially on a compassionate access...

4 days, 17 hours ago

3 min read