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Proactive Investors China - The web's leading portal for China stocks - MGC Pharmaceuticals' "historic" March quarter highlighted by LSE listing and record sales


2021-04-27
by Proactive Australia
MGC Pharmaceuticals Ltd (ASX:MXC)(LON:MXC)(OTCMKTS:MGCLF)(FRA:H5O) has completed arguably its best-ever quarter, with a London Stock Exchange (LSE) listing and record sales highlighting a busy period.
The European-based biopharma company, developing and producing phytocannabinoid-derived medicines, released its March quarterly report this morning.
It also gained Ethics Committee approval for a Phase III trial to evaluate the efficacy and safety of its COVID-19 drug, CimetrA
TM, expanded its pre-clinical brain cancer study and locked in additional funding.
Break-even on the horizon
MGC CEO Roby Zomer told investors the company was now ready to capitalise on years of hard work.

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