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PhytoTech Medical Limited and MMJ Bioscience on Track for Revenues in July

Submitted by Marijuana News on Tue, 06/02/2015 - 14:47

Perth, May 28, 2015 AEST (ABN Newswire) - PhytoTech Medical Limited (ASX:PYL) ("PYL" or the "Company") is pleased to announce that production of MMJ Bioscience Limited's ("MMJ") proprietary, Good Manufacturing Practice ("GMP") produced cannabidiol ("CBD") capsules commenced in Switzerland on 25 May 2015.

Highlights:

- Production of MMJ's GMP-produced CBD food supplement capsules commenced 25 May 2015 - Capsules to be branded and sold as SativolTM

- SativolTM will be the first product launched by Satipharm (an MMJ subsidiary) under exclusive development alliance with Swiss partners Ai Fame gmbH and Gelpell AG

- Highly concentrated formulation derived from superior extraction processes, which result in pharmaceutical-grade quality ingredients

- Proprietary delivery technology, competitive pricing and sustainable supply to lead to strong demand in the E.U.

- Roll out of SativolTM is on schedule and expected to be available for distribution in late June 2015

- Project...

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Australia

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URL: 
http://www.abnnewswire.net/press/en/80047/PhytoTech_Medical_Limited_(ASX:PYL)_and_MMJ_Bioscience_on_Track_for_Revenues_in_July.html

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