MGC Derma launches new CBD-infused skincare product

By Zoe Gross. Published at May 10, 2018, in ASX Biotechs

MGC Pharmaceutical's (ASX:MXC) Derma division today launched a new skincare product in its Derma Plus collection — the CBD Herbal Replenish Cream, which is specifically developed for external skincare and relief from inflammatory skin conditions.

This latest piece of news follows on from the successful January launch of the CBD Herbal Repair Cream, which is formulated to treat dry, sensitive and flaky skin.

MGC Derma expects to launch a third Derma Plus product, the CBD Herbal Balm for oily and acne-prone skin, later this year.

Products in the Derma Plus range are dermatologically tested, research backed, and designed to improve the skin’s natural defence and to stimulate skin functions and regeneration. These products have been formulated with propriety CBD compounds extracted from the cannabis plant, produced by the MGC Botanic division. These products are available to MGC Derma’s base of global customers, and are for sale in regions where CBD-based products are permitted.

Encouragingly, an independent dermatological study in Europe last year found that these compounds deliver strong improvements across a range of skin conditions, including dry skin (71 per cent improvement), flaking skin (65 per cent improvement), and itching skin (86 per cent improvement).

With these kinds of positive testing results, 92 per cent of patients said they would continue using the cream.

Of course, as always, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

Co-founder, executive director and CEO, Roby Zomer, said that he was proud of the progress of MXC’s MGC Derma cosmetics subsidiary.

“MGC Derma Plus is a premium range designed to support the capacity for skin repair and prevent skin problems,” Zomer said. “The newest product will be a valuable addition to the range supporting our brand and increasing our presence within the CBD infused skincare space.”

MXC cbd herbal cream

This latest development comes hot on the heels of a recent string of good news from MXC. In April, the company unveiled its contract with the Maltese government to construct a state-of-the-art medical cannabis production and cultivation facility spanning 4,000 square metres. This makes MXC one of only five companies — and the only company in Australia — to be awarded a full medical cannabis production and cultivation contract.

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