MGC Derma officially launches Derma Plus CBD cream
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
MGC Pharmaceuticals’ (ASX:MXC) Derma division has today officially launched its first Derma Plus product.
This product is the Herbal Repair Cream, which utilises proprietary cannabidiol (CBD) compounds and can be used for the daily relief of mild forms of psoriasis.
As the company announced last year, the Derma Plus range, comprising three products, has been successfully clinically tested at a leading dermatological clinic in Slovenia.
It’s worth noting here that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.
Results from the clinical test program conducted by Dr Rok Devjak, MD PhD, showed that the cream helps to significantly reduce itching, flaking and dryness, as well as to soothe, soften and comfort sensitive skin and reduce the symptoms of dry skin for people with psoriasis.
According to the International Federation of Psoriasis Association, around five per cent of people globally experience one or more forms of psoriasis. In the US alone, the condition affects nearly 7.5 million people, or some two per cent of the population. Around 100,000 new cases are registered and reported every year.
Moreover, independent experts estimate that the global market for psoriasis treatment, which was worth US$7.8 billion in 2015, is expected to surge at a compound annual growth rate (CAGR) of 5.10 per cent during the period from 2016 to 2024, reaching a value of US$12.1 billion by the end of the period.
The Herbal Repair Cream is now available for sale globally through MGC Derma’s website and eCommerce platforms, and throughout the European Union, North America and Australasia.
Two additional Derma Plus products for relieving acne and dermatitis conditions, the Herbal Balm and Herbal Replenish Cream, are also planned for launch early this year.
MGC Derma Division is a 51:49 joint venture between MGC Pharmaceuticals and recognised cosmetic manufacturer Dr M. Burstein Ltd.
MXC, whose share price has seen upward movement this week, is one of several ASX pot stocks to benefit from a rapidly shifting legislative climate.
The newest of these could see Australia aiming to emerge as a leading global supplier of medical marijuana. Once parliament resumes in February this year, regulations preventing the export of medicinal cannabis products will be changed, and include cannabis-based oils, patches, sprays, lozenges and tablets that can help alleviate pain.
This will provide a sizeable boost to Australia’s budding medicinal cannabis market and could in turn see ASX companies like MXC reaching new highs in the not too distant future.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.