Medlab receives ‘largest’ cannabis oil shipment for trial

Company News

by Jessica Amir

A leading cannabis company, Aphria, has sent its largest ever cannabis oil export shipment to Medlab Australia (ASX:MDC).

The shipment is part of Medlab’s medical cannabis human trials, to reduce advanced cancer pain.

The Canadian company produces and supplies the high-yield cannabis extracts for Medlab, to test the management of intractable pain oncology patients.

Intractable pain is severe, constant pain not curable, and it’s the first kind of trial to be conducted in the world, according to both companies.  Patient recruitment is currently underway.

Shares in Medlab (ASX:MDC) are trading 4.17 per cent higher at $0.50. 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.