viewCannPal Animal Therapeutics Ltd

CannPal Animal Therapeutics teams up with University of Melbourne

A cooperative relationship in the field of veterinary science will be established.

two hands shaking with letter MOU in background
The aim is to complete a pilot study targeting epilepsy in dogs in 2019

CannPal Animal Therapeutics Ltd (ASX:CP1) has entered into a memorandum of understanding (MoU) with the University of Melbourne to research an epilepsy treatment for dogs.

Under the MoU, both parties will work on terms to establish a cooperative relationship in the field of veterinary science to complete a pilot study to determine the efficacy of cannabidiol (CBD) treatment for epilepsy in dogs in 2019.

The MoU builds on CannPal’s current research pipeline which includes the phase Ib study for CPAT-01, a pain control in dogs, and its extension CPAT-01C for cats.

READ:  CannPal Animal Therapeutics receives approval to advance clinical studies

CannPal's managing director Layton Mills said: “This MoU with the University of Melbourne is the latest in a long line of strategic agreements CannPal has entered, to establish the company as a global leader in cannabinoid-derived therapeutics for companion animals.

“It’s further validation of the high-quality research we are undertaking and we look forward to working with the University on this project.”

Cannabidiol has a number of reported health benefits

Cannabidiol is a non-psychoactive compound derived from cannabis with a number of reported health benefits which include anxiolytic, anti-inflammatory, antibacterial and antiseizure properties.

In June 2018, the US Food and Drug Administration (FDA) approved Epidiolex (cannabidiol) oral solution for the treatment of seizures associated with two rare and severe forms of epilepsy in human patients of 2 years of age and older.

This is the first FDA-approved drug that contains a purified drug substance derived from marijuana and the Company is hopeful that similar effects using cannabinoids can be seen in dogs with idiopathic epilepsy.

Quick facts: CannPal Animal Therapeutics Ltd

Price: 0.105 AUD

Market: ASX
Market Cap: $9.78 m

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