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CannPal Animal Therapeutics managing director buys more shares on-market

A number of board members have purchased shares in the company in 2019 to date.

three empty board seats
The shares were purchased at an average price of 15.5 cents each

CannPal Animal Therapeutics Ltd (ASX:CP1) founder and managing director Layton Mills has purchased 65,000 shares in the company via on-market trades.

The $10,075 parcel of shares increases Mills’ total holding in the company to over 7.57 million shares.

READ: CannPal Animal Therapeutics files new patent application as industry-leading research is recognised

The share purchase from Mills follows purchases from Max Johnston in March, chairman Geoff Starr in February, and Robert Clifford in January this year.

CannPal is a pharmaceutical-focused animal health company researching the benefits of medical cannabis for companion animals such as dogs and cats.

CPAT-01 is the company’s lead drug candidate under development targeting pain and inflammation control in dogs.

Quick facts: CannPal Animal Therapeutics Ltd

Price: 0.105 AUD

ASX:CP1
Market: ASX
Market Cap: $9.78 m
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