Business
CTT Pharmaceuticals provides Corporate Update
CTT Pharmaceuticals provides Corporate Update.
About this update from Ctt Pharmaceutical Holdings, Inc.
[{"type":"text","content":"\n\n\n\nCTT Pharmaceuticals provides Corporate Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCTT Pharmaceuticals provides Corporate Update\nPR Newswire\nHAMILTON, ON, Dec 23, 2019\n\n\n\nRobust sales of Aurora Dissolve Strips validate unique product characteristics\nWork underway to expand product offering for medical and recreational markets\n HAMILTON, ON, Dec 23, 2019 /PRNewswire/ - CTT Pharmaceutical Holdings, Inc., (the \"Company\" or \"CTT\") (OTC: CTTH), an innovative life sciences company with a portfolio of IP in novel drug delivery systems, today provides an update on the successful commercial introduction of its sublingual strips with Aurora Cannabis and intentions for product portfolio expansion.\nOn October 6, 2019, Aurora Cannabis Inc. (\"Aurora\") commenced sales of its Dissolve Strips, developed in collaboration with CTT, to the Canadian medical market. The Dissolve Strips are a novel sublingual cannabinoid delivery technology that neither requires combustion nor inhalation, and has been proven to deliver rapid cannabinoid uptake and increased bioavailability; The first production run has now completely sold out, and the products have received strong positive feedback from patients. The Company anticipates that Aurora will recommence supply of the Dissolve Strips to the medical market early in the new year, with production runs supporting consistent product availability for the medical market; Based on the successful market introduction, CTT and Aurora are in the process of developing additional SKUs, including CBD infused strips and THC:CBD balanced strips for the medical and consumer markets; Launch of Dissolve Strips for the consumer markets is anticipated for March 2020\"We are very pleased with the robust sales of the Dissolve Strips to date,\" stated Cam Birge, CEO. \"Aurora's substantial share of the Canadian medical market ensures significant exposure and market reach for our products. We will continue our work with Aurora to develop new products for both the medical and recreational markets in Canada, as ...