Wize Pharma Completes Milestone for Joint Enterprise With Cannabics Prescription drugs; Corporations to Develop Cannabinoid Ophthalmic Therapies


HOD HASHARON, IsraelJune 28, 2019 /PRNewswire/ — Wize Pharma, Inc. (OTCQB: WIZP) a clinical-stage biopharmaceutical firm centered on the remedy of ophthalmic issues, introduced as we speak that the Firm and Cannabics Prescription drugs (OTCQB: CNBX) have collectively created and adopted a marketing strategy for his or her three way partnership (JV), a brand new entity centered on the analysis and growth of cannabinoid formulations to deal with ophthalmic circumstances. Creation and approval of a marketing strategy for the JV was a situation for the deliberate enterprise to maneuver ahead.

“We’re more than happy to have collectively created and authorized a plan that can assist our pursuit of a big alternative to create ophthalmic therapies that leverage the therapeutic energy of cannabis. Having assessed the regulatory pathway for eyedrops containing cannabinoids or cannabinoid strings, we’re eagerly partaking in expertise growth and medical development. Cannabics, a world chief within the growth of cannabinoid-based therapies for most cancers, and with a cutting-edge laboratory that has acquired approval from the Israeli Ministry of Well being to conduct analysis with Cannabinoids and Most cancers is a perfect companion for Wize,” acknowledged Wize’s CEO Noam Danenberg.

About Wize

Wize Pharma, Inc. is a clinical-stage biopharmaceutical firm presently centered on the remedy of ophthalmic issues, together with DES. Wize has in-licensed sure rights to buy, market, promote and distribute a system often called LO2A, a drug developed for the remedy of DES, and different ophthalmological sicknesses, together with CCh and Sjögren’s syndrome (Sjögren’s).

LO2A is presently registered and marketed by its inventor in Germany and Switzerland for the remedy of DES, in Hungary for the remedy of DES, CCH and Sjögren’s and in the Netherlandsfor the remedy of DES and Sjögren’s. Wize’s technique includes partaking native or multinational distributors to deal with the distribution of LO2A. Wize has completed a Section II trial of LO2A for sufferers with CCH and is presently conducting a Section IV research for LO2A for DES in sufferers with Sjögren’s.

Ahead Wanting Statements  

Wize cautions you that statements on this press launch that aren’t an outline of historic truth are forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by means of phrases referencing future occasions or circumstances comparable to “anticipate,” “intend,” “plan,” “anticipate,” “imagine,” and “will,” amongst others. For instance, once we talk about our market potential, we’re utilizing a forward-looking assertion. As a result of such statements are topic to dangers and uncertainties, precise outcomes could differ materially from these expressed or implied by such forward-looking statements. These forward-looking statements are based mostly upon Wize’s present expectations and contain assumptions that will by no means materialize or could show to be incorrect. Precise outcomes and the timing of occasions may differ materially from these anticipated in such forward-looking statements because of numerous dangers and uncertainties, which embrace, with out limitation, the likelihood that we will be unable to efficiently function our three way partnership with Cannabics Prescription drugs, Inc.; dangers associated to the substantial debt that we now have incurred; our wants for extra financing; our dependence on a single compound, LO2A and on the continuation of our license to commercialize LO2A; our incapability to develop our rights below our license of LO2A; the initiation, timing, progress and outcomes of our trials and product candidate growth efforts; our capability to advance LO2A into medical trials or to efficiently full our preclinical research or medical trials; our receipt of regulatory approvals for LO2A, and the timing of different regulatory filings and approvals; the medical growth, commercialization and market acceptance of LO2A; our capability to determine and preserve company collaborations; the implementation of our enterprise mannequin and strategic plans for our enterprise and product candidates; the scope of safety we’re capable of set up and preserve for mental property rights overlaying LO2A and our capability to function our enterprise with out infringing the mental property rights of others; estimates of our bills, future revenues, and capital necessities; aggressive firms, applied sciences and our trade; and statements as to the impression of the political and safety scenario in Israel on our enterprise. Extra detailed details about the dangers and uncertainties affecting Wize is contained below the heading “Threat Components” included in Wize’s Annual Report on Type 10-Okay filed with the SEC on April 1, 2019, and in different filings that Wize has made and will make with the SEC sooner or later. You’re cautioned to not place undue reliance on forward-looking statements, which converse solely as of the date on which they had been made. Wize doesn’t undertake any obligation to replace such statements to replicate occasions that happen or circumstances that exist after the date on which they had been made, besides as could also be required by regulation.

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