Moxa, I do believe we're trickling up, and hope
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Posted On: 08/13/2018 12:53:30 PM
Moxa,
I do believe we're trickling up, and hopefully the quarterly which should come this or next week will continue that. The safety trial may add some fuel, but I believe that investors know it's safe, so it's not big news. Patent approval on the other hand is something we fight about with Glow, and even a single patent being fully approved would be news that we could build on substantially. It would be the first proof that we actually own our technology. I believe once we get a single approval, others will follow reasonably rapidly, though every patent we submit may not be approved, time will tell.
I believe patent approval may be followed with partnerships. Once big Pharma knows we hold rights to one or more of our products I believe they'll take a greater interest in products that can truly be sold as drugs as well as OTC, most big Pharmas do have products which are sold OTC as well as by prescription. The difference could be that our products once approved by Govt. agencies will be able to be sold in normal stores, not just cannabis stores, as well as by prescription. Many name drugs are available OTC, but if you get a prescription they're far cheaper as your only responsible for your insurance co-pay, provided you have drug coverage. I believe that big Pharma can see the handwriting on the wall as nation after nation legalize cannabis, it won't be long before they get into the act by either partnering or acquiring those companies that are looking to supply cannabis based drugs.
Gary
I do believe we're trickling up, and hopefully the quarterly which should come this or next week will continue that. The safety trial may add some fuel, but I believe that investors know it's safe, so it's not big news. Patent approval on the other hand is something we fight about with Glow, and even a single patent being fully approved would be news that we could build on substantially. It would be the first proof that we actually own our technology. I believe once we get a single approval, others will follow reasonably rapidly, though every patent we submit may not be approved, time will tell.
I believe patent approval may be followed with partnerships. Once big Pharma knows we hold rights to one or more of our products I believe they'll take a greater interest in products that can truly be sold as drugs as well as OTC, most big Pharmas do have products which are sold OTC as well as by prescription. The difference could be that our products once approved by Govt. agencies will be able to be sold in normal stores, not just cannabis stores, as well as by prescription. Many name drugs are available OTC, but if you get a prescription they're far cheaper as your only responsible for your insurance co-pay, provided you have drug coverage. I believe that big Pharma can see the handwriting on the wall as nation after nation legalize cannabis, it won't be long before they get into the act by either partnering or acquiring those companies that are looking to supply cannabis based drugs.
Gary
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