Business
Why the Botanix (ASX:BOT) share price is flying 6%
Botanix Pharmaceuticals Ltd (ASX: BOT) shares are lifting off today after the company released its quarterly report. At the time of writing, the Botanix share price is trading 6.06% higher at 17.5 cents.
What is driving the Botanix share price?
The Botanix share price is climbing higher today as the cannabinoid company released its quarterly report to the ASX.
In its clinical development sector, Botanix completed a successful meeting with the United States Food and Drug Administration (FDA) regarding clinical studies for its BTX 1801 synthetic cannabidiol product in the US. According to Botanix, the FDA provided feedback on how the company might obtain fast-track designation for the product’s new drug application…
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