Edison Investment Research - OXFORD CANNABINOID TECH HLDGS PLC (OCTP) Oxford Cannabinoid Technologies - A move away from generic pain treatment

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Edison Investment Research

Sean Conroy

Oxford Cannabinoid Technologies - A move away from generic pain treatment

Oxford Cannabinoid Technologies (OCT) is focused on developing cannabinoid medicines for the treatment of pain and other indications. Lead asset OCT461201 is a synthetic, endocannabinoid system-targeting new chemical entity (NCE) being developed for the treatment of neuropathic pain associated with chemotherapy-induced peripheral neuropathy (CIPN) and visceral pain in irritable bowel syndrome (IBS). Preclinical studies have demonstrated positive early signals of efficacy in pain indications and IBS models. Patient enrolment for OCT’s UK Phase I dose-escalation and safety study of OCT461201 in healthy volunteers started in May 2023, and management believes this programme will be Phase II ready in Q3 CY23. OCT has three other active programmes in early stages of development, which involve synthetic phytocannabinoids and cannabinoid derivatives. We value OCT at £26.1m or 2.7p/share.

17/07/2023 1 EN

Underlying

OXFORD CANNABINOID TECH HLDGS PLC

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GB00BMVMRB86 London Stock Exchange United Kingdom

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Sean Conroy

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Oxford Cannabinoid Technologies - A move away from generic pain treatment

Oxford Cannabinoid Technologies - Termination of coverage

Oxford Cannabinoid Technologies - Early signs of revival in clinical activity

Oxford Cannabinoid Technologies - Poised to progress to Phase II pending raise

Accsys Technologies - Upgrading guidance for the full year

Topps Tiles - Market outperformance again in FY24

Nabaltec - Resilience and margin expansion

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