MGC Pharmaceuticals Enters Partnership with Sciensus Rare for Distribution of Cannabinoids to Treat Refractory Epilepsy, Dementia and Alzheimer's in the EU and UK

Author: MGC Pharmaceuticals Ltd / 2023-07-24 00:16 / Source: MGC Pharmaceuticals Ltd

MGC Pharmaceuticals Enters Partnership with Sciensus Rare for Distribution of Cannabinoids to Treat Refractory Epilepsy, Dementia and Alzheimer's in the EU and UK

$MGC Pharmaceuticals Enters Partnership with Sciensus Rare for Distribution of Cannabinoids to Treat Refractory Epilepsy, Dementia and Alzheimer's in the EU and UK$

LONDON,April 5,2022 --MGC Pharmaceuticals Ltd. (LSE: MXC,ASX: MXC,OTC:MGCLF),a European based bio-pharma company specializing in the production and development of phytomedicines,has signed an exclusive distribution agreement with Sciensus Rare,a part of UK health care group,Sciensus,for the distribution of CannEpil® and CogniCann® in key European territories and the UK.

The agreement is for the distribution in key European territories and the UK for CannEpil®,used to treat Drug Resistant Epilepsy,and CogniCann®,used to treat patients with Dementia and Alzheimer's disease.

Sciensus Rare is an international pharmaceutical company based in the Netherlands,specializing in the provision of rare disease medicines through decentralised clinical trials and medical early access programs,with over 30-year of experience in providing health care services,and expanding medical access for products in Western Europe.

Under the terms of the distribution agreement,Sciensus Rare has been appointed the exclusive distributor of CannEpil® and CogniCann® in Denmark,France,Italy,Spain,Luxembourg,and the United Kingdom,some of the most advanced pharmaceutical markets in the world,for an initial 4-year term. After the initial 12 months of the agreement,Sciensus Rare will be subject to minimum purchase order requirements to maintain its exclusive distributor status. The Parties have agreed that MGC Pharma will continue to be responsible for seeking Market Authorization in these territories,while Sciensus Rare will be responsible for applications to Early Access Programmes and Named Patient Programmes.

Roby Zomer,Managing Director and CEO of MGC Pharma,commented:

"Sciensus Rare is an excellent pharmaceutical service company,with the experience and expertise necessary to increase clinical access for both CannEpil® and CogniCann® to those patients who are most in need.

This is another important step in widening patient access to our pharmaceutical products,and puts in place a long term plan to build the distribution networks required in Western Europe,one of the most important pharmaceutical markets in the world."

Gareth Williams,President of Sciensus Rare,commented:

"We are extremely pleased to be working in partnership with MGC Pharmaceuticals within the exciting global medical cannabis market and look forward to supporting clinicians with access to both CannEpil® and CogniCann®."

About CannEpil®

CannEpil® is a phytocannabinoid derived Investigational Medicinal Product designed to treat Drug Resistant Epilepsy with a high CBD,low THC formula,and was made available for distribution and prescription in Ireland in 2019 as part of the Ireland's Medical Cannabis Access Programme. A research report prepared by Alacrita,a life sciences consulting company,suggested potential market in the agreement territories of 150,000 adults and children suffering from refractory epilepsy1.

About CogniCann®

CogniCann® is a phytocannabinoid derived Investigational Medicinal Product designed to treat patients with Dementia and Alzheimer's disease,and is undergoing a Phase II clinical trial at the University of Notre Dame in Perth,Western Australia,which has been designed to evaluate the potential behavioural benefits of CogniCann® on patients suffering from these ailments.

About MGC Pharma

MGC Pharmaceuticals Ltd (LSE: MXC,OTC: MGCLF) is a European based bio-pharma company developing and supplying affordable standardized phytomedicines to patients globally. The Company's founders were key figures in the global medical cannabis industry and the core business strategy is to develop and supply high quality phytocannabinoid derived medicines for the growing demand in the medical markets in Europe,North America and Australasia. MGC Pharma has a robust product offering targeting two widespread medical conditions – Epilepsy and Dementia – and has further products in the development pipeline.

Employing its 'Nature to Medicine' strategy,MGC Pharma has partnered with renowned institutions and academia to optimize cultivation and the development of targeted phytocannabinoid derived medicines products prior to production in the Company's EU-GMP Certified manufacturing facility.

Recent research highlights the positive impact of using specific phytocannabinoid formulations developed by MGC Pharma in the treatment of glioblastoma,the most aggressive and so far therapeutically resistant primary brain tumour.

MGC Pharma has a growing patient base in Australia,the UK,Brazil and Ireland and has a global distribution footprint via an extensive network of commercial partners meaning that it is poised to supply the global market.

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https://mgcpharma.com.au

About Sciensus Rare

Science International B.V. trading as Sciensus Rare,is the dedicated and enhanced rare disease medicines service business within the Sciensus group of companies,the largest speciality pharmacy provider in Europe,of complex medication management in a home environment.

Sciensus Rare is a speciality pharmacy focused on rare diseases,providing turnkey services for emerging and medium-sized biotech organizations,achieving market access for their products in Europe and beyond. Sciensus Rare offers five main services; decentralized clinical trials,medicines access,tailored supply chain management,patient and family support and outcome monitoring.

www.sciensusrare.com

For further information please contact:

MGC Pharmaceuticals Ltd

Roby Zomer

David Lim

CEO & Managing Director

Company Secretary

+61 8 6382 3390

info@mgcpharma.com.au

UK Broker – Turner Pope

UK PR Advisors – Tavistock

Andy Thacker / James Pope