Medlab Clinical has been granted a tax break by AusIndustry for development of its lead non-opioid pain-relief candidate NanaBis, including forthcoming global Phase III trials.

Total expenditure for NanaBis development in Australia and overseas for the three-year period is expected to be around A$27 million and the company said the award will significantly extend its cash runway and overall financial performance.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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