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Botanix Pharmaceuticals Limited

Drug Names(s): BTX1308, BTX 1308

Description: BTX1308 contains cannabidiol as an active ingredient. BTX1308 has anti-inflammatory and anti-bacterial properties and reduces keratinocyte proliferation.

Deal Structure: In March 2013, Bone Medical announced it has signed an agreement to acquire Botanix Pharmaceuticals, Inc. In June 2016, Bone Medical announced that the Prospectus Offer for the acquisition of Botanix Pharmaceuticals has closed and a shareholder meeting was held where existing shareholders approved the acquisition of Botanix Pharmaceuticals, including the resolution to change the name of the company to Botanix Pharmaceuticals Limited.

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