Rapid Dose Therapeutics Receives Funding for Scale-Up Manufacturing and Commercialization of Quickstrip™ Product
February 04 2020 - 6:15AM
Rapid Dose Therapeutics Corp. (
CSE:
DOSE) (“
RDT” or the
“
Corporation”) (“
RDT” or the
“
Corporation”) is pleased to announce the company
has secured government funding of $400,000 from The National
Research Council of Canada Industrial Research Assistance
(NRC-IRAP), to support a project focused on commercial development
and scale-up manufacturing of cannabis infused QuickStrip™ oral
dissolvable film strips. The funding will help RDT augment
product development as well as enhance its manufacturing competency
while creating new jobs and training skilled technical employees.
“This grant funding award from NRC-IRAP will
help support speed to market for RDT’s QuickStrip™ products and
enable scale production capacity to supply global markets,
demonstrate superior product performance for customers while
strengthening the Company’s IP portfolio,” said Mark Upsdell, CEO
and Founder of RDT. He further added, “We are honoured and grateful
to receive funding support from the Canadian government to help us
advance our business innovation and commercialization
activities.”
About Rapid Dose
Therapeutics
Rapid Dose Therapeutics Corp. is a publicly
traded Canadian life sciences company that provides innovative,
proprietary drug delivery technologies designed to improve outcomes
and quality of lives. RDT offers Quick, Convenient, Precise and
Discreet™ choices to consumers. RDT is focused and committed to
clinical research and product development for the healthcare
manufacturing industry, including nutraceutical, pharmaceutical and
cannabis industries. Within the cannabis sector, RDT provides a
turn-key business solution which enables RDT’s QuickStrip™
proprietary drug delivery technology to be licensed by select
partners. RDT’s service-based annuity contracts drive recurring
revenue which enables rapid expansion into emerging markets —
generating value for consumers and shareholders. RDT is committed
to continually create innovative solutions aimed at multiple
consumer segments and future market needs — including humans,
animals and plants.
For more information, visit:
www.rapiddose.com
For further inquiries please contact:
Kristina SheaSVP, Marketing &
CommunicationsCorporate Secretarykshea@rapid-dose.com(905)
876-8003
Social
MediaRapidDoseTherapeutics.linkedinRapidDoseTherapeutics.twitterRapidDoseTherapeutics.facebookQuickStrip.instagram
Any statements that are contained in this news
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as “may”, “should”, “anticipate”,
“expect”, “potential”, “believe”, “intend”, “will”, “could”, “are
planned to”, “are expected to” or the negative of these terms and
similar expressions. Statements containing forward-looking
information, including, without limitation, in respect of the
changes in officers of the Corporation express, as at the date of
this news release, the plans, estimates, forecasts, projections,
expectations or beliefs of RDT management as to future events or
results and are believed to be reasonable based on information
currently available to RDT management. Forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions;
adverse industry events; the ability to implement its business
strategies; competition; and other risks. Readers are
cautioned that the foregoing list is not exhaustive. There can be
no assurance that statements of forward-looking information,
although considered reasonable by RDT management at the time of
preparation, will prove to be accurate as there can be no assurance
that the plans, intentions or expectations upon which they are
based will occur. Actual results and future events could differ
materially from those anticipated in such forward-looking
statements. Readers should not place undue reliance on
forward-looking statements. Forward-looking statements contained in
this news release are expressly qualified by this cautionary
statement.
The Canadian Securities Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of the content of this news release.
Rapid Dose Therapeutics (CSE:DOSE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Rapid Dose Therapeutics (CSE:DOSE)
Historical Stock Chart
From Nov 2023 to Nov 2024