Neptune Wellness Solutions Inc (NASDAQ:NEPT) is expanding its plant-derived hand sanitizers for people to navigate through the current coronavirus crisis. It developed these innovative hand sanitizers in alliance with International Flavors & Fragrances Inc (NYSE:IFF).
Six new varieties
Neptune’s six flavors in the plant-based and all-natural hand sanitizer line include Orange Hibiscus, Fresh Linen, Garden Mint, Fresh Lemon & Tea Tree, Eucalyptus, and Lavender. The company decided to introduce these innovative hand sanitizers that comprise a mix of aloe vera, essential oils, and fruit extract in July 2020 through Club stores.
The alliance with International Flavors allows the company to quickly develop and deliver hand sanitizers to the retailers because consumers eagerly awaiting high-quality products at this difficult juncture. Neptune will realize revenues from these expanded products in Q2 2021.
Neptune, Michael Cammarata, stated plant-based/ natural products has great future prospects because consumers pay attention to maintaining upbeat health. They intend to use hand sanitizers to get increased protection from bacteria and germs.
The consumers will enjoy a better experience because Neptune’s hand sanitizers come in innovative flavors and blend with aloe vera and essential oils to improve the skin’s health. The company is striving to establish relationships with distributors to improve sales and enhanced revenues.
CEO of International Flavors, Nicolas Mirzayantz, said the company’s alliance with Neptune allows it to showcase its expertise in perfumes and provide fragrances with sustainable and natural ingredients. It provides a better and safe experience for consumers.
Electronic pulse oximeter – Neptune Halo
Neptune is expanding its product line that comprises non-contact air thermometer, Halo Oximeter, and other hand sanitizer products to satisfy the demand in the market.
Neptune Halo works by measuring oxygen saturation levels quickly in your body. Needles are not required for measuring oxygen levels. The product alerts users immediately when the oxygen levels are low and help seek medical attention.
According to an emergency physician, Dr. Richard Levitan, said patients suffering from coronavirus can experience dangerously low oxygen saturation levels. Neptune Halo is helpful for such patients to detect low levels of oxygen saturation and get medical help.
Neptune is in discussions with retailers across the nation and uses D2C to provide its critical health products to the customers quickly to tackle coronavirus.
Australis Capital Inc (OTCMKTS:AUSAF) Amends Certain Terms for the Purchase of Passport Technology Inc.
Australis Capital Inc (OTCMKTS:AUSAF) has been seeking additional means of increasing its revenue and profitability. So when an opportunity became available, the company grabbed it quickly, and the said opportunity was an agreement to acquire Passport Technology Inc.
On June 25, the two signed the deal. They agreed that AUSA would pay $2 million of its shares, Body and Mind Inc., if it achieved over $7 million in revenue in 2021. There will be an additional $2 million shares of AUSA and BaM if over $8 million in revenue is achieved in 2021. Finally, if Passport EBITDA for 2021 would be above $3 million, AUSA would part with 25% of revenue more than $7 million.
Additional terms of contract signings by Passport Technology
Passport Technology provides cash access services to casinos to increase gaming revenue; it uses cash and cashless payment portals such as ACMowl, CashlessValet, CashValet, and POSpod. Since the start of the year, the company has experienced accelerated growth alongside new agreements.
The addition of 16 casinos in British Columbia and Alberta has necessitated the need for amending the terms of the earnout agreed upon on June 25. The company says the new additions are likely to bring $12 million of revenue in 2021 and $4 million of operating income.
The two agree to amend the terms according to CEO of AUSA, Cleve Tzung, who says, “We are pleased with the progress that Passport continues to make in its markets and are happy that Passport is willing to back up its confidence with these amended terms.”
A Sneak Peek into the Newly Agreed Terms of the Earnout
More business sites mean more revenue. Hence AUSA will be required to make payment of $2 million in shares of AUSA and BaM if they achieve over $8.5 million in revenue in 2021. There will be another $2 million in shares of AUSA and BaM for over $9.5 million. The final one would be 25% of revenue over $8.5 million in 2021. This would happen in the event Passport EBITDA for 2021 was to attain anything above $3 million.
Generex Biotechnology Corporation (OTCMKTS:GNBT) Launches A Vaccine Development Effort to Address the Newly Identified Swine Influenza Virus
For the last couple of months, the world has experienced panic and disarray from the outbreak and the rapid spread of coronavirus. However, it is now emerging that there could be an impending threat of a newly identified virus. According to Generex Biotechnology Corporation (OTCMKTS:GNBT), the virus, which killed almost 500,000 people globally in 2009, is similar to swine flu, though with a few changes.
Of particular concern is that the virus is carried by pigs and could become a viral pandemic if not closely monitored. Its high levels of antibodies to the G4 EA H1 influenza virus is a clear indicator that it can infect humans.
The Launch Of Vaccine Development Efforts To Address The Pandemic Threat
According to Prof Kin-Chow Chang, the new virus may not be an immediate problem. However, it should not be ignored because flu viruses are constantly changing. Speaking to BBC Chang noted, “Right now we are distracted with coronavirus and rightly so. But we must not lose sight of potentially dangerous new viruses.”
Meanwhile, NuGenerex Immuno-Oncology is putting together efforts to develop a vaccine, which could help mitigate the spread of the virus. The company’s CEO Joseph Moscato says that through its Ii-Key immune activation technology, they have what it takes to create targeted and highly specific vaccines.
Ii-Key peptide vaccines have previously demonstrated quick and effective responses to viral and cancer antigens without signs of cytokine storm effects in the two trials conducted to date. Thus, it is a perfect fit for inclusion in a pandemic preparedness portfolio. Besides, NGIO has the infrastructure and extensive experience responsiveness to pandemic threats.
We Need To Be Vigilant Even During the COVID-19 Pandemic
COVID-19 pandemic seems to have taken away all the attention to any other health matters. This is according to the World Health Organization, which emphasizes the need for vigilance. Farmed animals, which sometimes act as a source of the pandemic virus, are in constant contact with humans. On the other hand, new pathogens are emerging every day.
WHO further outlines that flu could occur anytime, and as a result, there is frequent review of information on both new and old viruses. The review happens during the influenza vaccine composition meetings held twice a year.
FSD Pharma Inc. (NASDAQ:HUGE) Says Results from Phase 1 Study of Ultramicronized PEA Are Favorable
The world is into panic and disarray due to the COVID-19 crisis, which has claimed both lives and livelihoods. Every economy, including the most powerful, is desperate for a quick turn-around of things. The desperation triggered FSD Pharma Inc. (NASDAQ:HUGE) to join hundreds of pharmaceutical companies focused on developing a possible coronavirus treatment.
The company has completed a Phase 1 study for FSD201and has reported favorable topline results. The study carried out at the Alfred Hospital enrolled 48 healthy adult men and women. Single doses ranging from 600 mg to 2400 mg tablets were administered two times daily in an ascending form and multiple ascending doses ranging from 600 mg to 1200 mg in the form of tablets.
The Topline Results Are a Ground-Breaking Milestone for the Company
The phase 1 results from the ultramicronized palmitoylethanolamide (PEA) study demonstrated that it was safe and tolerable. Even though there were self-limiting side effects, which may not have directly linked to the drug of study, the results did not outline any serious adverse events because no subjects withdrew, and all eligible subjects completed all doses.
“We are delighted to be reporting favorable topline findings … I congratulate our pharmaceutical team, led by Dr. Edward Brennan. This study has also successfully validated the considerable scientific literature published over the years in Europe…,’’ Executive Co-Chairman & CEO, Raza Bokhari, clarified.
FSD Pharma is also making an effort to help address the opioid crisis
The biotech’s focus is to develop a forceful pipeline of FDA-approved synthetic compounds over time, which will meet both long-term and short-term needs of the human body. The compounds should treat diseases of the central nervous system, GI tract, autoimmune disorders of the skin, and the musculoskeletal system.
Meanwhile, through its wholly-owned subsidiary, FV Pharma, a licensed producer of cannabis, FSD Pharma is making every effort to address the opioid crisis. Having been authorized under Canada’s Cannabis Act and Regulations, the company says the development of opioid-sparing prescription drugs is underway. It is currently operating a 25,000 square feet facility in Cobourg, Ontario, where it cultivates cannabis.