A Randomized, Double-blind, Placebo-controlled Phase III Clinical Study Evaluating the Efficacy and Safety of CBD TPM Capsules in Adults for Use in the Reduction of Insomnia Severity
Latest Information Update: 08 Mar 2025
At a glance
- Drugs Cannabidiol (Primary)
- Indications Insomnia
- Focus Registrational; Therapeutic Use
- Sponsors Avecho Biotechnology
- 03 Mar 2025 According to an Avecho Biotechnology media release, the company announced it has signed an exclusive ten-year development and licensing agreement with Sandoz Group AG for the commercial rights to Avecho's Phase III cannabidiol capsule for insomnia in Australia. Sandoz has agreed to an upfront licensing fee of US$3M (approx. A$4.8M[1]) for the exclusive commercial rights to the CBD product for insomnia in Australia. company will continue to fund and oversee the ongoing Phase III trial.
- 14 Mar 2024 According to an Avecho Biotechnology media release, the company expects to commence recruitment for the Phase III trial this month, with a total of five sites to be used for the study, located in Melbourne, Sydney, Central Coast, Brisbane and Perth.
- 14 Mar 2024 According to an Avecho Biotechnology media release, the company has recently completed a meeting with the Australian Therapeutic Goods Administration (TGA), where the Company presented its final Phase III clinical trial design and planned submission strategy.The TGA has not recommended any changes to the trial design and submission strategy and the program will commence as planned.