Investee Company Update: EMMAC Life Sciences

RNS Number : 8347N

FastForward Innovations Limited

26 May 2020

 

FastForward Innovations Ltd / AIM: FFWD / Sector: Closed End Investments

26 May 2020

FastForward Innovations Ltd ("FastForward" or, "FFWD")

Investee Company Update: EMMAC Life Sciences

FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to note the following announcement released today concerning investee company EMMAC Life Sciences ('EMMAC'). FastForward has a 2.3% interest in the issued stock of EMMAC.

The announcement is set out below without material changes or adjustments.

EMMAC Life Sciences Group ('EMMAC' or the 'Group')

EMMAC to manufacture product for COVID-19 clinical trial

Medalchemy, part of Consortium led by University of Valencia, to investigate T12 molecule as treatment for Coronavirus

26 May 2020, London. EMMAC Life Sciences Group, Europe's leading independent cannabis company, is pleased to announce that Medalchemy, the Group's GMP certified manufacturing site in Alicante, Spain, will manufacture product for a clinical trial as part of a Consortium led by the University of Valencia. The clinical trial in COVID-19 patients will use the T12 molecule to prevent disease progression towards Adult Respiratory Distress Syndrome ('ARDS'), which is believed to be the leading cause of death in COVID-19 patients. The T12 molecule targets Goodpasture antigen-binding protein ('GPBP'), an extracellular protein kinase overexpressed in the lung, of COVID-19 patients, which is suspected to enlarge alveolar septum causing poor blood oxygenation in ARDS induced by other pathogens.

With over a decade of experience in the research, development and manufacture of active pharmaceutical ingredients (APIs), Medalchemy is EMMAC's research and development facility in Spain, one of its two GMP-Certified laboratories, in addition to Rokshaw Laboratories, in the UK.

Antonio Costanzo, CEO of EMMAC, said: "We are very pleased that through Medalchemy, our GMP-Certified laboratory in Spain, that we are able to support this urgent initiative. During these unprecedented times it is important Medalchemy is able to offer its wealth of expertise and facilities to support such vitally important advancements for us all."

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About EMMAC Life Sciences Group

EMMAC Life Sciences Group is Europe's leading independent cannabis company, bringing together pioneering science and research with cutting-edge cultivation, extraction and production. With a unique supply and distribution network throughout Europe, EMMAC's vision is to bring the life-enhancing potential of cannabis to the people who need it.

CAUTIONARY STATEMENT

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of EMMAC Life Sciences Group. There can be no assurance that such statements will prove to be accurate, achievable or recognisable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. EMMAC Life Sciences Group assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

ENDS

For further information on the Company please visit www.fstfwd.co   or contact:

Ed McDermott / Lance de Jersey	FastForward Innovations Ltd	Email: [e-mail]
James Biddle / Roland Cornish	Beaumont Cornish Limited, Nomad	Tel: [phone]
Jeremy King	Optiva Securities Limited, Broker	Tel: [phone]
Isabel De Salis / Beth Melluish	St Brides Partners Ltd, Financial PR	Tel: [phone]

Notes

FastForward Innovations is an AIM quoted investment company focused primarily on disruptive high growth life sciences and technology businesses particularly within the medical cannabis arena. The Company's strategy is to identify early stage opportunities that have an upcoming investment catalyst and grow its portfolio in terms of value whilst limiting the number of investee companies to a level where relevant time can be devoted to each.

 

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