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Stock impact report

IGC Pharma Reports Third Quarter Fiscal 2024 Results

IGC Pharma, Inc. (IGC) 
NASDAQ:AMEX Investor Relations: igcinc.us/investor-center/overview
Company Research Source: Business Wire
POTOMAC, Md.--(BUSINESS WIRE)--IGC Pharma, Inc. (“IGC” or the “Company”) (NYSE American: IGC) today announced its financial results for the third fiscal quarter of 2024 ended December 31, 2023 (Q3 FY 2024).Q3 FY2024 HighlightsOn October 18, 2023, the European Patent Office (“EPO”) issued a patent (#3193862) to the Company titled “Cannabinoid Composition and Method for Treating Pain”. The patent introduces a method for treating pain in humans. Utilizing a cream base infused with a unique blend of cannabinoids, including THC and CBD, alongside other compounds, this revolutionary cream, or gel is designed for transdermal absorption.On October 25, 2023, the Divisional Direction of Patents, Mexico, issued a patent (MX/a/2020/010284) for the Company’s treatment of Alzheimer’s disease titled "Method and Composition for Treating CNS Disorder." IGC is optimistic that the success in Mexico can pave the way for additional patent approvals in the U.S. and Europe. This patent is very important Show less Read more
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