Rapid Dose Therapeutics Receives Funding for Scale-Up Manufacturing and Commercialization of Quickstrip™ Product
February 04 2020 - 7:15AM
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
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