XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), a bioscience accelerator focused on next-generation drug delivery, diagnostic and new active pharmaceutical ingredient investment opportunities, today issued an update as part of its product development, commercialization and revenue growth strategy. The company reported on its three business divisions and wholly owned subsidiaries, which include Vektor Pharma TF GmbH, 3a-diagnostics GmbH and XPhyto Laboratories. According to the update, Vektor Pharma is pursuing a scalable business strategy that focuses on development and commercialization of generic and hybrid-generic drug formulations, which present potential for lower development costs, lower regulatory risk and expedited pathways to market. The company’s 3a-diagnostics subsidiary’s portfolio includes “Covid-ID Lab,” a rapid point-of-care PCR test platform with a CE-mark (“CE-IVD”) approved for sale in Europe, and an oral dissolvable biosensor for ultra-low-cost self-testing, which is currently in product development. Further, XPhyto Laboratories is pursuing a multi-pronged approach to psychedelic medicine including GMP drug synthesis, proprietary drug delivery systems, novel psychedelic analogue engineering, and clinical validation. XPhyto Therapeutics plans to release a complete update and strategy on its psychedelic medicine program in the coming days.
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About XPhyto Therapeutics Corp.
XPhyto Therapeutics is a diversified bioscience accelerator focused on next-generation drug delivery, diagnostic, and new active pharmaceutical ingredient investment opportunities, including: precision transdermal and oral dissolvable drug formulations; rapid, low-cost infectious disease and oral health screening tests; and standardization of emerging active pharmaceutical ingredients for neurological applications, including psychedelic compounds and cannabinoids. The company has research and development operations in North America and Europe, with an operational focus in Germany, and is currently focused on regulatory approval and commercialization of medical products for European markets. For more information, visit the company’s website at www.XPhyto.com.
NOTE TO INVESTORS: The latest news and updates relating to XPHYF are available in the company’s newsroom at https://ibn.fm/XPHYF
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