Nanocap medical device company NanoVibronix NAOV announced it's developing cannabidiol patches and cream utilizing a proprietary and nanoparticle-based infusion process.
CBD is one of the naturally occurring cannabinoids found in cannabis. Cannabidiol oil is also called hemp oil, the extract from cannabis plants is also used to relieve pain associated with chronic conditions, such as arthritis.
Need more cannabis news? Check out all of our coverage here.
NanoVibronix produces the PainShield surface acoustic wave (SAW) device. NanoVibronix intends to make the CBD patch, as well as similarly formulated CBD cream available in combination with PainShield as PainShield CBD.
“Combining PainShield with proprietary, nanoparticle-based CBD could provide a powerful alternative to opioids by actually resolving, rather than masking, pain,” said CEO Brian Murphy.
The thinly-traded stock sits around $3.33 per share.
Related Links:
Elixinol Participates In FDA's First CBD Hearing, Says Guidance, Clarity Will Benefit 'Good Players'
Heisman Healer Ricky Williams Talks Wellness In Detroit: 'Cannabis Can Help You Connect To Yourself'
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.