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Bod Australia (ASX:BDA) sees 106pc leap in monthly MediCabilis prescriptions

Health Care
ASX:BDA
18 November 2020 05:00 (AEDT)
Bod Australia (ASX:BDA) - CEO, Jo Patterson

Source: InvestorStream

Bod Australia (BDA) has announced it filled 755 MediCabilis prescriptions during the month of October.

The medicinal cannabis product is being prescribed for a variety of conditions and Bod now has a 57 per cent share in the Australian CBD market.

October prescription volumes outline a 106 per cent increase on the average monthly prescription volumes since July 2019.

Bod has now filled 4400 prescriptions since January this year, which marks a 124 per cent increase on last year’s total volumes of 1959 prescriptions.

“It is pleasing to see the continued growth and support for our medical cannabis product, MediCabilis,” CEO Jo Patterson said.

A further testament to Bod’s presence in the highly-competitive CBD market is that repeat prescriptions for October accounted for 60 per cent of the month’s total prescriptions. This shows that patients and physicians are satisfied with the product.

“Strong demand for our MediCabilis product range in Australia will continue to add to our growing revenue profile and we are confident that sales will continue to increase. I look forward to updating shareholders on sales achievements across the coming months,” Jo concluded.

Bod ended the day 4.08 per cent in the green to close for 51 cents.

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