Oxford Cannabinoid Technologies Holdings PLC - Oxford, England-based pharmaceutical firm developing prescription cannabinoid medicines - Announces that Chief Executive John Lucas has decided to step down from his role "in order to pursue other business interests."

Current Chief Operating Officer Clarissa Sowemimo-Coker will take over as CEO on an interim basis while the company completes its phase one clinical trials for its lead OCT461201 programme. This is due to begin in January, with results expected early in the second quarter of 2023. OCT461201 is being tested for both neuropathic and visceral pain.

Current stock price: 0.59 pence

12-month change: down 79%

By Heather Rydings, Alliance News senior economics reporter

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