Avecho Biotechnology Limited (ASX:AVE) is an Australian biotech company focused on enhancing drug absorption through its proprietary TPM (Tocopheryl Phosphate Mixture).
AVE is currently focusing its efforts on a CBD (Cannabidiol) soft-gel capsule for treating insomnia and is presently undergoing a pivotal Phase III clinical trial of the drug with the potential to be the first over-the-counter (OTC) CBD sleep aid approved by Australia’s Therapeutic Goods Administration (TGA).
On 2 March 2026, AVE announced that it had completed the much-anticipated recruitment of ~210 patients required for interim analysis of the Phase III trial with results anticipated in June 2026.
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