On 8th October’14, BrilliantPennyStocks.com initiated coverage on ETST. The stock moved up by 78.79% since the coverage was initiated.
Earlier this month biotechnology firm, Earth Science Tech, Inc. (OTCMKTS:ETST) which is into developing neutraceuticals, bioceuticals through its unique R&D approach announced that it has received a positive report from University of Central Oklahoma about its HEMP based Oil.
The background to the report is that Earth Science Tech, Inc. (OTCMKTS:ETST) had entered into a Sponsored Research Agreement with the University of Central Oklahoma. As per the terms of the agreement, the university had conducted clinical trials on a Hemp oil based CBD-Cannabidid derivative developed by Earth Science Tech, Inc. (OTCMKTS:ETST). The trials were conducted by injecting the derivate into animal breast cancer cells. The results were then compared with the effect the derivative had on normal cells.
Earth Science Tech, Inc. (OTCMKTS:ETST) has disclosed that the preliminary results have indicated that the Hemp Oil Enriched with CBD-Cannabidiol dose was able to limitedly stop the further increase in cancer cells. The test results has promoted the drug firm to conclude that further tests would be required to confirm if the derivative would be able to have a similar effect in patients suffering from cancer.
Following the interim results release, Earth Science Tech, Inc. (OTCMKTS:ETST) Chief Executive Officer Harvey Katz Ph.D commented that, “Our unique position working within the Enhanced Industrial Hemp Oil with CBD field and relationship with the University has already made significant strides on how the Hemp Oil with CBD works. This is just the beginning”. The CEO then went on to add that the University findings are just a precursor to a more in depth and intense research. He opined that new research will determine the full potential of the HEMP oil based products use as medical cures to ailments suffered by human beings.
Earth Science Tech, Inc. (OTCMKTS:ETST) has commenced testing hemp oil on immune cells .
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