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MGC Pharmaceutical Ltd said it received the full US$750,00 cash deposit from AMC Holdings Inc under the companies’ three-year US$24mln US supply and distribution deal. The cash deposit is pre-payment on AMC’s recent US$3mln purchase order for CimetrA, MGC’s curcumin and Boswellia compound, which has shown early promise in treating the symptoms of Coronavirus (COVID-19).
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