OWC Pharmaceutical Research Corp (OWCP)

[Traderbx]

Can someone please clarify: people on this board keep saying that psoriasis cream will go to market 3rd quarter this year?

But according to the 10K report by OWCP, they gonna start phase 1 study on psoriasis cream in 2017.... that means phase 2 and phase 3 comes next which will take atleast 3 years for psoriasis cream to gain FDA approval and then go to market?

Listed below is extracted from OWCP 10K:
"The Company finished the development of the topical cream by the end of fourth of 2016, at Emilia Cosmetics labs located in Yerucham, Israel. After the completion of the formulation development, the Company will initiate a phase I study at the Sheba facilities to explore the effect of topical cream on psoriasis. Prior to that we will conduct a safety study on the second quarter of 2017. However, we do not know if our expectations will be fulfilled in a timely manner, if at all, or that the costs of development will exceed our anticipation."