Pilot Study to Investigate a Cannabinoid Derived Drug in Dogs
Tetra Bio-Pharma and Panag Pharma Advance their Veterinary Drug Pipeline
ORLEANS, Ontario, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Tetra Bio-Pharma Inc. (“Tetra” or “TBP”) (TSX VENTURE: TBP) (OTCQB: TBPMF) and Panag Pharma Inc. (“Panag”) today announced the submission of a clinical research application to the Veterinary Drugs Directorate at Health Canada. This first of a kind veterinary study will examine the use of a cannabinoid-based drug to treat ocular pain and inflammation in canines. The pilot study will be led by veterinary ocular care specialists.
“Several companies are marketing cannabis-based treatments for aliments in companion animals, but there is a major gap in understanding the safety and efficacy of these drugs,” said Dr. Guy Chamberland, CEO and CSO of Tetra Bio-Pharma. “This study demonstrates our commitment to becoming a world leader in the field of cannabinoid-based therapies for vision health. Tetra continues to adhere to an evidence-based drug development model, consistent with bringing novel, efficacious and safe drug products to market, including the veterinary market. We look forward to launching this trial to investigate the use of cannabinoids to treat eye pain and inflammation in dogs.”
In addition to the pharmaceutical and natural health products markets, Tetra will also launch trials in the companion animal market. If approved, these products will be destined for global sales. At present, world-wide revenues derived from the companion animal market exceeded $30 billion in 2017, and this is expected to grow to $41 billion by 2024.
About Tetra Bio-PharmaTetra Bio-Pharma (TSX-V: TBP) (OTCQB: TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada approved, and FDA reviewed, clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.
For more information visit: www.tetrabiopharma.com
Source: Tetra Bio-Pharma
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For further information, please contact Tetra Bio-Pharma Inc. Robert Bechard Executive Vice-President Corporate Development and Licensing 514-817-2514 Investors@tetrabiopharma.com Media Contact energi PR Carol Levine Stephanie Engel 514-288-8500 ext. 226 416-425-9143 ext. 209 Carol.email@example.com Stephanie.firstname.lastname@example.org