Neptune, Tetra Bio-Pharma to partner on cannabinoid products

19 Feb 2018

Neptune and Tetra Bio-Pharma have announced that they entered into an agreement for the co-development, commercialization and marketing of purified cannabinoid oil-based products.

Neptune and Tetra Bio-Pharma have announced that they entered into an agreement for the co-development, commercialization and marketing of purified cannabinoid oil-based products to address pain and inflammation relief applications for the natural health products and pet veterinary markets.

"We are excited to partner with Tetra, a biopharmaceutical leader in the development of cannabinoid-based novel drugs and treatments. The products that will be co-developed will be supported by research as well as our unique formulation and delivery system knowledge, which are key components of our mission to deliver differentiated science-based, value-added products," said Jim Hamilton, President and CEO of Neptune.

"We are proud to partner with a company like Neptune. Their know-how in extraction, performed in a state of the art GMP facility, is a great asset to have for the cannabis medicinal/pharma oil market. This combined to Tetra's expertise in the development of products for the prescription drug and pharma retail market, makes this partnership truly one of a kind. Leveraging our complementary expertise in research, regulatory affairs, science, formulation, and delivery forms, we intend to commercialize these new products in preparation of the forthcoming retail cannabis market in Canada, and a RX veterinary North American market," said Bernard Fortier, Chief Executive Officer (CEO) of Tetra.