Connect with us

Business

Medipharm Labs Corp (OTCMKTS: MEDIF) Partners WithMcmaster University To Manufacture Drugs Containing Cannabis Candidates

Published

on

Medipharm Labs Corp (OTCMKTS: MEDIF) has spoken about its newly-formed partnership with McMaster University. The two parties want to engage in the development of drugs that contain cannabis candidates. This company has, over the years, operated as a manufacturer of cannabis API and derivative products.

The essence of the new collaboration

MediPharm Labs have a lot to gain from the new partnership, according to analysts. For example, it is an excellent opportunity to collaborate with McMaster University’s massive and diversified roster of clinicians. According to the analysts, such collaboration is what it takes to achieve massive cannabis research and drug development success. 

The terms of the deal

The terms of the deal provide the various responsibilities MediPharm Labs will be tasked with moving forward. For instance. MediPharm Labs will sign a separate Statement of Work with every single clinician group. It is a rather transformative period as MediPharm Labs considers how it will take advantage of its Cannabis Drug Licence to ensure the delivery of top-notch clinical trial material that will guarantee patients Good Manufacturing Practice (GMP). It will also be about meeting the various pharmaceutical quality standards and the conformity to investigative protocol. Seeking out regulatory approval also happens to be a part of the plan in the latest deal. 

The President and Interim CEO of MediPharm Labs, Keith Strachan, opines, “As a pharmaceutical company specialized in cannabis, MediPharm Labs is excited to participate in the development of drugs containing cannabis. This will further our initiative to fulfill the global need for pharmaceutically approved drugs containing cannabis.”

Strachan believes that it is such a great honor for them to get the opportunity to collaborate with an outstanding partner like McMaster University. He is quick to refer to it as a global leader in medical cannabis research. He looks forward to great times ahead as they prepare to make special announcements regarding specific projects under the Agreement.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

FEATURED STORIES

Business20 hours ago

The Green Organic Dutchman Holdings (OTC: TGODF) Releases an Update on its Canadian Securities Exchange Listing

Post Views: 4 The Green Organic Dutchman Holdings (OTC: TGODF) is a top producer of organically-grown, premium certified marijuana, and it...

Business20 hours ago

Next Green Wave Holdings Inc (OTCMKTS: NXGWF) Announces the Resignation of One of Its Directors

Post Views: 55 Next Green Wave Holdings Inc (OTCMKTS: NXGWF) recently announced that a Director had resigned from this position. The...

Business21 hours ago

AFC Gamma Inc (NASDAQ: AFCG) Increases Quarterly Dividend by 13.2% per Share, and the Group Expands its Senior Secured Credit Facility with Devi Holdings, Inc. by $30 Million

Post Views: 26 AFC Gamma Inc (NASDAQ: AFCG) recently announced a dividend for the quarter ending September 30, 2021. The...

Business21 hours ago

TerrAscend Corp (OTCMKTS: TRSSF) Acquisition of Gage Cannabis Receives Pre-Qualification Approval

Post Views: 53 TerrAscend Corp (OTCMKTS: TRSSF) is a leading cannabis operator based in North America that recently announced it had...

Business2 days ago

Jushi Holdings Inc (OTCMKTS: JUSHF) Opens 15th Store in Pennsylvania, Acquires Nature’s Remedy, and Announced Launch of Flower Brands

Post Views: 2 Jushi Holdings Inc (OTCMKTS: JUSHF), through its subsidiary, Franklin Bioscience – SE LLC. BEYOND / HELLO™ Colwyn...

Business2 days ago

FinCanna Capital Corp (OTCMKTS: FNNZF) Set to launch its “Big Fish” Cannabis-Based Edibles Brand

Post Views: 3 FinCanna Capital Corp (OTCMKTS: FNNZF) is an investment corporation for the United States licensed cannabis market that recently...