Pharmaceutical company MediPharm Labs Corp. LABS MEDIF MLZ has obtained Health Canada’s Drug Establishment Licence.
The permit, which is in accordance with the Food and Drugs Act and Regulations, will be utilized to confirm compliance with Good Manufacturing Practice standards.
It will allow the Barrie, Ontario-based company to conduct pharmaceutical manufacturing, testing, and sale of active pharmaceutical ingredients and pharmaceutical drug products that contain cannabis.
MediPharm said that DEL is “a first of its kind license” to produce cannabis issued in North America. In addition, it also allows the extraction of the cannabis plant and will enable the production of all cannabinoids, including MediPharm Labs GMP CBD isolate, which is >98% pure.
Apart from this permit, the company also holds the Australian TGA GMP certification.
The company noted that the permit allows the shipment of products from Canada to its global so-called business-to-business (B2B) customer base.
Keith Strachan, president and interim CEO of MediPharm Labs, said obtaining the DEL is a “great milestone.”
“This adds to our growing portfolio of advanced regulatory licenses globally. MediPharm Labs now becomes one of a small number of companies who can take cannabis plant material and produce an API or a pharmaceutical drug product that could have marketing authorization by regulatory bodies such as the European Medicines Agency and FDA,” Strachan added.
Earlier this month, MediPharm opted to extend its supply deal with Europe-based medical cannabis company ADREXpharma GmbH for an additional five years after entering into a private label sales agreement for exports to Europe with the German licensed distributor of medical cannabis and controlled drugs in 2019.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.