Avicanna's CBD Derma-Cosmetics To Reach European Union Market Via Bio-Gate Partnership

Avicanna Inc. AVCNF AVCN 0NN has expanded its R&D collaboration with Bio-Gate AG with a 5-year exclusive distribution agreement for Pura H&W branded CBD derma-cosmetics.

Avicanna and Bio-Gate are expanding their existing research collaboration with the commercial distribution of Avicanna’s evidence-based derma-cosmetic line Pura H&W into the European market.

The initial focus of the launch is the German-speaking regions of the continent including Germany, Austria and Switzerland where Bio-Gate has an established distribution network of pharmacies and retail channels.

In addition, Bio-Gate has the right to select 3 additional European countries for exclusive distribution within the first 12 months of the agreement.

“We are very pleased to launch the Pura H&W product line from Avicanna, a leader in the cannabidiol market, in the European market. We are convinced that the Pura product line is an ideal extension to our product portfolio for our dermatology division. We are looking forward to a successful cooperation,” stated Marc Lloret-Grau, CEO of Bio-Gate AG.

The derma-cosmetic products are registered at the cosmetic products notification portal which allows them to be commercialized over the counter as cosmetic products in every jurisdiction within the European Union.

Three cosmetic clinical studies were completed on Avicanna’s Pura H&W formulations targeting cosmetic factors associated with aging, acne-prone skin, and eczema-prone skin. The successfully completed studies involved 156 patients that were tested for safety and specific derma-cosmetic endpoints, including hydration and excess oil production. All three studies achieved positive results in the endpoints with no adverse effects.

Aras Azadian CEO of Avicanna, will be one of the many amazing speakers at the Benzinga Cannabis Capital Conference in Miami. There’s still time to sign up for the event that will host many top names in the cannabis industry. Click here for more info.

Related News

Avicanna Closes $2M Non-Brokered Private Placement

Tetra Bio-Pharma & Avicanna Enter Into Strategic Partnership

Avicanna Provides Q4-2021 Results And Fiscal 2022 Guidance
 

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsPenny StocksEurozoneSuccess StoriesStartupsSmall BusinessMarketsAras AzadianBio-Gate AGMarc Lloret-Grau
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!


Loading...