Khiron Adds Another Clinic Location in Peru

Rhea-AI Summary

Khiron Life Sciences Corp. has partnered with Clínica del Dolor Lima to expand access to medical cannabis for over 10,000 chronic pain patients in Lima, Peru. This new clinic is part of Khiron's strategy to grow its Zerenia™ brand and increase its presence in the Latin American market, where Peru accounted for 5% of total unit sales in 2021. The partnership aims to leverage CDL's expertise in pain management, following a successful clinic launch in Lima where 80% of consultations led to cannabis prescriptions. This expansion reflects Khiron's commitment to offering diverse treatment options and enhancing patient access.

Positive

• Partnership with Clinica del Dolor Lima expected to enhance patient access to medical cannabis.
• New clinic increases Khiron's global total to 16, expanding its operational footprint.
• Over 80% of consultations at the first Lima clinic resulted in cannabis prescriptions, indicating strong demand.
• Khiron's products are now available in various drugstores across Peru, improving access.

Negative

• None.

Khiron partners with specialized pain clinic, Clínica del Dolor Lima ("CDL") to provide medical cannabis treatment access to its over 10,000 chronic pain patient population

TORONTO, Feb. 17, 2022 /PRNewswire/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC), a global medical cannabis leader with core operations in Latin America and Europe, is pleased to announce the opening of another Zerenia™ location in Peru in partnership with the renowned pain clinic, CDL.

Khiron in Peru

• This addition collectively brings the Company's total clinic count to 16 globally, which includes presence in Colombia, Peru and the United Kingdom
• Peru represented 5% of the total Latin America unit sales in 2021
• In the second half of 2021, the Company opened its first Zerenia™ clinic in Lima, in partnership with Clínica Montesur. Since opening the clinic, over 80% of the consults resulted in cannabis prescriptions
• In August 2021, Khiron obtained registration of its first two medical cannabis products in Peru, available for sale nationwide in late Q4 2021

The partnership with CDL
As a specialized pain clinic, CDL already has pain management specialists and a patient base exclusively related to chronic and acute pain. Starting February 2022, Khiron will be leveraging the CDL's existing infrastructure and reputation to provide access to cannabinoid-based treatments to a growing group of patients in Lima and surrounding areas. 

Alvaro Torres, Khiron CEO and Director, commented, "In 2021, Peru represented around 5% of our total volume sales in Latin America, and now with our new partnership with CDL we believe we can increase our sales cost-effectively by expanding Zerenia™ in Peru. In our first clinic in Peru, over 80% of total consultations resulted in medical cannabis prescriptions, further validating our unique, evidence and service-driven strategy. By establishing a new pain-focused partnership with CDL in Lima, we plan to grow beyond our current capacity and offer different treatment alternatives to more than 10,000 patients annually. Khiron recently began placing its registered products in various drugstore channels across Peru, improving the ease of access to patients who are prescribed medical cannabis in the country, and generating further growth. I am very excited about this partnership as it also allows us to explore different business models for the expansion of Zerenia™ across the region and we look forward to generating higher growth in the Peruvian market with a population of over 32 million people."

About Khiron Life Sciences Corp.
Khiron is a leading global medical cannabis company with core operations in Latin America and Europe. Leveraging wholly-owned medical health clinics and proprietary telemedicine platforms, Khiron combines a patient-oriented approach, physician education programs, scientific expertise, product innovation, and focus on creating accessto drive prescriptions and brand loyalty with patients worldwide. The Company has a sales presence in Colombia, Peru, Germany, UK, and Brazil and is positioned to commence sales in Mexico. The Company is led by Co-founder and Chief Executive Officer, Alvaro Torres, together with an experienced and diverse executive team and Board of Directors.

Visit Khiron online at investors.khiron.ca
Linkedin https://www.linkedin.com/company/khiron-life-sciences-corp/

Cautionary Notes

Forward-Looking Statements

This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Khiron undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of Khiron, its securities, or financial or operating results (as applicable). Although Khiron believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statement has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond Khiron's control, including the risk factors discussed in Khiron's Annual Information Form which is available on Khiron's SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and is made as of the date hereof. Khiron disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

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SOURCE Khiron Life Sciences Corp.

FAQ

What is the recent development for Khiron in Peru?

Khiron has partnered with Clínica del Dolor Lima to open a new medical cannabis clinic, increasing access for chronic pain patients.

How many clinics does Khiron operate globally?

With the new addition in Peru, Khiron now operates a total of 16 clinics worldwide.

What percentage did Peru represent in Khiron's 2021 sales?

In 2021, Peru accounted for approximately 5% of Khiron's total unit sales in Latin America.

What is the expected impact of the partnership with CDL?

The partnership is expected to increase Khiron's sales and allow access to cannabinoid-based treatments for over 10,000 patients annually.

What are the consultation results at Khiron's clinic in Lima?

Since opening, over 80% of consultations at the Lima clinic have resulted in medical cannabis prescriptions.