MediPharm Labs Achieves Pharmaceutical GMP Certification with Brazilian Health Authority
- MediPharm Labs is the first pharmaceutical cannabis company in North America to receive a GMP certificate from ANVISA, strengthening its position in the Brazilian medical cannabis market.
- The Brazilian medical cannabis market is expected to reach $380 million CAD in 2025, providing a significant commercial opportunity for MediPharm Labs.
- The company's GMP certification allows it to manufacture both API and end products for medical cannabis patients in Brazil, as well as facilitates entry into additional global markets.
- MediPharm Labs has a strong track record of global regulatory achievements, including US FDA, Australian TGA, European Union pharmaceutical GMP, and Canadian pharmaceutical GMP authorizations.
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- MediPharm Labs is the first purpose-built pharmaceutical cannabis company in
North America to receive a GMP certificate from the Brazilian Health Regulatory Agency (ANVISA), for production of cannabis finished goods. - This strengthens MediPharm Labs' position in
Brazil to manufacture both API and end products for Brazilian medical cannabis patients. Brazil , with a population of 215M, has seen tremendous growth in medical cannabis patients with a480% increase in prescriptions in 2022.
This ANVISA GMP certification inspection is the first of its kind for a purpose-built cannabis facility in
The Brazilian medical cannabis market is expected to reach
MediPharm Labs currently manufactures two medical cannabis products with full ANVISA product authorization under
In addition to existing Brazilian customers, the Company entered into a supply agreement with a top-tier generic pharmaceutical company in
The five-day in-person inspection, completed in December 2023, was initiated in relation to MediPharm's current medical cannabis product authorizations through its Brazilian customer base. A product authorization was only possible based on the Company's Health Canada pharmaceutical Drug Establishment License, product-specific GMP validation and various long-term stability studies.
The inspection focused on MediPharm's quality management system and manufacturing capabilities for finished goods in relation to ANVISA GMP regulations, which have an international pharmaceutical industry reputation of strict compliance. Following the inspection, MediPharm was presented with observations. MediPharm responded in writing to all observations via a voluntary corrective action plan. Our Brazilian clients and ANVISA accepted these actions, resulting in a compliant GMP status.
"This GMP certification from
Founded in 2015, MediPharm Labs specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API) and advanced derivative products utilizing a Good Manufacturing Practices certified facility with ISO standard-built clean rooms. MediPharm Labs has invested in an expert, research driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities for delivery of pure, trusted and precision-dosed cannabis products for its customers. MediPharm Labs develops, formulates, processes, packages and distributes cannabis and advanced cannabinoid-based products to domestic and international medical markets.
In 2021, MediPharm Labs received a Pharmaceutical Drug Establishment License from Health Canada, becoming the only company in
In 2023, MediPharm acquired VIVO Cannabis Inc. which expanded MediPharm's reach to medical patients in
The Company carries out its operations in compliance with all applicable laws in the countries in which it operates.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, MediPharm's access to and unique position in the international medical markets, future revenue growth in
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SOURCE MediPharm Labs Inc.
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