Tetra Bio-Pharma Files New Drug Submission for REDUVO in Canada
Tetra meets another key milestone before the end of the year
OTTAWA, ON / ACCESSWIRE / December 30, 2020 /
Tetra Bio-Pharma Inc. ( Tetra or the Company ) (TSX:TBP)(OTCQB:TBPMF), a leader in cannabinoid-derived drug discovery and development announced today that the New Drug Submission (NDS) for the Dronabinol Soft Gel capsules, has been filed with Health Canada. If successful, it will provide Tetra with its first Drug Identification Number (DIN) for a THC-based prescription drug. The new drug name, REDUVO, is pending approval by Health Canada.
REDUVO will allow Tetra to establish a revenue stream based on a synthetic cannabinoid drug for major markets in Chemotherapy-induced Nausea and Vomiting (CINV). The addressable market is estimated to be $80M CDN by 2022
Tetra Bio-Pharma Files New Drug Submission for REDUVO(TM) in Canada - Press Release
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Tetra Bio-Pharma Files New Drug Submission for REDUVO(TM) in Canada
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Heypur Added to List of Recalled Hand-Sanitizers Due to ‘Unacceptable Medicinal Ingredient’
Health Canada continues to update the list of recalled hand sanitizers that pose potential health risks for consumers.
HeyPur (NPN 80099351), produced by Heyseller Inc., was added to the list of hand sanitizers being recalled from the market on Dec. 11, because it contains an “unacceptable medicinal ingredient, 1-propanol.”
“Frequent use of hand sanitizer containing 1-propanol may cause eye, nose and throat irritation, as well as dry cracking skin, drowsiness and headache,” the agency said in a release.
The COVID-19 pandemic has increased the demand for hand sanitizer, and Health Canada responded by temporarily permitting the use of “technical-grade ethanol in alcohol-based hand sanitizers.”