Brains Bioceutical Corp Successfully Obtains Home Office Schedule 1 Controlled Drug License
Brains Bioceutical Corp., One of the rare few EU-GMP Certified CBD API producers in the UK awarded a Schedule 1 Controlled Drug Licence by the UK Home Office, maintaining our industry leading advantage for Cannabinoid based medicines
VANCOUVER, BC / ACCESSWIRE / December 17, 2020 / Brains Bioceutical Corp. ("Brains") a global leader and manufacturer of pharmaceutical, wellness and veterinary cannabidiol (CBD) Active Pharmaceutical Ingredient (API), is proud to announce its landmark accomplishment of being granted a Schedule 1 Controlled Drug License, which is inclusive of THC, from the United Kingdom Home Office. Concurrently, Brains has begun initial development of its new additional facility for CBD API production and R&D activities associated with other cannabinoids.
This rare license propels Brains to the forefront of the industry as the Company will now be allowed to handle and process products containing THC. This permits Brains to expand additional input sources and continue to supply CBD API for pharmaceutical activities and clinical trials worldwide. It also allows the company to meet the growing medicinal needs of patients in the UK, and internationally.
"The Brains Senior Management team, led by our Global Chief Operating Officer Dean Billington, continues to aggressively and effectively achieve key milestones in a hyper-growth market across the globe," said Ricky Brar, Chairman & CEO of Brains. "Our global reach through partners like Prati Donaduzzi, McKesson, and Tamar Tech allows us to bring unmatched capacity of EUGMP-certified CBD API to the global market in pharma, wellness and veterinary sectors. We have initiated the development of other plant-based Cannabinoid API's and THC (Tetrahydrocannabinol) API will be our next offering to the market." The Schedule 1 Drug License from the UK Home Office has been issued to BSPG Laboratories, Brains' wholly-owned subsidiary. BSPG Laboratories operates an EU-GMP certified API production facility, maintaining the highest pharmaceutical standards while focusing on leading scientific and innovative manufacturing processes. At BSPG's laboratory in Sandwich, Kent, THC bench trials for THC API are already underway.
"This is an important milestone as we continue to expand our operations to meet the growing demand for high-quality, cannabinoid API products across the globe," said Dean Billington, Global Chief Operating Officer of Brains. "We're exceptionally proud of the BSPG team's efforts in achieving the Schedule 1 License and look forward to accelerating our growth as the global demand for CBD API continues to grow. "
Brains is one of a few companies in the world producing CBD as an API for pharmaceutical applications, research and development, and clinical trials. Advancements made by Brains in the development of pure, natural CBD benefit the scientific and health care community on a global level. With a MHRA-registered facility, Brains is amongst a small number of global pharmaceutical companies recognized by official authorities that protect and improve public health while supporting innovation through scientific research and development. All activities undertaken in the UK are in accordance with UK law and subject to routine, periodic inspection by the UK authorities.
The global demand for plant-based, EU-GMP-certified cannabinoid API's continues to sore across the globe as a result of pharmaceutical companies conducting clinical trials to advance the reach of phyto cannabinoid-based medicines, including a phase III clinical trial in Brazil using Brains CBD API in partnership with one of South Americas largest pharmaceutical companies.
About Brains Bioceutical Corp
Brains Bioceutical Corp is a leader in EU-GMP-certified production of naturally sourced active pharmaceutical ingredients (APIs) for the pharmaceutical and nutraceutical industries. Brains Bioceutical is one of the only natural plant-based cannabinoid active pharmaceutical ingredient (API) manufacturers in commercial production today and is involved in academic and clinical trials across the globe.
Brains Bioceutical Corp. Senior Management Team is made up of a rare hybrid of pharmaceutical and consumer goods executives-having held C-suite and other senior positions with companies such as GW Pharma, Merck, Danone, Earthbound Farms, International Herbs, Cascadia Specialties and The Royal Navy. Brains' wholly owned subsidiary in the UK, BSPG Laboratories is one of only nine companies that has the commercial capability and EudraGMDP certification to produce CBD API and is only one of four companies worldwide to source a natural plant based cannabidiol. Brains is also currently manufacturing a line of phytocannabinoid THC-free CBD API products.
This news release contains forward looking statements or forward-looking information ("forward-looking statements") within the meaning of securities laws. Often, but not always, forward looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, in this news release 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 are not statements of historical fact and may be forward-looking statements. Risks, uncertainties and other factors involved with forward-looking statements could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, there can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.
SOURCE: Brains Bioceutical Corp.
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