Teewinot Announces New Pharmaceutical Subsidiary
TAMPA, Fla., Oct. 9, 2018 /PRNewswire/ -- Today, Teewinot Life Sciences Corp., a global leader in the production of cannabinoid molecules, announces the launch of a new subsidiary, Canalis Pharmaceuticals, which will be led by Dr. Steve Orndorff as CEO.
Canalis is a drug discovery and development company that is using cannabinoids and their NCEs (New Chemical Entities) as small molecule libraries for identifying compounds with human therapeutic activity. The company will be using in silico screening together with biological validation against drug targets to identify molecules with promising pharmacological properties. Canalis will also use medicinal chemistry and advanced drug delivery technologies to optimize promising drug candidates for clinical development. The Teewinot cannabinoid platform provides Canalis with a broad array of rare cannabinoids, prodrugs and other synthetic variants, and the ability to manufacture them at large scale in support of the Canalis clinical development program and eventual sale as prescription drugs.
Canalis has a worldwide exclusive license to the intellectual property of Teewinot Life Sciences for pharmaceutical applications.
Canalis will be announcing its Board of Directors and Scientific Advisory Board in the coming months that will include leaders in drug development from the biotech and pharmaceutical industries.
Dr. Steve Orndorff, a serial entrepreneur, will serve as the company's CEO. Dr. Orndorff has worked for over 30 years in drug development including pharmacogenomic therapies, orphan drugs, microbiome-based adjunctive therapies and novel drug manufacturing processes. Earlier in his career he worked in protein engineering, recombinant protein expression systems, manufacturing process development and scale-up. He holds a BS from Virginia Polytechnic Institute and State University, and a PhD from the University of Maryland. In the past he was Chairman of the Colorado Institute for Drug, Device and Diagnostic Development, Chair and founding member of the Colorado BioScience Association, and President of the Society for Industrial Microbiology and Biotechnology.
"We are pleased to announce the spin out of Canalis Pharmaceuticals to serve the ever growing market demand surrounding cannabinoids," stated Teewinot Chairman, Charlie Brink. "The addition of Dr. Orndorff to our leadership team is creating a clear path for market leadership through the utilization of our proprietary intellectual property."
About Canalis Pharmaceuticals
About Teewinot Life Sciences Corporation
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Teewinot Life Sciences Corporation
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SOURCE Teewinot Life Sciences Corporation