Tilray® Selected by French National Agency to Supply GMP-Certified Medical Cannabis Products in France
January 26 2021 - 6:00AM
Business Wire
The French National Agency for the Safety of Medicines and
Health Products (ANSM) Selects Tilray for First Medical Cannabis
Experiment with Patients in France
Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis
production, research, cultivation, and distribution, announced that
it has been selected by the French National Agency for the Safety
of Medicines and Health Products (ANSM) to supply Good
Manufacturing Processes (GMP) certified medical cannabis products
for experimentation in France. Tilray will supply GMP-produced
medical cannabis products to serve patients in need for the
duration of the French experiment (18-24 months), due to begin in
the first quarter of 2021.
Tilray products will be administered to qualifying patients in
the French experiment, for whom existing treatments do not provide
sufficient relief from their symptoms, and for therapeutic
indications including:
- Neuropathic pain that is refractory to therapies currently
available (drug or non-drug treatments);
- Certain forms of epilepsy that are drug-resistant;
- In certain persistent symptoms in oncology, related to cancer
or anti-cancer treatment;
- In palliative care situations;
- In the painful spasticity of multiple sclerosis or other
pathologies of the central nervous system.
Tilray has received the necessary regulatory approvals to
participate in the ANSM experimentation in France and will export
medical cannabis products from its GMP-certified facility in
Cantanhede, Portugal.
Brendan Kennedy, Tilray’s Chief Executive Officer, said,
“Today's announcement marks another milestone for Tilray as we
expand operations in Europe. We are proud to be able to offer
access to a variety of high-quality, pharmaceutical-grade medical
cannabis products to the ANSM while supporting patients in need in
France.”
Sascha Mielcarek, Tilray’s General Manager for Europe, said, “We
are pleased to be chosen by the ANSM and fully appreciate the
stakes of this experiment for French patients, and we are
determined to contribute to its success actively. Tilray is once
again establishing itself as a key player with solid expertise in
the service of patient well-being.”
Tilray's E.U. Campus in Portugal is a multi-faceted production
facility that includes research and quality control labs,
packaging, and distribution sites for medical cannabis. It also
serves as a hub supporting Tilray’s clinical research and product
development efforts across Europe. Tilray has established sales and
distribution arrangements to supply medical cannabis through major
pharmaceutical distribution channels throughout Germany and the
E.U., which will serve as a means to allowing patients to access
Tilray's GMP-certified finished medical cannabis.
About Tilray®
Tilray (NASDAQ: TLRY) is a global pioneer in the research,
cultivation, production, and distribution of cannabis and
cannabinoids, currently serving tens of thousands of patients and
consumers in 15 countries spanning five continents.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
Canadian securities laws, or collectively, forward-looking
statements. Forward-looking statements in this press release may be
identified by the use of words such as, "may", "would", "could",
"will", "likely", "expect", "anticipate", "believe, "intend",
"plan", "forecast", "project", "estimate", "outlook" and other
similar expressions. Forward-looking statements are not a guarantee
of future performance and are based upon a number of estimates and
assumptions of management in light of management's experience and
perception of trends, current conditions, and expected
developments, as well as other factors that management believes to
be relevant and reasonable in the circumstances, including
assumptions in respect of current and future European market
conditions, the current and future regulatory environment and
future approvals and permits. Actual results, performance, or
achievement could differ materially from that expressed in, or
implied by, any forward-looking statements in this press release,
and, accordingly, you should not place undue reliance on any such
forward-looking statements, and they are not guarantees of future
results. Please see the heading "Risk Factors" in Tilray's
Quarterly Report on Form 10-Q, which was filed with the Securities
and Exchange Commission on November 9, 2020, for a discussion of
the material risk factors that could cause actual results to differ
materially from the forward-looking information. Tilray does not
undertake to update any forward-looking statements that are
included herein, except in accordance with applicable securities
laws.
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For further information: Media, Tilray Global:
news@tilray.com To request an interview opportunity:
Media Amy Bonwick 647-515-3748
amy@pomppr.com Ranjit Dhatt 647-890-2445 ranjit@pomppr.com
Investors Raphael Gross
203-682-8253 Raphael.Gross@icrinc.com
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