Emyria and Cann Group to partner on medicine CBD product registration

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Emyria (ASX:EMD) and Cann Group (ASX:CAN) have announced a collaboration agreement under which they will seek accelerated registration of a low-dose cannabidiol (CBD) only capsule with the TGA.

The companies said the aim is to secure a Schedule 3 medicine would result in an over-the-counter, pharmacist-only CBD medicine. 

Under the agreement, Emyria’s EMD-003 drug development program will use Cann Group’s Gelpell microsphere technology as the basis for seeking a Schedule 3 registration for treating unmet needs in mental health.

The companies said a joint project committee will be formed to oversee the allocation of registration costs and the development of commercialisation agreements. 

Cann Group recently acquired the rights to the technology via the purchase of the Satipharm group of companies that has commercialised a CBD product utilising the technology. Cann Group plans to incorporate manufacturing of the microsphere formulation in its new production facility currently under construction near Mildura. 

According to Emyria’s managing director Dr Michael Winlo, “This partnership greatly accelerates Emyria’s EMD-003 drug development program by combining Emyria’s unique clinical data and drug development expertise with Cann Group’s best-in-class CBD delivery technology.

"Satipharm CBD has already completed robust stability testing as well as Phase 1 clinical trials as required by the TGA. This allows us to move straight to pivotal clinical outcomes trials saving significant time and money. An experienced Regulatory Consultant has already been engaged to manage the TGA submission.

Further, at Emyria, we already have deep insights into how the Satipharm product performs clinically, having written over 400 Satipharm prescriptions to more than 170 patients. This de-risks the pivotal clinical outcomes trials required as an important first step towards registration with the TGA.”