Tetra Bio-Pharma Opens New Subsidiary in Australia and Provides Regulatory Update & More News Here

OTTAWA, ON, June 6, 2022 /CNW/ – Tetra Bio-Pharma Inc. (“Tetra” or the “Company”) (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1), a pacesetter in cannabinoid-derived drug discovery and improvement broadcasts the launch of its new wholly owned subsidiary ‘Tetra Bio-Pharma Australia Pty Ltd’ (“TBP-AU”), an Australian-based analysis firm centered on the execution of medical trials in Australia. This represents Tetra’s second international subsidiary and is in line with the Company’s world enlargement technique for QIXLEEF™, and different future drug candidates.

The new subsidiary follows the current announcement of Tetra’s partnership with Cannvalate Pty Ltd for the efficiency of medical trials of Tetra’s drug candidates in Australia. Accordingly, TBP-AU will profit from a 43.5% tax credit score on all cash spent on medical trials in Australia.

“We look forward to working with our strategic partners and building value for our current and future investors. These are very exciting times for us as we continue to drive scientific excellence and deliver on the promise of cannabinoid-derived transformative medicines to improve patient health and quality of life,” stated CEO Dr. Guy Chamberland.

Regulatory Update – REDUVO
™

The Company can be happy announce it has accomplished the Annual Licence Review course of for our Health Canada Drug Establishment Licence (DEL) and meets the regulatory necessities of C.01A.009 of the Food and Drug Regulations to keep up our DEL for the distribution of prescribed drugs, like REDUVO™, in Canada. Any firm that intends to distribute pharmaceutical medication in Canada should receive a DEL as per Health Canada regulatory necessities.

On December 30, 2020, the Company submitted its first New Drug Submission (NDS) for REDUVO™ to Health Canada to acquire a Drug Identification Number (DIN) for the prescription drug. The Company is in discussions with Health Canada to deal with last commentary on the submission. REDUVO™ stays a prime precedence and the Company is able to launch manufacturing actions as quickly as doable following regulatory approval.

About 
REDUVO
™

REDUVO™ is a gentle gel capsule used to deal with chemotherapy-induced nausea and vomiting (CINV) and weight reduction and extreme nausea in folks dwelling with HIV an infection. The lively pharmaceutical ingredient in REDUVO™ is dronabinol, also referred to as THC, an artificial type of the lively pure substance in hashish.

About Tetra Bio-Pharma

Tetra Bio-Pharma (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1) is a pacesetter in cannabinoid-derived drug discovery and improvement with a FDA and a Health Canada cleared medical program aimed toward bringing novel pharmaceuticals and remedies to sufferers and their healthcare suppliers. Their evidence-based scientific strategy has enabled them to develop a pipeline of cannabinoid-based drug merchandise for a variety of medical circumstances, together with ache, irritation, and oncology. With sufferers on the core of what they do, Tetra Bio-Pharma is concentrated on offering rigorous scientific validation and security knowledge required for inclusion into the prevailing biopharma business by regulators, physicians and insurance coverage corporations.

For extra data go to: www.tetrabiopharma.com

Neither the TSX Exchange nor its Regulation Services Provider (as that time period is outlined in the insurance policies of the TSX Exchange) accepts accountability for the adequacy or accuracy of this launch.

Forward-looking statements

Some statements in this launch might include forward-looking data. All statements, aside from of historic truth, that handle actions, occasions or developments that the Company believes, expects or anticipates will or might happen in the longer term (together with, with out limitation, statements concerning potential acquisitions and financings) are forward-looking statements. Forward-looking statements are usually identifiable by use of the phrases “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the unfavorable of those phrases or different variations on these phrases or comparable terminology. Forward-looking statements are topic to a lot of dangers and uncertainties, a lot of that are past the Company’s potential to manage or predict, that will trigger the precise outcomes of the Company to vary materially from these mentioned in the forward-looking statements. Factors that might trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst different issues, with out limitation, the lack of the Company to acquire enough financing to execute the Company’s marketing strategy; competitors; regulation and anticipated and unanticipated prices and delays, the success of the Company’s analysis and improvement methods, together with the success of this product  or every other product, the applicability of the discoveries made therein, the profitable and well timed completion and uncertainties associated to the regulatory course of, the timing of medical trials, the timing and outcomes of regulatory or mental property choices and different dangers disclosed in the Company’s public disclosure document on file with the related securities regulatory authorities. Although the Company has tried to determine essential components that might trigger precise outcomes or occasions to vary materially from these described in forward-looking statements, there could also be different components that trigger outcomes or occasions to not be as anticipated, estimated or supposed. Readers shouldn’t place undue reliance on forward-looking statements. The forward-looking statements included in this information launch are made as of the date of this information launch and the Company doesn’t undertake an obligation to publicly replace such forward-looking statements to mirror new data, subsequent occasions or in any other case until required by relevant securities laws.

SOURCE Tetra Bio-Pharma Inc.

For additional data: please contact Tetra Bio-Pharma Inc.: Tetra Bio-Pharma Inc., Ms. Natalie Leroux, Phone: + 1 (833) 977-7575, Email: [email protected], [email protected]

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