VANCOUVER, Dec. 29, 2017 /CNW/ - Phivida Holdings Inc. ("Phivida" - "C.VIDA" - "US.PHVAF") is pleased to report that Phivida Organics Inc., a wholly owned US operating subsidiary of Phivida, has entered into a product formulation and wholesale supply agreement with Artelo Biosciences, Inc. ("Artelo", OTCBB: ARTL). The purpose of this supply and formulation agreement is to provide pharmaceutical grade cannabidiol (CBD) isolate for research at a prestigious University based in the United Kingdom, sponsored by Artelo.
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The Artelo supply agreement names Phivida as a qualified and preferred supplier for cGMP certified active pharmaceutical ingredient (API) grade hemp oil derived CBD isolate for Artelo funded studies. Key terms include mandatory prequalification testing of every batch and lot, verified by a third-party ISO/IEC 17025 certified and cannabinoid testing accredited laboratory using cutting edge High-Performance Liquid Chromatography (HPLC) analysis technology. Each batch and lot test must produce a Certificate of Analysis (COA) which thoroughly validates product quality (i.e. phytocannabinoids potency and terpenes profile) and safety (i.e. microbiological, residual solvents, pesticides and heavy metal analysis) characteristics.
In addition to pharmaceutical grade isolates, Phivida provides access to a range of premium CBD bulk products derived from certified organic hemp. As a mandatory internal QA/QC standard, Phivida hemp derived products processed at cGMP certified processing facilities using cutting edge super critical Co2 extraction processing technologies. Beyond isolates, wholesale products include; hot and cold filtered full spectrum CBD Hemp Oil with a rich profile of phytocannabinoids and terpenes (while maintaining <0.3% THC), as well as its flagship nanoencapsulated Hemp Oil extracts and isolates, for enhanced delivery and uptake potential as well as water solubility (used in Phivida branded clinical and consumer beverage products).
"Artelo places a premium on quality, compliance, consistency and reliability. When we looked for potential suppliers, we were delighted Phivida had already implemented key professional production and testing standards which were critical to Artelo when identifying a partner as an API supplier," stated Gregory Gorgas, Chief Executive Officer of Artelo.
Phivida President and CEO, John Belfontaine stated; "Phivida is pleased to provide access to API grade CBD for Artelo's sponsored research initiatives. Phivida management actively supports the scientific research of the safety and efficacy of phytocannabinoids on a wide range of diseases and medical conditions. We value our long term strategic relationships with biopharmaceutical companies like Artelo, and look forward to future opportunities to promote research on cannabinoid pharmacology, participate as a key contributor of API grade CBD, and meaningfully contribute to generating evidence of its potential to improve human health".