Saturday, May 31, 2025

Latest

Tetra Bio-Pharma Signs Manufacturing Agreement with Vitiprints

Tetra Bio-Pharma Inc. (TSXV: TBP) has entered into a manufacturing agreement with Vitiprints LLC, which will enable the company to produce its HCC011 and CAUMZ™ products at a commercial scale in order to meet global demand.

As per the agreement, Tetra obtained an exclusive license to commercially produce its HCC011 and CAUMZ™ drug using Vitiprints’s manufacturing technology. As such, the technology will be subject to Good Manufacturing Practices regulations and drug standards. In return for the proprietary manufacturing technology, Tetra will have to make milestones and pay royalties to Vitiprints from the sale of its CAUMZ™ drug.

Production is expected to begin in the spring, and will be based out of a facility in Moncton. Initially, production will begin with a starting target of 2,500 capsules every three days, which will then increase to a second phase of 100,000 capsules per day. However, in order for the second phase to commence, the manufacturing technology will be moved to a larger facility in Montreal.

It is estimated that by Tetra obtaining an exclusive manufacturing license from Vitiprints, the company will experience a Cost of Goods Sold reduction by about 75% for its CAUMZ™ drug.

Vitiprints LLC is a company focused on manufacturing non-food and food products utilizing its proprietary printing technology.

Tetra Bio-Pharma is a Canadian biopharmaceutical company focused on developing cannabinoid treatments and prescription drugs through its approved clinical program.

Tetra Bio-Pharma Inc is currently trading at $0.46 on the TSXV.


Information for this briefing was found via Sedar and Tetra Bio-Pharma Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Tetra Bio-Pharma Subsidiary Conducts Financing for Hemp Energy Drink

Tetra Bio-Pharma (TSXV: TBP) announced this morning that a subsidiary of the firm has obtained...

Monday, November 18, 2019, 08:54:24 AM

Tetra Bio Pharma Strengthens Product Pipeline Via Co-Development Agreement

Tetra Bio Pharma (TSXV: TBP) has strengthened its product pipeline as of this morning, providing...

Thursday, February 27, 2020, 08:53:49 AM

Tetra Bio Pharma Sees Two Products Approved By Health Canada

As The Deep Dive reported on late yesterday afternoon, Tetra Bio Pharma (TSXV: TBP) has...

Friday, January 17, 2020, 09:31:54 AM

Tetra Bio-Pharma Releases Update Regarding its Veterinary Clinical Study

Tetra Bio-Pharma Inc (TSXV: TBP) has released an update regarding its clinical study for the...

Wednesday, January 29, 2020, 08:55:32 AM

Tetra Bio-Pharma Issues Operational Update Regarding COVID-19

Tetra Bio-Pharma Inc (TSXV: TBP) has issued an update regarding the working conditions for its...

Tuesday, March 24, 2020, 08:05:00 AM