- Canada-based
Willow Biosciences and U.S.-based Noramco are teaming to biosynthetically
produce and market pharmaceutical-grade cannabidiol (CBD)
- The
companies expect to deliver yeast-cultivated CBD as a low-cost, ultra-pure
alternative to cannabis cultivation that avoids large-scale plant waste
from greenhouse processes
- Yeast-grown
pharmaceutical ingredients have long served as fodder for insulin and
other important drugs; the growing interest in cannabis as a therapy is
driving a booming new market
The sea change in societal attitudes about cannabis,
accompanied by the opening of governmental regulatory doors for its use (http://ibn.fm/KDlfq), has
spawned a land rush by corporate interests set on staking out market territory
for business development (http://ibn.fm/8HLQS).
The so-called “green rush” began when chronically ill patients reported that
cannabis properties provided accessible relief for select conditions. Now,
InvestmentPitch Media is reporting in a new video that cannabis industry
newcomer Willow Biosciences Inc. (CSE: WLLW) can deliver high
yields of ultra-pure, low-cost cannabinoids to an evolving market utilizing
proprietary biosynthetic processes.
The video (http://ibn.fm/gRZL3)
highlights a recent joint development agreement between Alberta, Canada-based
Willow Biosciences and Delaware-headquartered Noramco that will build on
Willow’s experience in developing manufacturing processes for active
pharmaceutical ingredients (APIs) that treat conditions such as cancer, pain
and central nervous system disorders, as well as Noramco’s experience in
producing high-quality synthetic cannabinoid APIs for the pharmaceutical and
health care industry.
Under the agreement, Willow will focus on developing
ultra-pure CBD with its pioneering biosynthetic technology, bypassing the costs
and waste associated with plant cultivation for a single cannabinoid by
optimizing yeast cultivation processes, while Noramco will be responsible for
the scale-up, regulatory applications, marketing and distribution of the
companies’ products. Their work has the potential to open new and larger
markets for CBD and related compounds, as well as providing low-cost solutions
to pharmaceutical partners.
“Biosynthesis, in yeast in particular and other processes,
is used for producing insulin (and) artemisinin… There are numerous drugs, for
example, that are in production today because of biosynthesis,” Willow CEO
Trevor Peters said during a May 24 interview with Midas Letter (http://ibn.fm/rvgSE).
“We look at the cannabinoids as an ingredient as opposed to
a cultivation process,” Peters added. “It’s baker’s yeast, essentially, that we
use. It’s no different than brewing beer, with slightly more complicated –
well, much more complicated science that’s involved in actually developing the
yeast strain… I’m not sure what the biomass equivalents would be in a
greenhouse, but I’m sure you’d be talking about hundreds of thousands of square
feet to come up with the same product over a three- to four-month period.”
Noramco Chief Innovation Officer Bill Grubb, the vice
president of global business development, expressed his confidence in Willow’s
ability to deliver scalable CBD strains through the InvestmentPitch video
report.
“The addition of biosynthetic CBD production will augment
Noramco’s ability to work with our existing customers and (give Noramco) the
capacity to address the rapidly increasing market demand for CBD-based APIs and
ingredients from pharmaceutical, nutraceutical, consumer packaged goods,
beverage and other industry sectors,” Grubb stated.
For more information, visit the company’s website at www.WillowBio.com
NOTE TO INVESTORS: The latest news and updates
relating to WLLW are available in the company’s newsroom at http://ibn.fm/WLLW
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Editor@QualityStocks.com
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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