Tetra Bio Pharma confirms submission of two OTC DIN applications
Tetra Natural Health announced that it has submitted two over-the-counter DIN applications to Health Canada. The first application, submitted on November 15th, is for the treatment of hemorrhoids. The second application, submitted today, November 26th, is for the temporary relief of aches and pains of muscles and joints associated with backache, lumbago, strains, bruises, sprains and arthritic or rheumatic pain, pain of tendons and ligaments. Tetra has created this OTC product line containing beta-caryophyllene to bring self-care therapies that act on the CB2 receptor directly to pharmacies and patients. Tetra intends to commercially launch these OTC pain medications in the $19B OTC market.Tetra continues to expect commercial launch in Canada in pharmacy retail outlets in early 2020, and is in commercial agreement discussions with various companies for the sale and distribution of these products. Tetra also plans to launch these products in the United States market in 2020. In preparation for a U.S. launch, Tetra is in discussions with a contract manufacturer to set up the manufacturing and to obtain a National Drug Code number from the U.S. Food and Drug Administration for each drug, which is required for all OTC drugs sold in the U.S.