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MedReleaf and BioPharma Services Inc. announce Strategic Alliance

by | Aug 4, 2020

Exclusive agreement to conduct clinical research to advance the development of MedReleaf’s cannabinoid health and drug products

Toronto, ON May 29­­ – MedReleaf Corp. (TSX:LEAF) (“MedReleaf” or the “Company”) and BioPharma Services Inc. (BioPharma) today announced they have entered into an exclusive agreement to conduct clinical research for cannabis and cannabis derived products. Under the agreement BioPharma will become an extension of MedReleaf’s clinic development team.

BioPharma will provide medical, clinical, pharmacological and lab expertise to expedite MedReleaf’s product strategy to support in-market products as well as products under development for registration in Canadian and international markets.

Biopharma is well positioned to accelerate MedReleaf’s product development and clinical research programs through their international experience in running early phase clinical trials. MedReleaf and Biopharma will jointly provide scientific and regulatory guidance to clinical research studies supporting MedReleaf’s product launches in the months to come.

“This strategic alliance sets us apart in the clinical research and development space for cannabis and cannabis derived products and will facilitate much needed cannabinoid therapies to assist in the treatment of pain, inflammatory conditions, mental health, palliative care and underserved therapeutic areas.” said Angelo Fefekos, Senior Vice President Clinical Affairs and Quality Assurance at MedReleaf.

“We are very proud to work with MedReleaf in support of their cannabinoid natural health and drug strategy. This alliance is a great example of Biopharma’s capabilities as a Phase I industry leader with expertise in CNS, pain and abuse liability.” said Renzo DiCarlo, CEO at Biopharma Services, Inc.

About MedReleaf (TSX.LEAF)

Canada’s most awarded licensed producer, MedReleaf is an R&D-driven company dedicated to innovation, operational excellence and the production of industry leading, top-quality cannabis. Sourced from around the world and carefully cultivated in one of two state-of-the-art ICH-GMP and ISO 9001 certified facilities in Ontario, with a third facility currently in development, a full range of premium MedReleaf products are delivered to the global medical market. We serve the therapeutic needs of patients seeking safe, consistent and effective medical cannabis and provide a compelling product offering for the adult-use recreational market.

For more information on MedReleaf, its products, research and how the company is helping patients #livefree, please visit MedReleaf.com or follow @medreleaf

About BioPharma Services Inc.

BioPharma Services Inc. is a full­service Contract Research Organization (CRO) specializing in the conduct of Phase I/IIa and Bioequivalence clinical trials for international pharmaceutical companies worldwide. BioPharma has clinical facilities both in the USA and Canada with a total capacity of 300 beds with access to healthy volunteers and special populations. Headquartered in Toronto, Canada, BioPharma’s comprehensive services also include Bioanalysis at our GLP Certified Laboratory, Scientific and Regulatory Affairs, Biostatistics and Safety Data Analysis (CDISC), Medical Writing and Data Management.

Main Telephone:  +1 844 747 8484
Email: info@biopharmaservices.com
Website:  www.biopharmaservices.com

Contact Information: 
Denise Riposati, Corporate Communications, driposati@medreleaf.com, 289-317-1000 ext. 1118
Ms. Anna Taylor, Executive Vice President, Business Development, BioPharma Services, Inc.
ataylor@biopharmaservices.com

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Why do you need to take blood draws and how many blood draws will be required?

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Will I be compensated for doing a clinical study?

Volunteers are compensated and the amount varies depending on the length of the clinical trial, length of stay and number of follow-up visits. The compensation is not specifically related to the risks or type of drug involved in the trials or studies. Every study is different and therefore, the compensation will vary. Study volunteers may receive between $1000 to $4000 for a trial (based on the factors listed above).

Are food and accommodation provided over the course of the trial?

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Accommodation – During your in-clinic stay you will share sleeping areas with other volunteers who are of the same gender.  Similar to a hospital setting, supervision will be provided to ensure that your health and safety are being monitored.

What is the length of a study and do I have to complete all the visits?

Details of the duration of a study can be found on the Volunteer Hub.

What is informed consent and how is it carried out?

Before you decide whether or not to take part in a clinical research study, you will be required to read and understand the information provided in an Informed Consent Form (ICF).  The ICF describes the clinical research study and the nature of the investigational product to be used, including:

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Can I bring my own food?

All aspects of clinical trials are closely monitored including the food and drink consumed by participants. While you are in the clinic, you will be provided with all meals as per the study guidelines. You will need to eat all the food provided to ensure the guidelines are met. Watch video

When do I receive compensation for taking part in a study?

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What COVID-19 precautions are you taking?

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We respect and value the privacy of our volunteers. View our Privacy and Cookie Policy here.