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Teva Israel steps into the ring to begin distributing medical cannabis products

Teva Israel partners with Cannbit-Tikun Olam to distribute medical cannabis products that may provide additional treatment options and respond to unmet medical needs of patients.


By ZACHY HENNESSEY Published: DECEMBER 26, 2021 15:55


https://www.jpost.com/health-and-wellness/article-689805

Teva Israel and Cannbit-Tikun Olam signed an exclusive and mutual collaboration agreement, in which Cannbit-Tikun Olam will produce several medical cannabis products, administered as oils rich in THC and CBD, for Teva Israel. This will be done according to Teva’s instructions and stringent standards, and the products will be exclusively marketed and distributed by Teva in Israel and the Palestinian Authority.

The oils are based on strains developed by Cannbit-Tikun Olam and selected exclusively by Teva Israel due to their safety profile and strong therapeutic efficacy. In the future, and to the extent possible, the cannabis oils will also be marketed by Teva in Ukraine, where the
government is currently developing regulations.

“The medical cannabis arena is developing and being professionalized at a dizzying pace in Israel, and there is more openness to it in Israel and worldwide,” said Yossi Ofek, CEO of Teva Israel.

“Today, it is clear to many in the pharmaceutical industry and in the medical community that use of oils produced from specific cannabis strains may provide additional treatment options and respond to unmet medical needs of patients.

We decided to join forces with Cannbit-Tikun Olam following an in-depth and lengthy review and I have no doubt that the medical cannabis oils Cannbit-Tikun Olam produces – according to Teva’s high quality and safety standards – will help us realize our goal of improving the lives of patients.”