Become A Featured Company

Tetra Bio-Pharma Expands into $25 Billion Veterinary Market

Ryan Allway

June 29th, 2017

News, Top News

Many traditional pharmaceutical companies have built up solid businesses in the veterinary market. For example, Pfizer Inc. (NYSE: PFE) spun off its veterinary business into Zoetis Inc. (NYSE: ZTS), which has since reached a valuation of more than $30 billion. The cannabis industry may still be young compared to traditional pharmaceutical companies, but some advanced cannabis companies are starting to target canines and other animals.

In this article, we will look at Tetra Bio-Pharma Inc.’s (CSE: TBP) (CNSX: TBP) (OTCQB: TBPMF) move into the veterinary market and why investors should take note.

Sizing Up the Market

Americans spent more than $66 billion on their pets last year, according to the American Pet Products Association (APPA), and that figure is expected to reach nearly $70 billion this year. Of the $66.75 billion spent last year, $15.95 billion was spent on veterinary services and $14.71 billion was spent on supplies and over-the-counter medications. Mordor Intelligence predicts that veterinary spending will continue to grow at an 8% CAGR to nearly $40 billion by 2021.

At the same time, the medical cannabis industry has been gaining traction. Cowen & Co. analysts believe the cannabis industry will exceed $50 billion in size, driven by the ongoing legalization of medical marijuana and the growing body of research supporting its usage across a wide range of medical conditions. Not surprisingly, the popularity of cannabinoid therapies for pets has also been on the rise as these two trends converge.

Tetra Bio-Pharma hopes to capitalize on both of these trends by developing cannabinoid therapies for the veterinary market. To this end, the company recently announced its intent to develop novel cannabinoid-based formulations for the treatment of pet conditions. These efforts may involve a significantly shortened development cycle compared to human pharmaceutical compounds while still providing enormous upside potential over the long run.

“After carefully studying the veterinary pet market and potential partnerships, the company decided to expand its development activities in order to tap into this lucrative market,” said CEO Andre Rancourt in a recent press release announcing the company’s move into the veterinary market. “In addition, Tetra is very fortunate to have Dr. Chamberland who has considerable experience navigating the regulatory affairs in the veterinary industry.”

Strong Background

Tetra Bio-Pharma’s Chief Science Officer, Dr. Guy Chamberland, M.Sc., Ph.D., Master Herbalist, has a strong background in veterinary medicine that supports the company’s move into the veterinary space. By leveraging this experience, the company hopes to maximize its odds of success as it enters into the relatively new industry. Very few individuals have experience in both the cannabinoid industry and the veterinary industry.

Dr. Chamberland has a Masters of Science in Veterinary Anatomy and Physiology from the University of Montreal, where he also earned a Ph.D. in Biomedical Sciences, and worked for six years as a Co-Chair and Member of Health Canada’s Expert Advisory Committee for Veterinary Natural Health Products and Low Risk VHP. This experience not only helps him understand the pet industry, but also the regulatory approval processes.

The company also intends to create a Veterinary Advisory Board that will consist of veterinary specialists in the fields of ophthalmology, oncology, and pain. This board will help guide product development activities to ensure that the company focuses on unmet veterinary needs for domestic animals while setting it apart from other companies that have simply taken over-the-counter cannabinoids and repackaged them for the pet market.

With Tetra already conducting clinical trials on humans, the main business advantage is that it is the same GMP and manufacturing file for both humans and dogs. The clinical files are different. With a partnership approach Tetra can wisely expand its revenues in the pet field with minimal investment.

Looking Ahead

Tetra Bio-Pharma Inc.’s (CSE: TBP) (CNSX: TBP) (OTCQB: TBPMF) move into the veterinary market could generate significant long-term value for shareholders. With Americans spending billions of dollars on their pets each year, cannabinoid products could present a natural solution that may be more appealing than conventional pharmaceutical drugs. These compounds could also address many unmet medical needs and/or reduce side-effects.

Investors may want to keep an eye on the stock as these developments progress, especially given the company’s strong human pipeline that continues to gain traction.

For more information, visit the company’s website or CannabisFN’s company profile.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading