Innocan Pharma Celebrates FDA Fee Waiver for Innovative Treatment

Innocan Pharma Receives Fee Waiver from FDA for 2025

HERZLIYA and CALGARY - Innocan Pharma Corporation (CSE: INNPF), a leader in the pharmaceutical and biotechnology fields, has exciting news. The FDA's Center for Veterinary Medicine has granted the company a waiver for sponsor fees related to their innovative LPT-CBD (Liposome Platform Technology-Cannabidiol) product for the second consecutive year.

The Animal Drug User Fee Act (ADUFA) allows the FDA to collect fees for certain animal drug applications, but sponsors can request annual waivers under the 'significant barrier to innovation' provision. After a comprehensive review, Innocan was awarded this fee waiver for 2025, highlighting the company's commitment and innovation within the realm of animal wellness and healthcare.

What is LPT-CBD?

The LPT-CBD is specially formulated for subcutaneous injections aimed at managing chronic pain in dogs. As more pet owners show interest in CBD products for their pets’ health, Innocan’s innovation aims to provide a safe, effective option for pet care. This innovative platform allows for precise and sustained release of CBD from a single injection, promoting ease and accuracy in dosage.

"LPT-CBD represents a unique method for delivering CBD to dogs suffering from chronic discomfort. According to the North American Veterinary Community, chronic pain affects around 45 million pets in the U.S.," shared Iris Bincovich, CEO of Innocan Pharma. "We are dedicated to providing solutions that ensure pet owners can trust that their pets receive the full, required dosage for effective pain relief."

CEO Insights on Innovation

Dr. Eyal Kalo, R&D Director at Innocan, emphasized the significance of this fee waiver. "Receiving this acknowledgment from the Center for Veterinary Medicine demonstrates our dedication to advancing the development of LPT-CBD. This milestone helps us accelerate the journey toward an innovative solution in chronic pain management for animals."

About Innocan Pharma

Innocan Pharma stands at the forefront of innovation within the pharmaceuticals and wellness industries. In pharmaceuticals, the company has engineered a CBD-loaded liposome drug delivery system, ensuring precise dosing, prolonged release, and controlled application for non-opioid pain relief alternatives. In the wellness sector, Innocan markets an extensive range of self-care and beauty products designed to foster a healthier lifestyle. Their subsidiary, BI Sky Global Ltd., specializes in advanced and targeted online sales strategies.

For inquiries or further information, interested parties can reach out to:
Iris Bincovich, CEO
+1-516-210-4025
+972-54-3012842
+44 203 769 9377

Frequently Asked Questions

What is the significance of the FDA fee waiver for Innocan Pharma?

The FDA fee waiver highlights Innocan's innovative approach in developing products for animal healthcare, allowing the company to continue advancing its LPT-CBD technology without the financial burden of yearly fees.

How does the LPT-CBD product work?

LPT-CBD is designed for subcutaneous injections, providing a sustained release of CBD to effectively manage chronic pain in dogs through a single, convenient dosage.

What challenges does Innocan Pharma aim to address?

Innocan targets the unmet needs of pet owners looking for effective, non-opioid solutions for chronic pain management in pets, particularly within the growing interest in CBD-based treatments.

What role does the Animal Drug User Fee Act play?

The Animal Drug User Fee Act (ADUFA) enables the FDA to collect fees for animal drug applications, but it also allows companies like Innocan to request waivers to promote innovation in animal drug development.

What are Innocan's broader goals?

Innocan seeks to redefine pain management in pets while expanding its wellness product lines, ensuring health and well-being through innovative and scientifically-backed solutions.

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