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SYDNEY, July 7, 2021 /PRNewswire/ — Dragonfly Biosciences Ltd (‘Dragonfly’) is happy to announce Dragonfly CBD oil merchandise are authorised to be used by the Australian Authorities’s Therapeutic Items Administration (‘TGA’). The merchandise have been authorised underneath the TGA’s Particular Entry Scheme (‘SAS’) making them instantly accessible to be prescribed by Australian well being practitioners.
Highlights:
- Dragonfly Biosciences is a worldwide chief within the cannabidiol market
- The success of Dragonfly CBD is constructed on a singular ‘seed to shelf’ high quality assure.
- Any Australian well being practitioners can prescribe Dragonfly CBD merchandise.
Dragonfly is a longtime international chief in CBD oil and topical merchandise, a market that’s experiencing speedy progress[1][2]. The legalisation of cannabidiol merchandise world wide, together with Australia, is driving demand from the pharmaceutical sector and rising consciousness of the well being advantages of CBD amongst customers.
Dragonfly merchandise are offered in worldwide markets by way of over-the-counter and on-line gross sales at shops together with Boots, the UK’s main pharmacy-led well being and sweetness retailer; Harrods, the World’s Main Luxurious Retailer; Sainsbury’s, Tesco and direct to shopper channels within the US and EU markets.
The corporate has internationally recognised third celebration accreditations and certifications for each step in its manufacturing course of, from its natural plantations by to pharmaceutical grade formulation of the ultimate CBD oil merchandise. This permits Dragonfly to ensure the standard of its merchandise and to set the usual for CBD oil merchandise.
Australian customers can now entry two merchandise from Dragon fly’s CBD vary with a prescription:
- Dragonfly Biosciences’ Slim Spectrum 1000mg CBD Oil
- Dragonfly Biosciences’ Slim Spectrum 3000mg CBD Oil
Provides of each merchandise are being shipped to Australia to be accessible to be used throughout July 2021.
CBD is used to assist alleviate continual ache, joint ache and arthritis in addition to to assist handle nervousness and sleep issues. Though no direct claims could be made, shopper testimonials are encouraging. The standard and consistency of Dragonfly CBD formulations permits well being practitioners to prescribe these merchandise with confidence and permits customers to make use of the merchandise in a extremely personalised approach.
Following this SAS approval, Dragonfly is in search of additional TGA approval for Dragonfly CBD to be listed on the Australian Register of Therapeutic Items. This registration would enable customers extra handy and secure entry to Dragonfly CBD merchandise by way of over-the-counter gross sales by pharmacies and supermarkets in addition to different specialty shops. This distribution mannequin has been efficiently rolled out in our key worldwide markets.
In Australia, Dragonfly has an settlement with Well being Home Worldwide Australia for the distribution of Dragonfly CBD merchandise prescribed underneath the SAS. This distribution settlement has the capability to scale as much as meet demand will increase.
Regan Saveall, Chief Government at Dragonfly Biosciences, said “The truth that well being practitioners in Australia can now prescribe Dragonfly’s CBD oil is nice information for customers who want entry to a reliable supply of top of the range, CBD infused merchandise underneath medical steerage. We management your entire manufacturing course of from ‘seed to shelf’ so we will guarantee the standard of Dragonfly’s merchandise and provides customers confidence they include the acknowledged quantity of CBD; are THC-free; may have a batch quantity and use-by date on each pack and are compliant with all regulatory frameworks.”
“From the very starting we made certain we had been organically licensed and invested within the highest manufacturing requirements. We now have a state-of-the-art laboratory for extraction, toxicity testing and processing. We now have the easiest Excessive-Efficiency Liquid Chromatography testing services, which additionally evaluation our CBD oils’ microbiology to make sure there aren’t any heavy metals, herbicides or pesticides current. Every batch of our Dragonfly CBD product has a supporting Certificates of Evaluation from a 3rd celebration, ISO accredited laboratory confirming CBD content material and the absence of THC. That is what units us aside and is why we’re an award successful CBD model.”
“Ensuring customers throughout the globe can entry our CBD merchandise is a key a part of Dragonfly’s enterprise technique. Being authorised underneath the TGA’s Particular Entry Scheme is step one in making our CBD merchandise accessible in Australia. The following step is to have Dragonfly added to the Australian Register of Therapeutic Items so we will promote our merchandise on to customers by pharmacies, supermarkets and prolonged channels. Our goal is to attain this within the subsequent 12 to 18 months.”
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[1] The CBD oil market is poised to develop by USD $3.52 billion throughout 2020-2024 progressing at a CAGR of over 32% through the forecast interval. – Yahoo Finance |
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[2] The worldwide cannabidiol market measurement was valued at USD $2.8 billion in 2020 and is anticipated to increase at a compound annual progress charge (CAGR) of 21.2% from 2021 to 2028″ – Grandview Analysis |
– ENDS –
Media Contact:
Giles Rafferty
First Advisers
grafferty@firstadvisers.com.au
+61 481 467 903
About Dragonfly Biosciences
Dragonfly Biosciences was based in 2017 and is the main worldwide premium retailer of cannabidiol (CBD) oil. By its in depth analysis and improvement, Dragonfly controls the method from seed to sale, with the intention of manufacturing the very best and most constant product high quality. Dragonfly at the moment presents a spread of CBD well being and way of life merchandise.
Dragonfly goals to increase its enterprise and product vary in step with legislative modifications in Europe, the USA and Australia. As demand grows for CBD well being dietary supplements, Dragonfly seeks to be the go-to producer and provider of CBD for each companies and customers.
In Australia, Dragonfly CBD oil could be prescribed by well being practitioners underneath the Therapeutic Items Administration’s Authorised Prescriber Scheme. Dragonfly is accessible in two ranges – slender spectrum and broad spectrum – and in a spread of strengths to take by mouth. Vitamin D is included in some oral preparation to facilitate customers acquiring the beneficial every day dose of this important vitamin. Dragonfly additionally produces a CBD skincare vary. www.dragonflycbd.com
SOURCE Dragonfly Biosciences
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