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Biotechnology

Breaking Ground on Europe’s Largest Hemp Extraction Facility

Betty Tűndik

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Precision KPD Series - Industrial Hemp Extraction Plant
Reading Time: 2 minutes

 

Precision Extraction Solutions Named Exclusive Equipment Supplier of Canapar S.r.L.

Precision Extraction Solutions (“Precision”), a market leader in cannabis and hemp extraction technology, has been named the exclusive equipment supplier of Canapar S.r.L. (“Canapar”) for the development and outfitting of its flagship extraction facility in Sicily, Italy.

On the heels of a $25 million CAD ($20 million USD) round of financing, that included a lead investment by Canopy Rivers Inc (TSXV: RIV), the corporate venture capital platform of Canopy Growth Corporation (TSX: WEED, NYSE: CGC), a global leader in the cannabis sector, Canapar engaged Precision for the design and manufacturing of an industrial scale hemp extraction plant.

“The KPD series extraction plant represents the newest and most innovative extraction technology in the marketplace. We are excited to see this revolutionary and automated cGMP solution at Canapar’s state-of-the-art facility,” states Nick Tennant, CTO of Precision.

The Precision® KPD Series is a scalable solution for industrial and agri-processing demands ranging from 2,200 lbs (1,000 kilograms) of cannabis or hemp input material per day to more than 100,000+ lbs per day.

Canapar’s Ragusa, Sicily facility, outfitted with a KPD series extraction plant, is expected to produce CBD extracts and isolate, which will then be used for a wide range of health and beauty, cosmetics, pharmaceutical and veterinary products.

“We chose Precision as our extraction technology partner because they are the most recognized and innovative extraction equipment company in the world. They are assisting us in all aspects of the project from facility design to equipment and training. With Precision’s help, the aim is to optimize the extraction process for the production of the world’s finest CBD isolate for the cosmetic and pharmaceutical market,” said Sergio Martines, CEO of Canapar.

The cGMP-compliant Ragusa facility is initially expected to be able to process over 600 tons of hemp biomass per year, making it the largest extraction facility in the European Union. With Precision’s assistance, Canapar is planning on scaling its operation within the next 12-18 months to keep up with projected demand.

According to Marc Beginin, CEO of Precision, “We are thrilled to be working with the professionals at Canapar. Canapar is poised to be the leading CBD isolate provider in Europe. They asked us to produce a scalable extraction plant with speed-to-market top of mind. Our team will be ready to deliver the first phase in Sicily this summer.”

The market for hemp extraction solutions to produce CBD isolate is growing rapidly. “Indeed, the market is robust,” says Beginin, “with the passage of the 2018 Farm Bill in the US, and increased legality of hemp-derived products worldwide, it is estimated that the market for hemp extracts will grow to $22 billion by 2020.”

About Precision® Extraction Solutions
Precision® Extraction Solutions is the industry leader and most trusted brand in cannabis and hemp extraction equipment, technology, lab design, training and consulting.

Precision® extraction systems are world renowned for quality, safety and precise operation. Certified for use in all regulated US and EU jurisdictions, more award-winning extracts are made with Precision® than any other brand.

Precision’s multi-solvent extraction systems process 100 to over 100,000+ lbs of material per day, making Precision® the professional’s choice for commercial and scaled industrial operations.

For more information about Precision® Extraction Solutions visit:

https://precisionextraction.com/.

 

SOURCE: Precision Extraction Solutions

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Biotechnology

Moorfields Dubai Welcomes New Highly Experienced Consultant Surgeon Specialising in Children’s Eye Diseases and Eye Screening for Premature Babies

Vlad Poptamas

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Dr. Namir Kafil-Hussain, Consultant Paediatric Ophthalmologist, specialist in Children’s Eye Diseases, Strabismus and Paediatric Cataract Surgery, Moorfields Dubai (Moorfields Eye Hospital Dubai)
Reading Time: 2 minutes

 

Moorfields Eye Hospital Dubai (Moorfields) has announced the appointment of a new Consultant Paediatric Ophthalmologist specialising in children’s eye diseases, strabismus (squint) and cataract surgery for children.

Dr. Namir Kafil-Hussain is an experienced consultant ophthalmic surgeon and has held senior clinical consulting roles in some of the leading specialist hospitals in the UK and Republic of Ireland, managing high quality paediatric ophthalmic services. His work encompasses all aspects of eye surgery for children including small incision cataract surgery, intraocular lens implantation, squint surgery and botulinum toxin injection for treatment of squint. He has screened and performed laser treatment on premature babies (Retinopathy of Prematurity – ROP) as early as 23 weeks, as well as publishing research on ROP prevention and treatment trends.

Dr. Namir trained at centres of excellence in ophthalmology, including Oxford, London and Dublin, and completed his specialist training at the Royal College of Ophthalmologists. He has lectured, researched and published extensively on his specialist areas of interest, including original clinical papers related to Children’s Eye Diseases, Strabismus (Squints) and Cataract surgery. He is a Fellow of the Royal College of Surgeons of Edinburgh; Fellow of the Royal College of Ophthalmologists; and is a member of the United Kingdom and Ireland Society of Cataract and Refractive Surgery.

Dr. Ammar Safar, Medical Director of Moorfields Eye Hospital Dubai, commented: “At Moorfields Dubai, we pride ourselves on our unique capacity to treat the most complex eye conditions, including those affecting children, who comprise a significant proportion of our patients. Dr. Namir brings exceptional skills and experience to the paediatric team, which provides a comprehensive service to younger patients by covering the full range of advanced medical and surgical services including the most challenging cases, even in premature babies.”

Moorfields Eye Hospital Dubai (MEHD) is the first overseas branch of Moorfields Eye Hospital NHS Foundation Trust, the oldest and one of the largest centres for ophthalmic treatment, teaching and research in the world. Located at the Al Razi Medical Complex in Dubai Health Care City, the facility provides day case surgery and outpatient diagnostic and treatment services, for a variety of surgical and non-surgical eye conditions. MEHD will also raise standards for research and teaching in the region. MEHD is owned and managed by the NHS Foundation Trust, and maintains close links with London, to ensure that patients in the GCC receive the best eye care treatment in the world.

SOURCE Moorfields Eye Hospital Dubai

 

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Biotechnology

Collaboration Between Andrew Alliance SA and Ziath Ltd Brings Sample Tracking to Andrew Automation

Vlad Poptamas

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Photo source: builderonline.com
Reading Time: 1 minute

 

Sample tracking on Andrew automation brings added levels of traceability to a wide variety of low to medium throughout applications

Andrew Alliance S.A., the robotics company that is improving repeatability with an innovative approach to liquid handling with conventional laboratory pipettes, and technology company Ziath Ltd, today announced a collaboration agreement to integrate barcode reading into Andrew Alliance’s software package. Under the co-marketing agreement, Andrew Alliance’s will integrate Ziath’s DataPaq™ Mirage 2D barcode rack scanner and other devices with their OneLab software platform and associated hardware, bringing sample tracking capability to a large number of applications.

“These days’ most high value samples are labelled with either 1D or 2D barcodes, and these samples need to be tracked throughout workflows within the laboratory,” said Piero Zucchelli, CEO and founder of Andrew Alliance. “Many of our customers and partners have been asking for us to add this capability into the OneLab platform and by working with Ziath we are able to combine industry leading technology to do this.”

“We are very pleased to be working with an innovative partner such as Andrew Alliance and look forward to introducing our technology to a new range of customers. Ziath is committed to easy to use sample tracking system and first class customer support and this is why we identify Andrew Alliance as a natural fit for both organisations to co-operate,” said Neil Benn, Managing Director, Ziath Ltd.

This collaboration reflects both companies’ commitment to providing scientists with the tools and solutions that enable them to make strides in their respective fields, without the worry of the consequences associated with manual errors.

SOURCE Andrew Alliance SA

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Biotechnology

Global Health Care Leaders Back Aetion with $27 Million Strategic Investment

Vlad Poptamas

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Photo source: health21initiative.org
Reading Time: 3 minutes

 

Sanofi, UCB, McKesson Ventures, and Horizon Health Services Endorse Aetion’s Vision for Real-World Evidence

Aetion, the health care technology company that delivers the real-world analytics and evidence platform needed to engage in value-based care, announced it has attracted strategic investment from global leaders in biopharma and health care services, including Sanofi, UCB, McKesson Ventures, and Horizon Health Services, Inc., a Blue Cross Blue Shield of New Jersey company — four new strategic shareholders that join Amgen Ventures, an earlier investor. Existing venture capital investors also participated in this round, including NEA, Flare Capital, and Lakestar.

The latest strategic capital infusion of $27 million reflects Aetion’s substantial growth in customer adoption over the past year. Coupled with its prior funding in early 2018, the investment caps the total Series B funding at $63 million. This brings Aetion’s total funding to $77 million since its 2015 launch. Investment funds will be applied to strengthen the Aetion Evidence Platform™, extending its reach in therapeutic area-related intelligence, outcomes-based contracting for payers, and advancing the acceptance of standards for real-world evidence around the globe.

“The time for real-world evidence is now,” said Carolyn Magill, Chief Executive Officer of Aetion. “We’re entering a new era in which nearly the entire health care ecosystem from biopharma and regulators to payers and technology companies recognizes the importance of using real-world evidence to reduce the time and cost to bring new therapies to market. This funding demonstrates that the industry’s leaders, who are using our technology to drive health care’s most critical decisions, view Aetion as a trusted partner vital to their long-term success.”

For Aetion, strategic backing from a sweep of biopharma, health care services, and payer organizations with investment capital reinforces its position as an unbiased thought-leader at the forefront of industry adoption of real-world evidence, and underscores growing confidence among its partners and clients in the Aetion Evidence Platform as the analytics tool of record.

“We are at an inflection point, in which the convergence of massive analytical advances and enormous amounts of new data are transforming what’s possible in health care,” said Ameet Nathwani, M.D., Chief Medical Officer at Sanofi. “Aetion is ideally positioned to lead this shift, given the power of its technology and extensive experience with biopharma leaders and the FDA. Sanofi is excited to join as a strategic investor as the company helps set the global standards for real-world evidence.”

“Aetion’s abilities represent the leading edge of member-centric, value-based care,” said Bill Georges, Chief Strategy Officer at Horizon Healthcare Services, Inc. “Horizon has successfully deployed Aetion’s analytics and leveraged real-world evidence to determine which treatments are most effective for specific patient populations with diabetes. Horizon shares this data with our members’ doctors to help them deliver more effective treatment regimens that work to improve outcomes for our members and reduce their overall cost of care. We are thrilled to be collaborating with Aetion as a strategic investor and excited to expand the number of Horizon members who will benefit directly from Aetion’s innovation.”

Aetion is coming off a year of strong growth, and this funding continues the company’s momentum. Today, the Aetion Evidence Platform is used by eight of the top 15 global biopharma firms, leading payers, academic institutions, the U.S. Food and Drug Administration (FDA) and other major international regulatory bodies. Since 2017, it has seen a 100 percent customer renewal rate.

“Aetion shares our ambition to transform the future for people living with severe diseases, and our passion for science-driven approaches that serve this goal,” said Iris Loew-Friedrich, M.D., Ph.D., chief medical officer at UCB. “Aetion’s transparent evidence serves as a bridge between UCB and its payers, enabling us to apply real-world evidence to engage them in new ways. We’re thrilled to build upon our strong relationship with Aetion as a strategic investor.”

Also in 2018, Aetion began a partnership with the FDA to recreate 30 randomized clinical trials through real-world evidence, to demonstrate its value as an accelerant to drug approval and access decisions. The three-year study, named DUPLICATE, is referenced in the FDA’s recently released Framework for its Real-World Evidence Program, which applies across its drug and biologic review programs — yet another clear signal that real-world evidence will modernize how treatments are developed, approved, and commercialized.

“Aetion is poised to be the partner of choice for biopharma companies, payers and regulators looking to leverage real-world evidence given its unique relationships across the health care ecosystem and its expertise in protocols and treatment-based analytics,” said Tom Rodgers, SVP and Managing Director at McKesson Ventures.

To learn more, visit Aetion’s website and subscribe to its newsletter at www.aetion.com.

SOURCE Aetion

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