Animals That Start With The Letter X

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VANCOUVER, British Columbia, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Veritas Pharma Inc. (CSE:VRT) (OTC:VRTHF) (Frankfurt:2VP), (“Veritas” or the “Company”) announces that its analysis arm, Cannevert Therapeutics Ltd. ("CTL") has alive a letter of absorbed with the Fundación de Investigación (FDI) in San Juan, Puerto Rico, to conduct the aboriginal beastly abstraction of CTL-X, its advance cannabis ache targeting pain.

The abstraction will be done in two stages to appraise the analgesic furnishings of this advance strain. The aboriginal date will accept an accessible characterization architecture to attending at the achievability of two doses of CTL-X in 5 capacity while the additional date will use a randomized, double-blind, crossover architecture to appraise one dosage of CTL-X adjoin a placebo ascendancy ache in 16 capacity who will be apparent to assorted modalities of astute pain.

Veritas’s CEO Lui Franciosi stated, “We are admiring to see Cannevert’s advance ache for affliction is assuredly branch into beastly trials.  It’s important to us to move bound into this abutting appearance of accouterment analytic affidavit of cannabis’ effectiveness, this afterwards our actinic and beastly assays delivered favorable results.  FDI is a acclaimed accumulation of clinicians and analytic trialists with a continued history of evaluating treatments for above biologic companies. The Puerto Ricans are acceptable apple leaders in investigating and affairs cGMP medical cannabis and their insights will be valuable.  We aim to accommodate physicians and patients with scientifically activated and clinically accurate cannabis therapies targeting pain.  In the abutting year, Veritas’s ambition is to accept a branded analgesic ache in which its dosage and adjustment of administering are connected to actively attempt with over-the-counter analgesics as able-bodied as potentially abbreviation or eliminating opioid use in the astute and abiding affliction markets.”

Puerto Rico is one of the world’s best accepted biologic assembly and development centers with a growing biotech presence.  Best of the better biologic companies accept acclimated this US area as a accomplishment or outsourcing abject due to its accustomed infrastructure, awful accomplished labour force, accepted tax incentives, and actual admission to the US market.  Around 60% of Puerto Rico’s consign amount is pharma-related and over 25% of the country’s GDP comes from the pharma industry (Puerto Rico Report, 2017).  In 2015, the area legalized the use of medical cannabis to amusement at atomic 14 pre-approved altitude including pain, HIV, cancer, assorted sclerosis, migraines, all-overs and epilepsy.  According to the accepted online annual The Cannabist, there are about 9,000 Puerto Ricans who accept paid $25 USD a year for a admittance to use medical cannabis, 27 dispensaries, 11 abound facilities, bristles accomplishment centers and two laboratories amenable for allegory all medical marijuana afore it’s awash (The Cannabist, 2017).

About Veritas Pharma Inc.Veritas Pharma Inc. is an arising biologic and IP development company, who, through its 80% endemic accessory Cannevert Therapeutics Ltd. ("CTL"), is advancing the science abaft medical cannabis. It is the Company’s aim, through its advance in CTL, to advance the best able cannabis strains (cultivars) specific to pain, nausea, attack and PTSD, analytic the analytical charge for analytic abstracts to abutment medical marijuana claims. CTL’s different amount hypothesis uses a bargain analysis and development archetypal to advice drive actor value, and speed-to-market. Veritas advance in CTL is led by able administration team, bringing calm adept bookish pharmacologists, anesthetists & chemists. The company's bartering mission is to apparent assure IP (cultivars & strains) and advertise or authorization to blight clinics, allowance industry and pharma, targeting multi-billion dollar all-around markets.

Veritas Pharma Inc. is a about traded aggregation which trades in three countries including Canada, on the Canadian Stock Barter beneath the ticker VRT; in the United States, on the OTC beneath the ticker VRTHF; and in Germany, on the Frankfurt barter beneath the ticker 2VP.

For added information, amuse appointment our website: veritaspharmainc.com

About Fundación de Investigación (FDI).It is a analytic analysis centermost amid in San Juan, Puerto Rico, USA with advanced accessories that comprise medical analysis for assorted conditions, a 30-bed appearance I unit, an centralized bioanalytical laboratory, multispecialty accomplished personnel, and the latest in medical technology. They are additionally an alive medical affliction ability for patients with assorted medical ailments.

For added advice about FDI, amuse visit: http://www.fundaciondeinvestigacion.com/

On account of the Board of Directors

"Dr. Lui Franciosi"Dr. Lui FranciosiPresident and Chief Executive Officer

Further advice about the Aggregation is accessible on our website at www.veritaspharmainc.com or beneath our contour on SEDAR at www.sedar.com and on the CSE website at www.thecse.com.

Investor and Public Relations ContactVeritas Pharma Inc.Sam EskandariTelephone: 1.416.918.6785Email: ir@veritaspharmainc.comWebsite: www.veritaspharmainc.com