Alvit LCS Pharma, which develops cannabis-based medical products, and Bazelet Pharma, Israel’s leading cannabis production and distribution company, have announced cooperation in the development of cannabis products. Alvit is currently merging its cannabis growing activity into Tefen (TASE: TFN), while Bazelet is in the final stages of constructing a production facility.
The companies plan to cooperate in making cannabis-based products for the medical market, such as tablets, mouth sprays, delayed release products, and suppositories using their combined know-how in the sector. They are also planning collaborative research to adapt cannabis strains to specific diseases, based on the database that Bazelet has accumulated over the years from its meetings with patients.
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Bazelet will manufacture the products in its facility, which is