New CBD product available under prescription in Peru

New CBD product available under prescription in Peru

1 min ago
| By

Alfredo Pascual

A new medical cannabis product is available in Peru, in the latest sign the market is moving in the right direction.

Toronto-headquartered Khiron Life Sciences, a company with its main operations in Colombia, announced last Thursday that it became the “first company to sell and fill medical cannabis prescriptions through private pharmacies in Peru.”

Marijuana Business Daily anticipated the development earlier this month.

Khiron’s CBD is sold as a magistral preparation through Peruvian pharmacy chain Farmacia Universal.

With this new option, patients in Peru have access to two medicinal CBD products: One is imported from the United States and sold through a pharmacy owned and operated by the Peruvian General Directorate of Medicines, Supplies and Drugs (DIGEMID) and the other is Khiron’s product imported from Colombia.

The one offered by the DIGEMID pharmacy has a concentration of almost 5% CBD and is sold in 10 milliliter bottles for almost 48 soles ($13).
Farmacia Universal told MJBizDaily the price of 30 milliliter bottles with a concentration of 3% CBD retails for 215 soles, but larger options with a higher CBD concentration are available at a lower cost per milligram of cannabinoids.
No product with meaningful amounts of THC is currently available in the country.

GW Pharmaceuticals’ Sativex was registered last December, but still is not available according to local media.

Maritza Reátegui, partner and head of Rodrigo, Elías & Medrano’s Life Sciences & Healthcare group, shared the latest data about the market with MJBizDaily.

She obtained the figures from authorities through public information requests to DIGEMID and the anti-narcotics unit of the Peruvian national police, DIRANDRO.

Reátegui found that:

The government registry of cannabis patients is about to reach the 8,000 mark. However, that does not guarantee access to a prescription or even product. It’s a simple process anyone can complete online.
Twelve companies submitted applications to register 34 products. A handful of these were already approved, but are still unavailable to patients. Registered products should not be confused with magistral preparations.
DIGEMID granted 36 licenses to import and/or sell medical cannabis.
DIGEMID granted 33 individual import licenses, commonly called “compassionate use” in the region.
DIRANDRO approved 28 security protocols – 26 were automatically approved at submission, while two were approved after evaluation.
Although several companies submitted license applications to produce in Peru, none have been granted so far.
Reátegui told MJBizDaily the biggest change in recent weeks has been “the spike of new licenses to import and/or sell medical cannabis to patients.”

Alfredo Pascual can be reached at [email protected]

Originally Published on 2020 09 29 by Alfredo Pascual | Marijuana Business Daily

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