other material
confidence high
sentiment positive
materiality 0.65
Splash Beverage expands CannEpil license to veterinary applications, targets FDA approval
SPLASH BEVERAGE GROUP, INC.
- Expanded exclusive global license for CannEpil to include veterinary therapeutics; royalty 10% of vet net revenue, 15% human.
- Initial focus on canine oncology and chronic pain; global veterinary pain market ~$2.6B in 2024, projected $3.8B by 2030.
- Company finalizing joint venture with established cannabinoid pharmaceutical firm to lead veterinary development program.
- CannEpil is a pharmaceutical-grade CBD/THC oral solution with EU-GMP certification and IND for human program.
- Will pursue FDA Center for Veterinary Medicine INAD and Conditional Approval pathways; no assurance of approval.