Connect with us

Hi, what are you looking for?

Jewish Business News

VC, Investments

Therapix Bio invests $1.5 million in medical cannabis co

LaraPharm is developing a cannabis formulation to work in an inhaler.
Los Angeles City Council Votes To Ban Medical Marijuana Dispensaries
Therapix Biosciences Ltd. (TASE: TRPH) (formerly NasVax) has invested $1.5 million in medical cannabis company LaraPharm Ltd. Therapix’s share price rose 18.4% by mid-afternoon to NIS 0.99, giving a market cap of NIS 13 million (about $3.7 million).

LaraPharm is developing a formulation of THC, the active ingredient in cannabis, to work in an inhaler.

Therapix is investing all of its cash reserves in LaraPharm to acquire 49% of the company. The investment will be in milestone payments. “I don’t see this as a problem. we‘ll be able to raise more capital, ” said Therapix director and shareholder Dr. Ascher Shmulewitz.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

THC is currently marketed as a pill, under the brand name Marinol. “We checked, and LaraPharm’s product does not infringe on Marinol’s patent, ” said Shmulewitz. “We have not yet examined in a clinical trial whether the formulation works on people, but we know that inhaling cannabis is the best way to consume it. After a short trial, we’ll be able to commercialize the product to a drug company.”

Another Israeli company is also investing in medical cannabis. In 2013,  Proteologics Ltd. (TASE: PRTL) invested $125, 000 in BreedIT Corporation (BRDT) at $0.06 per share. The share price of BreedIT, founded by chairman Itschak Shrem, has since risen 900%. Earlier this week, it signed a strategic partnership with an experienced Israeli medicinal cannabis grower Sheifa Le’Haim Ltd. to breed and own unique and hybrid cannabis seeds utilizing its advanced Intelligent Decision Support System.

Published by Globes [online], Israel business news –



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.