Spotlight Innovation Subsidiary Caretta Therapeutics Signs Second Venodol API Production Agreement
Thursday, June 15, 2017
Spotlight Innovation Inc. announced that its subsidiary Caretta Therapeutics, LLC, has signed a manufacturing agreement with Orlando, FL-based contract manufacturing organization (CMO) Maitland Labs, LLC, for the production of the active pharmaceutical ingredient (API) for Venodol, the Company's first over-the-counter product for the treatment of chronic pain. Maitland Labs is the second CMO producing Venodol's API on behalf of Caretta Therapeutics. The primary CMO has completed the initial API production run, and commercial production of Venodol is expected to begin soon.
"We continue to develop partnerships with premier CMOs and supply chain vendors for every step in the Venodol production process, and we are pleased to have Maitland Labs as a member of our team," said John Krohn, Spotlight Innovation's President and Chief Executive Officer.
Venodol topical roll-on is formulated to relieve chronic pain associated with inflammation, including joint pain, tendinitis, and arthritis (excluding osteoarthritis). Venodol is tentatively scheduled to be available in the United States in summer 2017. Caretta Therapeutics plans to introduce additional product formats formulated to provide non-addictive alternatives to opioid drugs for the relief of chronic pain.
