Safety First For Perrigo In CBD Market; ‘Long-Term’ Play Starts With Clinical Trials

Perrigo’s clinical trials on CBD likely will take years before resulting products help bring order to the market. During earnings presentation, CEO Murray Kessler says the trials aren’t intended to establish claims for CBD but are more a long-term effort to provide data to FDA.

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Perrigo Company PLC will conduct clinical trials with cannabidiols in support of its $50m investment in CBDs supplier Kazmira LLC and to generate data to give the US Food and Drug Administration confidence in the ingredients’ safety.

The trials likely will take a “few years” as part of Perrigo’s “long-term play” in the CBD space and aren’t intended to establish claims, said president and CEO Murray

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