Better Plant Sciences (PLNT.C) received a natural health product (NHP) number from Health Canada for their anti-microbial skin ointment product today, according to a press release.
The company, a former client of ours that went under the name Yield Growth if you’ve been wondering what happened to them, further developed the product following promising research results involving plant-based compounds for antimicrobial activity against pathogens for potential antiviral treatments. This will be Better Plants fourth Health Canada approval in 2020.
“This antiseptic skin repair and healing ointment formula was developed over ten months and is based on the ancient principles of Ayurveda. It uses plants containing natural compounds that work powerfully to fight bacteria and viruses and contains powerful plant oils with antibacterial and antifungal compounds. It is ideal for minor skin wounds, sores, and bruises,” said Penny White, CEO of Better Plant.
Regulations are specific on NHPs. All NHPs sold in Canada require premarket approval. The health clam approved for Urban Juve’s anti-microbial ointment is: “Traditionally used in Herbal Medicine as an antiseptic and/or antimicrobial to help treat minor wounds and sores.”
Better Plant’s healing ointment uses combinations of various herbs for its therapeutic properties. These include thyme, copaiba, and clove essential oil, all of which have wound healing properties.
“Polyherbal formulations use a group of plants, combined precisely based on the principles of Ayurveda,” says Bhavna Solecki, director of research and product development for Better Plant.
The global wound care biologics market is anticipated to reach USD $2.9 billion by 2025, accoring to a 2018 Market Study Report. The market is split by product, wound type, end user and region. By product, the market is segmented into biological skin substitutes and topical agents. The biological skin substitutes segment took up largest share of the market in 2018.
“Traditional medicine and healers have long used plants to prevent or cure infectious disease. The active compounds available in plants have high therapeutic value. Western medicine has begun duplicating ancient medicine with success, and microbiologists, botanists and natural product chemists are becoming more involved in researching plant phytochemicals for treatment of infectious disease,” said Solecki.