Tilray Expands UK Pharma Distribution Through Smartway Partnership

GlobeNewswire Inc.GlobeNewswire Inc.
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Key Takeaway

Tilray Pharma partners with Smartway Pharmaceuticals to expand UK drug distribution, combining their networks to strengthen presence in Britain's £1 billion pharma market.

Tilray Expands UK Pharma Distribution Through Smartway Partnership

Tilray Pharma's European distribution arm CC Pharma has established a strategic partnership with Smartway Pharmaceuticals to broaden its pharmaceutical product offerings across the United Kingdom. The collaboration combines Smartway's established national distribution infrastructure with CC Pharma's European supply chain capabilities and Good Manufacturing Practice (GMP) standards, positioning both organizations to accelerate product availability in the UK market, valued at approximately £1 billion.

The agreement represents a significant step in Tilray's efforts to strengthen its presence in British healthcare systems. By leveraging Smartway's existing network and logistical infrastructure, the partnership aims to streamline the distribution of specialized pharmaceuticals while maintaining regulatory compliance standards. The initiative also supports Tilray's broader objective of integrating its medical cannabis portfolio into the UK healthcare framework, subject to applicable regulatory requirements.

This distribution agreement reflects the growing consolidation within pharmaceutical supply networks across Europe, as companies seek to optimize market access and operational efficiency. The partnership underscores the strategic value of combining established distribution capabilities with specialized pharmaceutical expertise to serve the evolving needs of the British healthcare market.

Source: GlobeNewswire Inc.

Back to newsPublished Feb 13

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