Business
The Healing Company Forges Strategic Partnership with Althea DRF Lifesciences
The Healing Company Forges Strategic Partnership with Althea DRF Lifesciences.
About this update from The Healing Company Inc.
[{"type":"text","content":"\n New York, NY, Aug. 24, 2023 (GLOBE NEWSWIRE) -- The Healing Company Inc. (OTCQB: HLCO) (“The Healing Company” or the “Company”) today announced a strategic partnership with Althea DRF Lifesciences, a renowned biosciences research center supported by the Burman family, majority shareholders of one of the largest Indian consumer packaged goods (CPG) companies and the largest Ayurvedic company worldwide with a $12 billion market capitalization. The partnership will aim to accelerate The Healing Company’s growth and product innovation as it pursues its bold vision to bring integrated healing to the world, helping millions improve their quality of life. Rooted in a shared vision of combining modern medicine with ancient wisdom, the alliance between The Healing Company and Althea DRF Lifesciences is poised to advance the $7 billion Ayurvedic market that is already on a remarkable trajectory with a 15% compound annual growth rate (according to Market Research Future). Over the next few years, this partnership will initially focus on the creation of seven products aiming to address brain health, anxiety management, sleep optimization, immunity enhancement, cardiovascular, and men’s and women’s health. Spearheaded by more than 100 multidisciplinary experts, the pioneering research and development team at Althea DRF Lifesciences will provide clinical rigor and validation to The Healing Company’s expanding portfolio of integrated healing offerings. Althea DRF Lifescience’s experience delivering scalable solutions will also bolster The Healing Company’s strategic and operational capabilities, fueling the company’s M&A endeavors and propelling growth in a market primed for disruption. “Building upon our recent acquisition of certain Chopra Global business assets, our partnership with Althea DRF Lifesciences is a pivotal moment as it will enable us to seamlessly combine traditional Ayurvedic principles with the cutting-edge research methodologies of modern biotechnology,” said Simon Belsham, CEO and Co-Founder of The Healing Company. “By harnessing Althea DRF Lifesciences’s access to hundreds of scientists and more than a century of cumulative experience in Ayurvedic medicine, pharmaceutical research, and distribution, we are uniquely positioned t...