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As of April 30, 2024, Panaxia Labs Israel Ltd was acquired by Barak Investment House Ltd, in a reverse merger transaction. Panaxia Labs Israel Ltd provides pharmaceutical solutions for patients and physicians in Israel and internationally. It offers pharma-grade smokeless cannabis products, such as oral tablets, orodispersible tablets, sublingual tablets, oral oils, sublingual drops, solution for inhalation, pastilles, topicals, suppositories, and cannabis extracts in ethanol under the NAXIVA – PANAXOL, NAXIVA-PANAXOL-ONKO, PANAXIR SENSE, PANAXIR, Axiban, Tikva, Ultra Health, and Salus brands. Panaxia Labs Israel Ltd was incorporated in 2005 and is based in Lod, Israel.
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