Wednesday, September 4, 2019

VPR Brands LP (VPRB) Positioned to Experience Windfall as Thai Hospitals Start Administering Cannabis Oils

  • VPR Brands is set to benefit from the approval of medical marijuana in South Asian markets
  • The Thai marijuana industry is expected to reach $661 million by 2024
  • VPRB announced growth of $1.58 million for Q2 2019, marking a 31 percent increase over last year
VPR Brands LP (OTCQB: VPRB), a technology holding company whose assets include issued U.S. and Chinese patents for atomization-related products, including technology for medical marijuana vaporizers and electronic cigarette products and components, is positioned to benefit as the Southeast Asian medical market could soon start using medical marijuana for the treatment of its patients. This news was announced by Thailand Public Health Minister Anutin Charnvirakul, who is also the deputy prime minister of Thailand (http://nnw.fm/AqC5M). This is the first time that Thai state hospitals will be administering cannabis oils to patients since the country passed legislation allowing such treatment.
“This is the outcome of legalizing medical cannabis,” Charnvirakul stated in a press conference. “There is no hidden agenda. We only want to support every patient.” The Government Pharmaceutical Organization (GPO) delivered the initial shipment to the public health ministry to distribute to hospitals for about 4,000 registered patients; additional oils will be distributed in coming weeks.
In December 2018, Thailand became the first Southeast Asian nation to legalize the use of marijuana for medical purposes (http://nnw.fm/e8P4P). Under this law, the Thai government will be regulating the production, processing and sale of medical marijuana products. Prohibition Partners, a marijuana research firm, forecast that the marijuana industry in Thailand could be worth around $661 million by 2024 (http://nnw.fm/nV0D6), and only licensed companies will be granted access to activities related to the new medical marijuana industry.
In addition to its U.S. patents, VPR Brands has Chinese-issued patents for atomization-related products. These patents include technology for medical-marijuana vaporizers and e-cigarette products and components. Since the company is already engaged in dealing with medical-marijuana products in the Chinese arena, the progress of medical marijuana in Thailand will further accelerate the VPR Brands’ expansion plans into the South Asian markets. Industry experts recognized VPR Brands specifically as one such company to be “thrilled that the Asian medical marijuana market could soon open up.”
VPR Brands’ has an extensive line of products that include accessories and vaporizers for cannabidiol (CBD), cannabis extracts and concentrates. The company also develops products for the vaping market, including e-vaporizers and e-liquids, and has alliances with top global brands in the vaping industry. The company’s growth strategy centers on adding more products while increasing production and thereby increasing sales.
VPR Brands CEO Kevin Frija has more than 30 years of valuable marketing and managerial experience. Under his sound leadership, VPR Brands is maneuvering toward the cannabis industry, which has led to an upsurge in sales and profit margins.
Recently, the company announced sales of $1.58 million for the three-month period ended June 30, which marked a 31 percent increase over the same period of 2018 (http://nnw.fm/61GOf).
For more information, visit the company’s website at www.VPRBrands.com
NOTE TO INVESTORS: The latest news and updates relating to VPRB are available in the company’s newsroom at http://nnw.fm/VPRB
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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SRAX Inc. (NASDAQ: SRAX) on Leading Edge of New Data Economy with Proprietary BIGtoken Consumer Data Platform

  • BIGtoken is the first digital exchange of transparent and verified consumer data, providing subscribers with the ability to own and earn from their own personal data
  • BIGtoken’s diverse global subscriber base is experiencing viral growth, reaching nearly 16 million users by mid-August 2019
  • SRAX grew its total revenues in Q2 2019 by 53 percent as compared to Q1 2019, and it has officially changed its name as part of its new business strategy
SRAX Inc. (NASDAQ: SRAX) is a digital marketing and consumer data management and distribution technology platform company providing marketers, content owners and consumers with the tools to unlock, amplify and maximize the value of data. Through its blockchain identification graph technology, or BIGtoken platform, SRAX has designed a consumer-powered data marketplace through which people own and sell their data, providing everyone in the internet ecosystem with the ability to be compensated for and control their own data.
Consumer data is valuable not only to the individual, but also to companies seeking to harvest insights and monetize that data into new revenue models, according to a Forbes article highlighting results of PwC’s 22nd Annual Global CEO survey (http://nnw.fm/jcG74). Data is multiplying at a mind-boggling rate, the article states, which means that companies need to unlock the full value of data while also focusing on its secure and ethical use.
Through BIGtoken, consumers are finally allowed to own and monetize their own data. Consumers decide what data is shared, who can buy it and how it’s used, while advertisers reach real, responsive audiences. Consumers finally know how their data is used and advertisers gain ethically sourced, verified consumer data for targeting.
“Through BIGtoken we put data back into the hands of consumers and through our verticals are delivering verified data to brands looking for a competitive edge,” SRAX CEO and Founder Christopher Miglino stated in a news release (http://nnw.fm/m5YC8).
In a recent study released by the Stanford Graduate School of Business, economics professors Christopher Tonetti and Charles I. Jones found that consumers wanted to preserve private data, but would elect to sell other personal data to many different firms, capitalizing on the value inherent in sharing their data (http://nnw.fm/A0qhs).
To date, SRAX has nearly 16 million BIGtoken users worldwide who have opted-in to monetize their personal data. The BIGtoken platform provides consumers, marketers and developers with a comprehensive data-management solution that leads to consumer empowerment and compensation; data verification and authentication; and open-source governance and development, as a recent article explains (http://nnw.fm/zk5Ba).
SRAX has made substantial technology advancements through the SRAX IR platform and BIGtoken, Miglino stated in a news release. SRAX reported a 53 percent revenue growth from Q1 2019 to Q2, for the three months ended June 30, 2019 (http://nnw.fm/0cwM9).
“BIGtoken is the leading edge of the new data economy,” Miglino added. “Our global and diverse BIGtoken subscriber base experienced viral growth in April and reached 15.9 million users as of this week. During the third quarter, we began to monetize our BIGtoken users, as we engaged with brands and several marketing agencies.”
Miglino said that SRAX is now focused on increasing scale within certain data segments in specific countries. SRAX recently signed a joint venture with the Yash Birla Group to launch BIGtoken in India. The Yash Birla Group, based in Mumbai, is one of the country’s largest conglomerates, with diversified interests in consumer and industrial products (http://nnw.fm/T0mY3).
“Through building what we predict will be one of the most valuable opt-in data sets in the world, we are well positioned to generate long-term revenue and value for shareholders,” Miglino concluded.
For more information, visit the company’s website at www.SRAX.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Neutra Corp. (NTRR) CEO Sydney Jim Discusses Pain Management, CBD Purity and Becoming Vertically Integrated in the Hemp Industry

  • The company’s CEO discussed NTRR’s strategic acquisition of hemp retail brand Vivis and hemp cultivator J3 Holdings
  • Neutra Corp. plans to finish building and lab improvements to J3 Holdings in 2019
  • The company’s focus is on CBD as an option to treat types of chronic pain
  • CBD sales in the U.S. are projected to exceed $20 billion by 2024
Texas-based Neutra Corp. (OTCQB: NTRR) is expanding into hemp cultivation and purified hemp extract products. Its CEO, Sydney Jim, discussed the company’s operations and objectives in an exclusive interview with NetworkNewsWire (http://nnw.fm/7wSXR). Jim, a former professional tennis player, emphasized the company’s motivation to help the next generation of athletes with pain management. During the interview, he talks about dealing with pain, not only as a former professional athlete but, on an occasion as recent as last year, when he suffered multiple severe injuries and broken bones as a result of an accident.
Jim knows the benefits of hemp-based products first-hand, and CBD may offer an option for treating different types of chronic pain. A study cited by Harvard University showed that CBD applied on the skin could help lower pain and inflammation due to arthritis (http://nnw.fm/FaE7x). Other research demonstrated the mechanism by which CBD inhibits inflammatory and neuropathic pain – two of the most difficult types of chronic pain to treat.
Neutra Corp.’s goal in 2019 is to become vertically involved in the hemp market, from cultivation to formulation of products and distribution for retail sales in an ever-growing market. Leading cannabis researchers BDS Analytics and Arcview Market Research project that the collective market for CBD sales in the U.S. will surpass $20 billion by 2024, forecasting a 49 percent compound annual growth rate across all distribution channels (http://nnw.fm/jCSO8).
Neutra’s interests go above and beyond profit. “Most of our focus, obviously, is in our quality and potency of our products, because there is a vast difference between very cheap products and quality products,” Jim said in the interview. It takes a lot of time to extract CBD and make sure only the best quality is made available, which is why those particular products are relatively expensive, Neutra Corp.’s CEO added.
Jim also talked about the company’s strategic acquisition of Vivis, a hemp retail brand with which the Neutra CEO has personally worked. Vivis’ extracts are certified by a third-party lab to ensure their quality. Each Vivis product comes with a certificate of analysis as proof of quality, Jim explained.
Neutra Corp. also aims to finish the building and lab improvements of hemp cultivator J3 Holdings, for which the company recently submitted a letter of intent. J3 Holdings owns a lot of land where hemp can be cultivated, as well as a warehouse – assets that are expected to increase Neutra Corp.’s value. In September, Neutra Corp. plans to “finalize the equipment going in there (J3 Holdings) and wrap the financing up to hit the ground running in 2020.”
On a final note, the company’s CEO expressed his hope of bringing Vivis and J3 together to strengthen Neutra’s market infiltration while helping it become a vertically integrated company with both a strong market presence and an established brand that’s known for the superiority of its product and its commitment to quality.
For more information, visit the company’s website at www.NeutraInc.com
NOTE TO INVESTORS: The latest news and updates relating to NTRR are available in the company’s newsroom at http://nnw.fm/NTRR
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
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Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Rolls Out Online Sales of Discrete Powdered Formulation of CBD-Rich Hemp Oil

  • Lexaria Bioscience is an innovator in the field of bioavailable lipophilic active compounds, and it is working to make consumption of certain products through oral ingestion a viable alternative to inhalation
  • A particular focus of the company’s technology is to ensure that cannabinoids can enter the blood stream at speeds comparable to smoking and can be used in a discrete manner
  • Cannabis-infused beverage sales are expected to surpass $1.4 billion by 2024, marking a nearly 15-fold increase over 2018 levels
Drug bio-delivery technology innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has launched online commercial delivery of the cannabis industry’s most advanced water-soluble multi-spectrum hemp oil in a powdered format, making high-quality hemp oil with cannabidiol (CBD) readily available to meet the beverage infusion needs of consumers in the United States.
The company’s August 22 announcement (http://nnw.fm/Ql3vI) states that its ChrgD+ product is powered by Lexaria’s proprietary DehydraTECH(TM) technology for rapid CBD delivery to the user’s bloodstream within 15 minutes – sometimes as fast as two minutes in lab testing.
The rapid bio-delivery of CBD through DehydraTECH provides an avenue for safer, less conspicuous consumption of CBD than inhaling it through smoke or vapor during a critical time when social acceptance of cannabis products is exploding age-old prohibitions but many legislative entities continue to struggle with regulatory issues on behalf of the public welfare.
ChrgD+ has been available in a limited number of retail stores throughout the western United States, but the announcement that it is now available via commercial web delivery to locations where it can be legally consumed means that anyone has the potential to obtain it through the website www.ChrgD.life without having to travel. Limited-time promotional offers and product updates are also available through the site.
Each serving of ChrgD+ weighs just two grams, making it easy for a consumer to carry multiple servings in a shirt pocket or athletic wear while on the go. The multi-spectrum oil-based powder can be poured innocuously into any hot or cold beverage, and every package contains a manufacturing batch code that makes it simple for consumers to browse lab test results for the actual potency of the package’s ingredients (which contain no THC) as part of Lexaria’s push for transparency.
DehydraTECH technology provides the added benefit of gently removing unpleasant cannabis flavors, so ChrgD+ is able to avoid the artificial flavors or sweeteners that other products may use to mask the strong flavors and aromas inherent to hemp oil.
These innovations are examples of Lexaria’s ongoing mission to enhance the “speed of action, flavor and gastro-intestinal delivery of orally-administered products,” particularly those that utilize cannabinoids, nicotine and ibuprofen.
Zenith Global’s industry analysts predict that the U.S. market for cannabis- and hemp-infused drinks will reach more than $1.4 billion by 2024, almost 15-times the 2018 level, as part of an overall trend toward life-enhancing practices that focus on alternatives to traditional medicines and recreational products, including alcoholic beverages and tobacco products (http://nnw.fm/L9w6E).
With the federal legalization of edible cannabis products only a month away in Canada, Lexaria is also preparing to roll out DehydraTECH-licensed products in collaboration with alcohol-free beer, wine and adult format beverage maker Hill Street Beverage Company Inc. (TSX.V: BEER) on a first-time business-to-business (B2B) basis between Canada’s licensed producers and other businesses licensed by Health Canada to make cannabis-infused edibles. The as-yet unnamed new brand will feature processed tetrahydrocannabinol (THC) and/or CBD powder from cannabis or its less chemically psychoactive hemp variant as part of the companies’ efforts to build production in a new market space.
For more information, visit the company’s website at www.LexariaBioscience.com
NOTE TO INVESTORS: The latest news and updates relating to LXRP are available in the company’s newsroom at http://nnw.fm/LXRP
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Builds Multistate Assets Portfolio as US Cannabis Market Heads for $50 Billion

  • The U.S. cannabis market is racing along at a 25 percent CAGR
  • Nabis Holdings recently issued a letter to shareholders
  • The company has appointed an independent director
Based in Vancouver, Canada, Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) is targeting positive cash flow and strategic assets in the cannabis space, both in the United States and abroad. Nabis already has investments in Arizona, California, Michigan and Washington and is looking to expand its portfolio to include four to five more states in the next three to four months.
Nabis is headed by two industry veterans who exited another firm after receiving one of the largest takeover offers in the North American industry. The team seems set for a repeat performance in the burgeoning legal cannabis market, which is expected to grow at a CAGR of 24.9 percent from 2017 to 2025 (http://nnw.fm/30axE). Such growth would swell the market to around $50 billion by 2025.
Nabis is headed by Shay Shnet and Mark Krytiuk, two executives with a proven pedigree in the cannabis space. The pair are co-founders of MPX Bioceutical Corporation, which merged with iAnthus Capital Holdings Inc. (OTCQX: ITHUF) in a deal that valued MPX at C$835 million. Shnet brings 20 years of business experience to Nabis, where he serves as CEO. At MPX Bioceutical, he was vice president of operations and helped build MPX’s portfolio of international cannabis assets. Shnet is adept at sourcing unique opportunities that deal directly with the development, branding, importing, consumer packaging and distribution of a variety of product lines.
Mark Krytiuk is chairman and president of Nabis. Krytiuk garnered five years of experience as the vice president of grow operations for MPX – a position from which he oversaw the production of medical marijuana and pharma-grade products across North America. Krytiuk has been directly involved in the rapid expansion and growth of nine facilities in three different countries, including projects that involved budgets of up to $30 million.
Recently, Nabis issued a letter to shareholders providing a detailed update on the company’s progress and its outlook for the remainder of 2019 and beyond (http://nnw.fm/zLJU1). In Arizona, Nabis has entered into a definitive agreement to acquire 100 percent of the membership units of a fully integrated medical marijuana business licensed under the Arizona Medical Marijuana Act. The acquisition includes a currently operational dispensary that serves 132,000 patients in the Phoenix (Maricopa County) area. This asset has audited 2018 financials of $8.7 million in revenue with gross margins in excess of 50 percent, as well as an estimated $9.0 million in revenue for 2019.
In California, Nabis’ planned acquisition of the Desert Springs dispensary is expected to close in September. This is a positive cash-flow asset that had sales of $5.7 million in 2018 with 47 percent gross margins, and it’s on track for a similar performance in 2019. The city of Desert Hot Springs has approved retail expansion from the current 2,076 square feet to almost double that at 3,977 square feet, resulting in a retail space and production and distribution areas that are all under one roof.
Nabis’ Michigan operations include four retail locations, with two more under definitive agreements set to close in Q4 2019. This retail network will be partially supplied by Nabis’ permitted production and cultivation facility, which will be located in Bangor City, where the company has closed on 22 acres of land. The facility has been granted one production license and 10 cultivation licenses.
In Washington, Nabis has purchased extraction and production equipment in Port Townsend. The company plans to expand the facility to include highly specialized equipment, two new extraction lines, an extraction clean room and a lab facility. As part of that deal, the company acquired licensing rights within Washington state for ‘Chong’s Choice’ brand products, a widely recognized brand in the cannabis space.
In addition, Nabis recently strengthened its board with the appointment of Emmanuel Paul as an independent director (http://nnw.fm/Z1iqp). Paul currently serves as CEO of IndusCann Research, a company focused on the research and commercialization of medical cannabis in India. Prior to that, he was the founding partner of Spartan Wellness Corporation, a unique, veteran-focused, health care service provider specializing in prescribing medical cannabis, as well as providing education and ongoing care.
For more information, visit the company’s website at www.NabisHoldings.com
NOTE TO INVESTORS: The latest news and updates relating to NABIF are available in the company’s newsroom at http://nnw.fm/NABIF
About NetworkNewsWire 
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
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Innovative Drug-Delivery Systems Benefit Patients and Businesses

NetworkNewsWire Editorial Coverage: Drugs play an essential role in treating anything from a mild headache to life-threatening disease — and everything in between. While effectiveness of drugs is what most often captures the spotlight, that effectiveness is closely associated with the drug-delivery technology used, and innovation in this space may have a huge impact on how successful a drug can be.
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) (LXRP Profile) has developed one of the most innovative drug-delivery systems seen in years, a system that can be used to deliver a wide range of drugs in a more palatable and effective way. Seattle Genetics Inc. (NASDAQ: SGEN) is developing anti-cancer drugs whose delivery systems deliver killer treatments directly to harmful cells. Cancer-treatment company Exelixis Inc. (NASDAQ: EXEL) has recently entered into a partnership specifically to develop innovative new drugs. Axsome Therapeutics Inc. (NASDAQ: AXSM) uses a variety of delivery mechanisms to treat illnesses of the central nervous system, including narcolepsy, migraines and depression. Provention Bio Inc. (NASDAQ: PRVB) is focused on immune diseases and has recently seen significant progress in the development of lupus and diabetes drugs.
  • New methods of delivery could make many drugs more effective.
  • The delivery systems can be applied to everything from nicotine to cancer treatments.
  • Investment and outside expertise have helped fuel the companies developing these treatments.
Seeking Innovations in Therapeutics
The search for innovation is vital in any sector but particularly so in health and medicine. While existing products can sometimes be rebranded or improved, the genuinely transformative are focused on saving lives and improving the well-being of patients around the world.
Innovations in bioscience aren’t always dramatic. Some, such as gene therapy or new treatments for viruses, can easily grab the headlines. But other improvements can also make a radical difference to people’s lives, from making treatments more affordable to making medicines more palatable and efficient, allowing patients to complete courses of treatment. Innovative new delivery systems can achieve these goals and are therefore among the most highly sought-after advances by companies in the fields of medicine, biotechnology and even consumer products.
New Approaches to Nicotine
One important area where this type of innovation has been particularly effective is the delivery of nicotine, in which Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is making momentous advances.
Despite public health campaigns and legislative changes, tobacco remains a major health problem around the world. Lung cancer is one of the deadliest cancers and, in 85% of cases, is linked to smoking. Even smokers who get lucky and dodge the cancer bullet pay the heavy costs of addiction, from its expense to distinctive odors and respiratory problems.
Because of nicotine’s addictive quality, many people find it difficult to break the hold tobacco has over their lives, their health and their wallets. Until recently, innovation in the nicotine industry was almost zero, with the creation of nicotine patches and gums having occurred decades ago.
Vaping, by virtue of retaining some of smoking’s ritual and social aspects, has become a popular alternative, but there is great uncertainty over how healthy it is, and only longitudinal studies will allow public-health organizations to find the answer. Lexaria’s nicotine-delivery technology may represent the single largest innovation in the nicotine industry in 30 years.
Lexaria’s DehydraTECH(TM) technology can be used to deliver nicotine in a safer way. By ingeniously combining nicotine with food-grade fatty acids, the patented DehydraTECH technology creates an oral form of nicotine delivery that does not target the lungs and does not cause lung cancer. Neither is the nicotine absorbed as an aerosol — the plague of the ongoing and growing vape epidemic.
And this appears to be only the beginning of where this innovative drug-delivery platform may change the landscape.
A Novel Approach to Drug Absorption
DehydraTECH may be the most novel form of drug delivery discovered in decades. Fatty acids used in the technology mask the smell and taste of the drug and potentially greatly reduce stomach upset. This allows it to be added to all sorts of foods and drinks — oral delivery — without relying on artificial flavors or loads of sugar to mask a drug. This is useful not just for nicotine but for other pharmaceuticals as well.
In addition to covering the smells and tastes associated with drugs, DehydraTECH also improves the delivery of the substances it contains. One of the reasons smoking is so appealing is because there are lower barriers for a drug to enter the bloodstream through the lungs than through the digestive system. Smoking delivers drugs quickly and effectively but in an unhealthy manner. DehydraTECH is also designed to deliver drugs quickly and effectively but in a much healthier method than smoking or vaping.
DehydraTECH is already patented for delivery of a range of substances including nicotine, NSAIDs and many more. As markets for these health and wellness products expand, so will the market for effective delivery systems. As a result, there’s more need than ever for a solution such as DehydraTECH.
Establishing Profitable Relationships
Though a relatively young company, Lexaria has already established positive relationships with companies and investors from the Fortune 500. Lexaria’s technology is being examined and may be put into production by one of America’s largest companies through a R&D and product development agreement and a technology license whereby Lexaria can receive ongoing royalties based on utilization of DehydraTECH.
To boost its expansion efforts, Lexaria has appointed Brian Quigley to its board of directors. Quigley is a former executive at Altria, one of the world’s biggest tobacco companies, where he spent seven years as president and CEO for U.S. Smokeless Tobacco and Nu-Mark, Altria’s innovation company. His experience, knowledge and connections are valuable assets that could make a big difference in Lexaria’s push to demonstrate the value of DehydraTECH both to investors and to customers.
With tobacco consumers as one of Lexaria’s largest target markets for noncombusted nicotine delivery, an ex-tobacco executive is a natural fit. But there’s more to Lexaria’s expansion than investment hunting and careful boardroom choices.
Groundbreaking Research
Lexaria’s growth, like that of any good biotech company, is founded in its R&D program. Through groundbreaking work with the National Research Council of Canada (NRC), Lexaria has improved understanding of what is happening in its technology, down to the molecular level. Rigorous testing, including liquid chromatography high-resolution mass spectrometry and nuclear magnetic resonance, demonstrated that the DehydraTECH process does not create a covalent-bonded new molecular entity (“NME”), and so will not need the extra regulatory screening required for NME’s in Canada and the United States.
Meanwhile, the company has continued to innovate in creating its proprietary technology and to ensure it retains control of its creations. In August, Lexaria received five new granted patents: two in the United States and three in Australia. This brings the company’s total up to 16 patents, all revolving around its DehydraTECH process and the products stemming from it.
Lexaria’s newest patent awards also include — for the first time —granted claims for pharmaceutical applications for treatment of conditions such as heart disease, Alzheimer’s, Parkinson’s, hepatic disease, and alcohol, opioid, nicotine or cocaine addiction, among others. Lexaria appears to have established itself as an noteworthy, up-and-coming player within the biotech industry.
And Lexaria isn’t keeping its revolutionary technology to itself. Instead, the company is licensing DehydraTECH out to other companies, allowing those companies to use the technology to improve delivery of their own drugs and compounds. Eleven licenses have been granted so far, including one to Altria, which will use DehydraTECH in alternative nicotine products, and one to Hill Street Beverages for use in beverages around the world.
Working on Delivery Systems
Delivery systems are a vital component in the drug industry and are highly sought after. They allow treatments to bypass bodily defenses that may treat them as intruders and to more effectively target the site of ailments. That’s why they’re vital to cancer treatments such as those being developed by Seattle Genetics Inc. (NASDAQ: SGEN). The company has been working on antibody-drug conjugate technology, which can deliver cell-killing agents directly to cancer cells. A treatment using this technology was recently approved by the FDA.
Exelixis Inc. (NASDAQ: EXEL) has spent 25 years working on effective cancer treatments. Its industry-leading small molecule chemical compound library, which consists of more than four million discrete drug leads, has been used in the development of three distinct drugs for the treatment of cancer. The company recently entered into an agreement with Aurigene Discovery Technologies Limited to work on cancer medicines with unique action mechanisms.
Axsome Therapeutics Inc. (NASDAQ: AXSM) uses a variety of delivery mechanisms to treat illnesses of the central nervous system including narcolepsy, migraines and Alzheimer’s disease. The company is also working on products to help users quit smoking. Axsome recently began Phase 3 trials of the use of one of its medicines to tackle major depressive disorders and has accelerated trials of a migraine treatment.
For Provention Bio Inc. (NASDAQ: PRVB), the focus is on immune diseases — both preventing and treating them. Provention Bio’s central innovation is to focus on earlier stages of diseases and to tackle them before heavy symptoms set in. The company recently announced clinical trials of a drug targeting lupus and has seen its work on a diabetes drug expedited by the FDA so that treatment will reach patients faster.
Novel delivery systems are creating new drugs to tackle everything from tobacco addiction to cancer relief, and such breakthroughs could be the making of the companies behind them.
For more information on Lexaria, please visit Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP)
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