Welcome to our dedicated page for Lexaria Bioscience news (Ticker: LEXX), a resource for investors and traders seeking the latest updates and insights on Lexaria Bioscience stock.
Lexaria Bioscience Corp. (NASDAQ:LEXX) is a pioneering company in the field of drug delivery technology. The company has developed and patented a unique drug delivery platform known as DehydraTECH™, which enhances the way active pharmaceutical ingredients (APIs) enter the bloodstream through oral delivery. This technology is notable for significantly improving bio-absorption rates, reducing the onset time of drugs, and masking unpleasant tastes.
DehydraTECH™ has demonstrated remarkable efficacy in enhancing the bio-absorption of cannabinoids and nicotine, increasing their uptake by 5-10 times, and in some cases, by as much as 27 times compared to traditional formulations. This technology also shows potential in improving the delivery of certain drugs through the blood-brain barrier, making it particularly valuable for drugs targeting the central nervous system.
The company operates four key segments: Intellectual Property Licensing, B2B Production, Research and Development, and Corporate. Intellectual Property Licensing is the primary revenue generator for Lexaria, leveraging its robust portfolio of 43 granted patents and numerous pending patents worldwide.
Lexaria's recent endeavors include a series of human and animal studies focused on the application of DehydraTECH™ in enhancing the delivery and efficacy of GLP-1 drugs. These drugs, such as semaglutide and tirzepatide, are primarily used for treating diabetes and promoting weight loss. The company has partnered with the National Research Council of Canada (NRC) to investigate the molecular characteristics and performance of DehydraTECH-processed GLP-1 drugs.
The latest human pilot studies have shown promising results, including higher drug delivery and better blood glucose control with fewer side effects. The company is also exploring the use of DehydraTECH™ for other APIs like cannabidiol (CBD), with applications in treating hypertension and epilepsy.
Recent financial activities include a warrant exercise agreement, raising approximately $4.7 million, which bolsters Lexaria's operational runway into 2025. This financial stability allows the company to pursue its aggressive research and development plans.
Lexaria's innovative approach and continuous research efforts position it as a significant player in the drug delivery technology sector, with the potential to form strategic partnerships with leading pharmaceutical companies.
Lexaria Bioscience Corp. (Nasdaq:LEXX)(Nasdaq:LEXXW) has announced the receipt of four new patents, enhancing its intellectual property portfolio globally. In Japan, a patent for Stable Ready-to-Drink Beverage Compositions marks the 5th awarded in the country; in Australia, a patent for Enhanced Delivery of Antiviral Agents becomes the 10th. Canada has allowed a patent for Nicotine Compounds, and the USA has granted a patent for Treating Hypertension, crucial for future FDA applications. These patents underscore Lexaria's commitment to expanding its DehydraTECH technology, vital in the lucrative cardiovascular drugs market projected to grow from US$146.5 billion in 2022 to $173.5 billion by 2026. With these additions, Lexaria's patent portfolio increases to 32 granted patents worldwide.
Lexaria Bioscience Corp. (Nasdaq: LEXX, LEXXW) has completed its diabetes study DIAB-A22-1, demonstrating significant positive effects of DehydraTECH-CBD on obese diabetic rats. Key outcomes include:
- Approximately 7% weight loss over 8 weeks, with treated animals losing weight while untreated animals gained weight.
- Improved metabolic function indicated by stable food and water intake despite weight loss.
- Significant reductions in triglyceride levels, with the lower dose achieving over 25% reduction compared to untreated rats.
- Potential enhancement of activity levels at lower doses of DehydraTECH-CBD.
These findings encourage further investigation into using DehydraTECH-CBD for diabetes treatment.
Lexaria Bioscience Corp. (NASDAQ: LEXX, LEXXW) has announced significant results from its clinical study HYPER-H21-4, which assessed the blood pressure-lowering effects of its DehydraTECH-processed CBD capsules. The study demonstrated a substantial and sustained reduction in blood pressure over five weeks, with no serious adverse events reported. Key findings include a 28.5% decrease in serum catestatin levels and a statistically significant drop in mean arterial pressure. These results suggest that Lexaria's CBD formulation may offer a novel therapeutic approach for managing hypertension, particularly for patients resistant to standard treatments.
Lexaria Bioscience Corp. (NASDAQ:LEXX, LEXXW) has appointed Julian Gangolli, the former President of GW Pharmaceuticals USA, as a Strategic Advisor. Gangolli, known for overseeing the FDA approval of Epidiolex, aims to assist Lexaria in commercializing its DehydraTECH technology. The company is focusing on executing its technology portfolio in 2023. Gangolli's background includes leadership roles at Allergan, further strengthening Lexaria's team. He will receive stock options for 5,000 shares at an exercise price of $2.73. Lexaria's DehydraTECH enhances drug absorption and has 28 patents granted worldwide.
Lexaria Bioscience Corp. (Nasdaq: LEXX, LEXXW) released its annual update, emphasizing resilience amid economic challenges. Despite market declines and rising inflation, Lexaria maintained its workforce and effectively managed expenses, hitting budget targets for two consecutive years. The company is progressing in discussions with several multi-billion dollar firms to license its DehydraTECH technology. Lexaria's 2022 successes include a pre-IND FDA meeting for its hypertension drug and significant institutional investment increases. Looking ahead, Lexaria aims to commercialize DehydraTECH-CBD through FDA trials and strategic partnerships in 2023.
Lexaria Bioscience Corp. (Nasdaq:LEXX)(Nasdaq:LEXXW) announced it received its first granted patent in Canada, marking its 28th globally. The Canadian Patent #3,093,414 pertains to transdermal and dermal delivery methods for cannabinoids, including CBD and THC. This advance opens new pharmaceutical applications and enhances skin-penetration of active ingredients. Past studies demonstrated a nearly 1,900% increase in CBD permeability using Lexaria's technology. The patent underscores Lexaria's innovation in drug delivery and strengthens its intellectual property portfolio.
Lexaria Bioscience Corp. has announced significant results from its clinical hypertension study, HYPER-H21-4. The study showed that Lexaria's DehydraTECH-CBD achieved a 45.8% higher average blood plasma CBD level (33.3 ng/mL) than published pharmaceutical-grade CBD comparators at a lower dosage (3.38 mg/kg). At the highest tested dose of 4.46 mg/kg, this level rose to 53.7 ng/mL, indicating a 141% improvement over previous formulations. CEO Chris Bunka emphasized the importance of these results for patient health outcomes and Lexaria's pursuit of FDA registration for DehydraTECH-CBD.
Lexaria Bioscience Corp. (Nasdaq:LEXX, LEXXW) has initiated dosing in its human clinical study, NIC-H22-1, aimed at evaluating DehydraTECH-nicotine pouches against leading brands ON! and Zyn. This randomized, double-blinded study includes 36 participants and will assess nicotine absorption and subjective experiences. Fully funded internally, the study taps into the rapidly growing oral nicotine pouch market, projected to reach $21.84 billion by 2027. Lexaria recently secured its first patent for DehydraTECH in nicotine delivery, promising competitive advantages in this space.
Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) announces that its patented DehydraTECH-CBD has shown enhanced effectiveness compared to Epidiolex in animal studies. The initial pilot study indicated that at lower doses of 50 mg/kg and 75 mg/kg, DehydraTECH-CBD was more effective than Epidiolex in reducing seizure activity. The secondary study revealed faster onset of action for DehydraTECH-CBD, with effective results observed at 30 and 60 minutes post-dosing. Lexaria plans to continue optimizing DehydraTECH-CBD formulations and conducting further studies to establish definitive dosing metrics.
Lexaria Bioscience Corp. (NASDAQ:LEXX, LEXXW) is set to launch its study program DEM-A22-1 on November 15, 2022, investigating DehydraTECH-processed CBD for potential therapeutic effects against dementia. Previous studies have shown CBD's efficacy in managing hypertension, a risk factor for vascular dementia. The upcoming study will include 32 Long Evans rats and aims to assess cognitive performance through a novel object recognition test. Results are anticipated in April 2023. The dementia treatment market is projected to grow from $15.5 billion in 2021 to $32.3 billion by 2030.
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