Lexaria Bioscience Corp. - LEXX STOCK NEWS

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.

Lexaria Bioscience Corp. (NASDAQ:LEXX, LEXXW) has launched study DIAB-A22-1 to explore the therapeutic potential of its DehydraTECH-processed CBD for diabetes. The research involves 32 male Zucker rats over 56 days to assess weight gain, blood glucose, cholesterol, and triglyceride levels. Lexaria's technology has previously shown promise in hypertension. The diabetes market is significant, with global device and drug markets estimated at $26.7 billion and $63.1 billion, respectively. Results from the study are expected in early January 2023.

Lexaria Bioscience Corp. (Nasdaq:LEXX, LEXXW) announced IRB approval for its upcoming human clinical study NIC-H22-1, comparing its DehydraTECH-nicotine pouch to leading brands ON! and Zyn. The 36-person study will evaluate various metrics, including nicotine absorption and user experience. Previous studies indicate DehydraTECH technology may enhance nicotine delivery, achieving up to 20x faster absorption. With the oral nicotine pouch market projected to grow from $2.33 billion in 2020 to $21.84 billion by 2027, Lexaria aims to capitalize on this trend with its patented technology.

Lexaria Bioscience Corp. (Nasdaq: LEXX, LEXXW) announced positive results from its human clinical study HYPER-H21-4, demonstrating significant and sustained blood pressure (BP) reductions in hypertensive patients using its DehydraTECH-CBD formulation. Key findings include an average systolic BP reduction of up to 7.01 mmHg over five weeks, with no serious adverse events reported. The study suggests potential additive BP lowering effects for patients on standard medications. Lexaria plans to advance into a Phase Ib clinical study with the U.S. FDA.

Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) announced the appointment of Dr. Catherine Turkel to its board of directors, enhancing its leadership at a pivotal time. Dr. Turkel brings over 20 years of experience in the pharma and biotech sector, notably leading global drug development programs. Her expertise in regulatory strategy and commercial planning, particularly with Allergan's BOTOX program, is expected to advance Lexaria's DehydraTECH technology, which enhances the delivery of active pharmaceutical ingredients. Lexaria is positioned for continued growth following a successful pre-IND meeting with the FDA.

Lexaria Bioscience Corp. (Nasdaq:LEXX, LEXXW) announced the granting of its 27th international patent in Mexico under registration #390001. This patent is part of Lexaria's third patent family, covering Stable Ready-to-Drink Beverage Compositions Comprising Lipophilic Active Agents, which has also received recognition in Australia, India, and Japan. The patent allows the use of DehydraTECH-processed non-psychoactive cannabinoids to treat various disorders, including hypertension and neurological diseases. Lexaria continues its regulatory pursuit for DehydraTECH-CBD in pharmaceutical applications.

Lexaria Bioscience Corp. (Nasdaq:LEXX, LEXXW) recently provided insights on third-party valuation methods for biotech firms. Highlighting the lengthy and costly drug development process, the company noted that its DehydraTECH-CBD program is advancing through FDA's clinical research phase. Valuation metrics show significant potential for drugs in different clinical trial phases, with estimated valuations of $88 million, $248 million, and $1.12 billion at the start of Phase I, II, and III, respectively. Lexaria indicated that pursuing the FDA's 505(b)(2) regulatory pathway could enhance approval prospects.

Lexaria Bioscience Corp. (NASDAQ: LEXX) announced a new broadcast titled, "The Power of Science to Stop a Killer," focusing on its patented drug-delivery technology, DehydraTECH(TM). This innovation enhances the absorption of active pharmaceutical ingredients (APIs), potentially addressing the global anti-hypertensive market, valued at $24.17 billion in 2020 and projected to reach $27.81 billion by 2025. Hypertension contributes to significant healthcare costs, estimated at $131 billion annually in the U.S., with over 670,000 related deaths in 2020.