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Lexaria Bioscience Corp. (NASDAQ:LEXXW) is a global innovator in drug delivery platforms known for its patented drug delivery technology, DehydraTECH. DehydraTECH enhances the absorption of active pharmaceutical ingredients, such as cannabinoids and nicotine, by promoting more effective oral delivery. The technology has shown to significantly increase bio-absorption, reduce onset times, and mask unwanted tastes. Lexaria operates in four main segments: Intellectual Property Licensing, B2B Production, Research and Development, and Corporate. With a robust intellectual property portfolio and ongoing research, Lexaria aims to revolutionize drug delivery methods and improve outcomes.
Lexaria Bioscience Corp. (Nasdaq:LEXX)(Nasdaq:LEXXW) announces the appointment of Gregory Downey as the new Chief Financial Officer effective April 15, 2021. Downey, previously the Company's Controller, brings over ten years of CFO experience and will be compensated with a CDN$144,000 annual salary, a 10% increase, and stock options. The Company also plans to issue 300,000 share purchase warrants to third-party consultants, exercisable until April 16, 2024, at US$9.00 per share. Lexaria continues to advance its DehydraTECH technology for improved drug delivery.
Lexaria Bioscience Corp. (NASDAQ:LEXX) announced that its client Amari Corp.'s "Everyday Calm" CBD product was recognized as a Top CBD Product Pick by New Hope Network during the Natural Products Expo 2020. This accolade underscores the effectiveness of Lexaria's DehydraTECH technology, which enhances CBD delivery for improved consumer satisfaction. The DehydraTECH platform demonstrates a potential increase in bio-absorption by up to 10x, essential for the growth of CBD products in retail. Lexaria aims to expand the reach of its technology across multiple product formats.
Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) announced its largest-ever R&D initiative for 2021, targeting four drug markets with a potential value of $87 billion. The studies will focus on enhancing delivery systems for NSAIDs, THC, nicotine, and sildenafil using the DehydraTECH technology. Key market insights include the NSAID market expected to grow to $24.4 billion by 2027 and the cannabis market projected at $40.6 billion by 2024. These initiatives aim to improve drug absorption and speed, with test articles scheduled for manufacturing and dosing in the coming months.
Lexaria Bioscience Corp. (NASDAQ:LEXX, LEXXW) announced successful stability testing for its DehydraTECHTM CBD-infused beverages, revealing a remarkable 93.4% potency retention one year post-production. This ensures excellent microbial purity and consistent CBD distribution without physical mixing, addressing common beverage degradation challenges. The technology, which significantly enhances cannabinoid absorption, is poised for broader applications, and Lexaria continues its industry leadership in innovative drug delivery systems.
Lexaria Bioscience Corp. (NASDAQ:LEXX, LEXXW) is advancing its hypertension research and development program, which includes three human clinical studies and two animal studies, alongside two antiviral drug evaluations. CEO Chris Bunka will present at the Benzinga Biotech Small Cap Conference on March 24, 2021, at 9:45 AM ET, detailing the company's DehydraTECH drug delivery technology aimed at improving the bio-absorption of active pharmaceutical ingredients. Lexaria holds 18 granted patents and approximately 60 pending, positioning itself strongly in the biotech sector.
Lexaria Bioscience Corp. (NASDAQ:LEXX, LEXXW) reports progress in two of four planned antiviral studies using its DehydraTECHâ„¢ technology targeting SARS-CoV-2. The studies assess the effectiveness of enhanced formulations of antiviral drugs, including Remdesivir, in animal and human cell cultures. Results from the animal study (VIRAL-A20-2) are expected by late May, while human cell evaluations (VIRAL-C21-3) will commence in April, with results anticipated in June. The entire research initiative is fully funded and aims for regulatory approvals and commercial partnerships.
Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) has announced advancements in five studies investigating DehydraTECHTM CBD as a treatment for hypertension. This includes three human clinical trials and two animal studies. The studies aim to evaluate CBD's absorption rates and its potential effects on blood pressure. Initial results from animal studies are expected by May, while human trial findings are anticipated by September. Lexaria, holding 18 international patents, aims to leverage these studies for potential commercial opportunities in the $28 billion annual hypertension market.
Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) has expanded its hypertension R&D program, now including three human clinical studies and two animal studies to assess the effectiveness of DehydraTECH-processed CBD. CEO Chris Bunka will present at the 33rd Annual Virtual ROTH Conference from March 15-17, 2021, discussing the innovative DehydraTECH drug delivery technology that enhances bio-absorption of active pharmaceutical ingredients. The conference will host numerous companies and attract over 5,000 attendees, presenting a unique opportunity for investors.
Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) has expanded its 2021 hypertension research program, now consisting of five studies aimed at evaluating DehydraTECH-processed CBD. This includes three human clinical studies (HYPER-H21-1, HYPER-H21-2, HYPER-H21-3) and two animal studies (HYPER-A21-1, HYPER-A21-2). The studies are designed to assess the efficacy of CBD on blood pressure, with initial dosing expected in early March. Lexaria aims for growth through partnerships in the hypertension and CBD pharmaceutical markets, supported by their robust patent portfolio.
Lexaria Bioscience Corp. (NASDAQ:LEXX, LEXXW) has appointed Al Reese, Jr. to its Board of Directors. With over 40 years of experience, including CFO of a Nasdaq-listed energy company, Reese brings substantial financial expertise. His background includes $10 billion in finance transactions and significant roles in investor relations. In addition, Lexaria reported that its recent NIH application was not prioritized, making funding unlikely. However, the company reassured investors that core R&D objectives remain fully funded, emphasizing resilience in its ongoing operations.
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