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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.
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Lexaria Bioscience Corp. appoints Nelson Cabatuan as Chief Financial Officer to drive long-term growth strategy. Mr. Cabatuan brings over 15 years of corporate finance experience in the life sciences industry, enhancing Lexaria's financial operations and potential use of DehydraTECH platform for therapeutic applications.
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Lexaria Bioscience Corp. announces the initiation of a human pilot study to test the first-ever dissolvable DehydraTECH-GLP-1 oral dose formulation, aiming to revolutionize GLP-1 drug delivery. The study will compare three dose formulations, including a positive control Rybelsus® semaglutide swallowed tablet, DehydraTECH-semaglutide swallowed capsules, and an in-mouth dissolvable DehydraTECH-semaglutide oral tablet. If successful, this innovative delivery method could eliminate the need for painful injections or stomach-upsetting tablets.
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Lexaria Bioscience Corp. announces an 8-week animal study to examine the effects of DehydraTECH-processed GLP-1 and CBD formulations on weight loss and blood glucose control. The study will assess brain absorption delivery enhancement and potential benefits for diabetes treatment.
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Lexaria Bioscience Corp. announces positive results from a study on its DehydraTECH-CBD formulation, showing weight loss and blood glucose reduction in rodents. The company is progressing to a large animal study and has also reported promising results in a human study. Lexaria aims to further investigate the potential benefits of its formulations for weight loss and blood glucose control.
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Lexaria Bioscience Corp. (NASDAQ: LEXX) receives FDA confirmation for IND application, paving the way for a Phase 1b hypertension clinical trial utilizing DehydraTECH-CBD. The milestone achievement demonstrates the technology's efficacy and safety, positioning Lexaria for potential future pharmaceutical commercialization.
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Lexaria Bioscience Corp. successfully closes a registered direct offering, raising approximately $3.6 million for research and development studies, patent costs, and general working capital. The offering includes the sale of 1,558,443 shares of common stock and unregistered warrants to purchase additional shares at a purchase price of $2.31 per share and an exercise price of $2.185 per share, respectively.
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Lexaria Bioscience Corp. announces a registered direct offering and private placement of common stock and warrants, aiming to raise funds for future growth.
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Lexaria Bioscience Corp. has submitted an Investigational New Drug application with the FDA for its U.S. phase 1b hypertension clinical trial of DehydraTECH-CBD. The company has successfully sponsored five human clinical studies, showing significant reductions in blood pressure. The FDA has a 30-day review period before the trial can commence, and Lexaria is eager to start pending funding.
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Lexaria Bioscience Corp. CEO Chris Bunka provides an annual letter to stakeholders, discussing the challenges faced in 2023 due to capital market conditions and the positive advancements made by the company. Despite the decline in stock price, Lexaria managed to raise capital to fund operations and maintain its Nasdaq listing. The company also welcomed new shareholders and filed a Form S-8 Registration Statement to register additional shares under the Incentive Equity Plan.
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Lexaria Bioscience Corp. announces an extensive planned research program to evaluate the DehydraTECH drug delivery platform for GLP-1 drugs, aiming to support potential commercial partnerships. The program includes human and animal studies on semaglutide, liraglutide, and tirzepatide, with the goal of improving oral delivery and stability of these drugs. The company aims to address the market need for enhanced performance and broader oral delivery of GLP-1 drugs, as well as to determine the commercial applicability of DehydraTECH to these drugs.
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FAQ
What is the current stock price of Lexaria Bioscience Warrant (LEXXW)?
The current stock price of Lexaria Bioscience Warrant (LEXXW) is $0.8 as of December 24, 2024.
What is Lexaria Bioscience Corp. known for?
Lexaria Bioscience Corp. is known for its patented drug delivery technology, DehydraTECH, which enhances the absorption of active pharmaceutical ingredients.
In which segments does Lexaria operate?
Lexaria operates in four main segments: Intellectual Property Licensing, B2B Production, Research and Development, and Corporate.
What are the key benefits of DehydraTECH?
DehydraTECH has shown to increase bio-absorption, reduce onset times, and mask unwanted tastes of active pharmaceutical ingredients.
What is the main goal of Lexaria Bioscience Corp.?
Lexaria aims to revolutionize drug delivery methods and improve outcomes through ongoing research and innovation.
How does DehydraTECH impact drug delivery across the blood-brain barrier?
DehydraTECH has evidenced an ability to deliver some drugs more effectively across the blood-brain barrier, which is crucial for centrally active compounds.
What is the significance of Lexaria's intellectual property portfolio?
With 43 patents granted worldwide, Lexaria's intellectual property portfolio plays a key role in supporting its future business objectives.
Who owns and manufactures GLP-1 drugs like Rybelsus and Ozempic?
GLP-1 drugs like Rybelsus and Ozempic are owned and manufactured by Novo Nordisk.
What is the focus of Lexaria's ongoing research?
Lexaria's ongoing research aims to validate the effectiveness of DehydraTECH in delivering various active pharmaceutical ingredients orally and improving tolerability.
How does Lexaria plan to enhance the delivery of tirzepatide in its latest Study?
Lexaria's latest Study aims to evaluate the absorption and effectiveness of DehydraTECH-processed tirzepatide in an oral dosage format, potentially offering improved tolerability and measurable drug levels in the bloodstream.
What sets Lexaria Bioscience Corp. apart from other innovators in drug delivery platforms?
Lexaria's focus on enhancing drug absorption, reducing onset times, and addressing taste issues sets it apart as a leading innovator in drug delivery platforms.
Lexaria Bioscience Corp. Warrant