Rapid Therapeutic Science Laboratories Updates Patents
Rapid Therapeutics Science Laboratories (OTC: RTSL) has transitioned three proprietary pharmaceutical grade patents from provisional to non-provisional status, focusing on inhalation formulations of CBD and CBG. CEO Donal R. Schmidt, Jr. anticipates FDA approval for these products via pressurized metered dose inhalers. Previously, RTSL marketed these cannabinoids but shifted its strategy towards research and regulatory approval. Further patent applications, including THC-based inhalants, are expected soon. RTSL emphasizes ongoing FDA compliance and product development, continuing its commitment to biopharmaceutical innovation.
- Transitioned three patents to non-provisional status.
- CEO anticipates FDA approval for inhalation products.
- Plans to announce additional cannabinoid patent applications.
- RTSL previously marketed CBD and CBG but had to remove them to focus on research.
- CBD is not FDA-approved for human or animal consumption.
DALLAS, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Rapid Therapeutics Science Laboratories (OTC: RTSL) ("Rapid Therapeutic" or the "Company"), a growth-oriented aerosol manufacturing company focused on natural relief innovations through trusted aerosol delivery, announces today that it has moved three (3) proprietary pharmaceutical grade patents from provisional to non-provisional status.
Donal R. Schmidt, Jr. CEO states: “All three patent applications are specially designed for inhalation of CBD and CBG with the expectation they will eventually be approved by the FDA for delivery in a pressurized metered dose inhaler (pMDI).” RTSL previously marketed both CBD and CBG delivered in MDI through pharmacies and physicians before removing them from the public market to focus on research and FDA approval of its inhaled products.
RTSL expects to announce additional patent applications of pharmaceutical grade cannabinoids in the next few weeks; including but not limited to, blends and THC based inhalants which are in the research only phase.
About Rapid Therapeutic Science Laboratories, Inc. (OTC Pink: RTSL)
RTSL is a biopharmaceutical company that is focused on natural relief innovations through trusted delivery. As a part of its applied aerosol technology with biologics, RTSL has developed a new method of formulating and manufacturing pressurized metered dose inhalers (pMDI) that contain and properly aerosolize proprietary formula of one or more patent pending pharmaceutical grade cannabinoid compounds. RTSL is committed to continued pharmaceutical research and development on biologics and using its applied aerosol technology. The company is preparing to file an investigational new drug application (IND) with the FDA for its CBD MDI.
Although legal for consumption in many states, CBD is not yet approved by the FDA for human or animal consumption except as a drug in prescription medication. CBG is considered a supplement. THC is federally illegal and can only be researched at a licensed institution. It is not available for human testing without Federal approval.
We encourage all individuals to do their own research regarding cannabinoids, the use of MDI and our other products. Always consult a physician prior to using any cannabinoid product. RTSL makes no therapeutic claims regarding its products, the use of its products, or any results which can be obtained from using its products. None of our products are intended to diagnose, treat, cure, or prevent any disease. If you experience any adverse reaction of any non-psychotropic cannabinoid, stop use immediately and seek appropriate medical attention. RTSL’s products are not approved by the FDA or under the Food Drug & Cosmetics Act (FD&C Act). Our products contain zero THC. Visit our corporate website at www.rtslco.com.
Forward-Looking Statements
This press release may contain forward-looking statements. In particular, when used in the preceding discussion, the words “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions are intended to identify forward-looking statements. Any statements made in this news release, including statements related to the closing of the offering, other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of RTSL, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in filings made by RTSL with the Securities and Exchange Commission, including, but not limited to, in the “Risk Factors” sections in its Form 10-Ks and Form 10-Qs and in its Form 8-Ks, which we have filed, and file from time to time, with the U.S. Securities and Exchange Commission. These reports are available at www.sec.gov.
Other unknown or unpredictable factors also could have material adverse effects on RTSL’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements which include, among others, statements related to the closing of the offering, the timing of the filing of patent applications, the failure to obtain patents for our products and processes, the costs associated therewith, a delay in, or the failure of, our filing of the planned IND, or the failure of the FDA to approve the IND, the outcome of studies, the planned timing of product availability, the demand for such products, and our ability to produce significant quantities of such products.
The forward-looking statements included in this press release are made only as of the date hereof. RTSL cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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FAQ
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