Lexaria To Receive Third Patent Granted in Japan; Submits FDA Filing
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Kelowna, British Columbia – TheNewswire - July 14, 2022 – Lexaria Bioscience Corp. (Nasdaq:LEXX) (Nasdaq:LEXXW) (the “Company” or “Lexaria”), a global innovator in drug delivery platforms is pleased to announce the Company has been notified of the allowance of its 26th worldwide patent with a new patent to be granted in Japan.
This is Lexaria’s third patent to be granted in Japan, entitled Lipophilic Active Agent Infused Compositions With Reduced Food Effect. This patent recognizes DehydraTECH’s ability to deliver active pharmaceutical ingredients (“APIs”) more efficiently regardless of the presence of foods within the gastrointestinal system – the so-called “food effect”. Delivering drugs more consistently into the bloodstream regardless of the presence of food in the GI is an important achievement in the quest for more reliable drug dosing.
This is the first patent issued from Lexaria’s seventh patent family and refers to tetrahydrocannabinol (“THC”). Lexaria has patents granted or patent applications progressing in countries around the world with aggregate populations of nearly 4 billion people and will report on further progress as information becomes available.
In additional news, Lexaria has submitted its briefing book to the US Food and Drug Administration (“FDA”). The Company has no further requirements or deliverables related to the pre-Investigational New Drug (“IND”) meeting request announced on June 2, 2022. The FDA has provided a target date of July 30, 2022 for meeting or comments.
About Lexaria Bioscience Corp.
Lexaria Bioscience Corp.’s patented drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting more effective oral delivery. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption with cannabinoids, antiviral drugs, PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 25 patents granted plus the 26th patent allowed; and roughly 50 patents pending worldwide. For more information, please visit www.lexariabioscience.com.
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