- Patented technology promotes healthier administration of active pharmaceutical ingredients, including cannabidiol (CBD), psychoactive cannabinoids (THC), nicotine, fat soluble vitamins and nonsteroidal anti-inflammatory drugs
- Active pharmaceutical ingredient market expected to exceed $239 billion by 2025
- 19 patent applications filed in U.S. and internationally encompassing 44 countries
- Lab tests in 2018 include topical CBD skin cream, nicotine in edible formats
Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) is a research-driven company that has developed and out-licenses a patented drug delivery platform called DehydraTECH™ that changes the way active pharmaceutical ingredients (“APIs”) enter the body orally. According to a new report by Million Insights (http://cnw.fm/fGid9), the global API market is anticipated to reach $239.8 billion by 2025, with a CAGR of six percent. The rising prevalence of chronic health issues such as neurological and cardiovascular diseases are identified as growth factors.
Lexaria recently received a broad-ranging U.S. patent award for DehydraTECH™ as a delivery platform for a wide variety of active pharmaceutical ingredients. The U.S. patent covers all cannabinoids including THC, fat soluble vitamins, non-steroidal anti-inflammatory drugs (“NSAIDs”) and…
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