- Lexaria’s patented DehydraTECH(TM) technology has proven, in the NIC-A21-1 animal study, to be 10-20 times faster in reaching peak delivery of nicotine to the bloodstream than controls
- The company hopes to affirm this in the NIC-H22-1 human nicotine study as their DehydraTECH-nicotine pouch performance will be compared to existing leading brands currently sold in the United States such as ON! and Zyn
- Lexaria has separately announced new agreements with Altria that will see the company receive a fee to provide certain DehydraTECH powder-based nicotine formulations that Altria will evaluate
- The company hopes that this, coupled with the human clinical study, will confirm that purified nicotine with DehydraTECH leads to better oral tissue absorption and reduced negative experiences relative to existing brands
Lexaria Bioscience (NASDAQ: LEXX) has made a name for itself as a global innovator in drug delivery platforms. Its patented DehydraTECH(TM) technology, promotes fast-acting, less expensive, and more effective oral drug delivery, proven through in vivo, in vitro, and human clinical testing.
So far, Lexaria has filed for patent protection for specific delivery of vitamins, NSAIDs, estrogen, cannabinoids, testosterone, PDE5 inhibitors, and terpenes, among others. However, one product that stands out is nicotine.
Since developing DehydraTECH back in 2014, the company has been pushing for its application to most oral forms of nicotine, including but not limited to tablets, capsules, pouches, sprays, gums, pills, and lozenges. Earlier this year, the company was granted a new Australian patent that recognized DehydraTECH’s superiority in oral nicotine delivery, including in free base nicotine, nicotine salts, polymer resins of nicotine, and other forms of nicotine complexes (https://cnw.fm/hUVAr).
In 2021, Lexaria demonstrated that oral nicotine pouches using DehydraTECH technology were 10 to 20 times faster in reaching peak nicotine delivery to the bloodstream than controls, taking advantage of the new oral nicotine patent award. This animal study NIC-A21-1 showed the technology’s potential, which the company hopes will be affirmed in the NIC-H22-1 human nicotine study set to begin dosing in the summer of 2022 (https://cnw.fm/8cD79).
In another significant milestone for the company’s nicotine field of study, Lexaria announced having entered into new agreements with Altria Client Services, LLC. These agreements will see Lexaria receive a fee to provide certain DehydraTECH powder-based nicotine formulations, which will be evaluated by Altria (https://cnw.fm/k88mg).
With this, coupled with the NIC-H22-1 study, Lexaria hopes to evidence that purified nicotine with DehydraTECH leads to better oral-tissue absorption and reduced negative experiences, particularly when compared to brands that are currently in the market.
In 2018, the global smokeless tobacco products market was valued at $13.6 billion. By 2025, it is projected that this industry will have posted a 7.2% annual growth. Specifically, the global market for oral nicotine pouches stood at $2.33 billion in 2020. Furthermore, it is projected that by 2027, this sector will be valued at $21.84 billion, representing a CAGR of 30.7%.
Lexaria plans to capitalize on this growth and the company’s management is confident that the investments made thus far will pay off significantly as time progresses.
For more information, visit the company’s website at www.LexariaBioscience.com.
NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire is part of the InvestorBrandNetwork.
The post Lexaria Bioscience Corp. (NASDAQ: LEXX) Advances its Human Nicotine Study and Announces New Nicotine Formulation Creation and Evaluation Program with Altria appeared first on CannabisNewsWire.