Cannabis Technologies Begins Phase I Clinical Trial for Glaucoma


Ryan Allway

June 24th, 2014

News, Top Story


[stockchart symbol=CANLF]

Cannabis Technologies Inc. [stockquote symbol=CANLF] (CSE: CAN), a biopharmaceutical drug discovery and development company focused on the pharmacology and therapeutic potential of cannabinoids, recently announced the commencement of a Phase I clinical trial to evaluate the safety and efficacy of CTI-085 topical cannabinoid for the treatment of glaucoma.

“Our objective was to develop a safer, cannabis-based topical anti-glaucoma formulation without systemic side effects,” said Cannabis Technologies Inc. Chief Science Officer Dr. Hossain. “We are pleased to have successfully completed our preclinical trials which are in the process of the clinical development of the formulation.”

CTI-085 is a topical compound consisting of both cannabinoids and non-cannabis based active ingredients for the treatment of glaucoma. After 12 months of discover and preclinical trials, the treatment showed efficacy in lowering intraocular pressure (“IOP”) in animal models, which management attributes to cannabis’ IOP lowering effects, without any significant safety concerns on the surface.

“The successful discovery and development of CTI-085 demonstrates to the market that our proprietary Cannabinoid Drug Design Platform can successfully identify treatments within our proposed target areas,” said President and CEO Craig Schneider. “We are looking forward to the continuation of expanding our product pipeline through the utilization of our platform technology.”

The ophthalmic drug market is expected to grow from $16 billion in 2012 to $21.6 billion by 2018 as the population continues to age. The global market is witnessing significant growth due to the increasing prevalence of eye disorders like diabetic retinopathy and macular degeneration. Increasing spending on healthcare could also drive the market for such treatments higher over the long-term.

In addition to ophthalmology, the company is targeting cancer, angiogenesis, inflammation, and pain markets worth billions per year.

Shares of Cannabis Technologies Inc. fell 4.25% in early trading on Tuesday, June 24, 2014 following the news.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.



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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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