Become A Featured Company

Lexaria Achieves Breakthrough in $21.8 Billion Smoking Cessation Industry

Ryan Allway

April 24th, 2018

Exclusive, News, Top News

Tobacco use is the leading cause of preventable disease, disability, and death in the United States, according to the CDC, and the same is true for many developed countries. About 40 million Americans still smoke cigarettes and nearly a half a million Americans die prematurely of smoking or exposure to secondhand smoke every year. These trends have given rise to a large and growing smoking cessation industry that could be worth upwards of $20 billion.

Lexaria Bioscience Corp. (OTCQB: LXRP) (CSE: LXX), developer of the DehyraTECH™ platform for improving the bioavailability of active pharmaceutical ingredients (APIs), recently unveiled positive results from its trials involving nicotine, which could pave the way for its entry into the large and growing nicotine replacement industry.

A Large & Growing Market

Smoking may be on the decline across many developed countries, but addiction is rapidly increasing in emerging markets. A growing body of evidence has shown that smoking causes diseases like chronic obstructive pulmonary disease (COPD), asthma, cardiac diseases, and lung cancer, which translates to a high mortality rate. These trends have led to strong demand for innovative nicotine replacement therapy products to help smokers kick the habit.

According to Grand View Market Research, the smoking cessation and nicotine de-addiction market is projected to reach $21.8 billion in size by 2024. These products include nicotine chewing gums and transdermal patches, as well as e-cigarettes, which are projected to see a 19 percent compound annual growth rate over the forecast period. North America represents the largest market with a 35 percent share, but the Asia-Pacific region is the fastest growing market.

There are many different public companies active in the space, including Pfizer Inc. (PFE), GlaxoSmithKline plc (GSK), and Imperial Tobacco Ltd. (IMBBY), which have developed established gum and patch products. Smaller companies have been largely active in the e-cigarette space given the heightened regulatory risk, although this segment remains one of the fastest growing subsets of the nicotine replacement industry.

Lexaria’s Breakthrough

Lexaria Bioscience recently announced positive top-line results upon completion of its first ingestible nicotine in vivo absorption study using its DehydraTECH™ technology. The highlights of the study include a 1,160 percent faster delivery of equivalent peak quantities of nicotine into the bloodstream  (15 minutes vs. 2.9 hours) and lower quantities of key liver metabolites in the bloodstream, suggesting bypass of first pass liver metabolism.

The company’s formulations achieved faster absorption, higher peak absorption, and higher overall quantities of nicotine, on average, in the blood than the concentration-matched control formulations at both 1mg and 10mg per kilogram doses. Furthermore, there were no obvious signs of gastrointestinal distress, such as vomiting or diarrhea, suggesting that treatment options incorporating the technology would be both safe and effective.

“We are very pleased with these topline study findings demonstrating excellent tolerability and substantially faster, more potent and bioavailable absorption of nicotine in an ingestible format with our DehydraTECH™ technology than controls,” said Lexaria President John Docherty. “This data supports further investigation of the many possible benefits of our DehydraTECH™ technology for nicotine delivery with potential both as a nicotine replacement therapy, as well as an alternative product format for regular tobacco users over today’s inhaled options.”

The company’s patented DehydraTECH™ technology is focused on improved delivery methodologies of many commonly used active pharmaceutical ingredients (APIs), such as nicotine. It provides an additional layer of effectiveness that is designed to harmonize with the intellectual property of third parties. As such, the company’s long-term strategy is to partner with leading firms to deliver best-of-class products to existing customers. These topline results with nicotine could open the door to such partnerships with leading nicotine replacement firms.

Looking Ahead

Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) represents a compelling investment opportunity in the biopharmaceutical industry. With its innovative DehydraTECH™ technology, the company is able to improve the bioavailability of a wide range of APIs, which creates a significant opportunity for licensing and partnerships. The most recent results with nicotine could open the door to a $21.8 billion industry that’s ripe for innovation.

For more information, visit the company’s website or download their investor presentation.

Disclaimer 

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://cannabisfn.com/legal-disclaimer/

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.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

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.

Disclaimer: Matters discussed on this website 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. CFN Media Group, 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. CFN Media Group, 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. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, 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/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. 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. CFN Media Group, 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. CFN Media Group, 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. CFN Media Group, 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/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading