TEL AVIV, Israel and BETHESDA, Maryland, April 18, 2018 /PRNewswire/ --
"Our aim is to build the intellectual property necessary to personalize cannabinoid diagnostics and treatment for cancer patients," said Dr. Eyal Ballan, Cannabics co-founder and chief technology officer. "We are compiling data that demonstrates that cannabinoids are not only effective in treating the symptoms of cancer and its therapies, but also in fighting the cancer itself. The patent from the State of Israel is an important step towards leveraging the necessary technology to bring underutilized cannabinoids into mainstream medicine."
Data compiled from the patented technology will provide valuable insight into personalized treatments for cancer patients and will support the discovery of new, active pharmaceutical ingredients for specific cancers. Ultimately, the data could allow practitioners to precisely tailor cannabinoid therapies to an individual patient's profile and type of cancer.
Over $100 million was invested in licensing Israeli medical marijuana patents over the past two years, and the global market for medical marijuana is estimated to reach $50 billion by 2025. Cannabics anticipates this significant patent will be the first in a family of patents granted in additional countries and territories, including the United States, Australia, Brazil, Canada, China, Europe, Japan, Mexico, and South Africa.
About Cannabics Pharmaceuticals
Cannabics Pharmaceuticals Inc. (OTCQB: CNBX) is a United States-based public company that is developing cannabinoid diagnostic tests for the personalized treatment of cancer. Cannabics is developing a blood test that Fallows practitioners to precisely tailor medical cannabinoid-based therapies to an individual patient's profile and cancer. Cannabics' approach can also be used to develop cannabinoid-based therapies as preventive or primary cancer treatments - not just palliative, the way it's being used now. By developing tools to assess effectiveness on a personalized basis, Cannabics is helping to move medical cannabinoids into the mainstream of cancer therapies.
The company's R&D is based in Israel, where it is licensed to conduct scientific and clinical research on harnessing the therapeutic properties of cannabinoid formulations. For more information, please visit http://www.cannabics.com.
Certain statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on April 6th, 2018. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.
Finally, the investing public is reminded that the only announcements or information about Cannabics Pharmaceuticals Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source.
For further information, please contact: Liz Crumpacker Antenna Group +1-646-494-7482 firstname.lastname@example.org
SOURCE Cannabics Pharmaceuticals Inc.
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