Innocan Pharma Expands Patent Reach in Asian Markets for CBD
Innocan Pharma's Expansion in Asian Markets
Innocan Pharma Corporation, a key player in the pharmaceutical and biotechnology arenas, has taken significant strides in its efforts to expand its intellectual property coverage for its innovative liposomal CBD injection. This strategic development focuses on the expansive Asian pharmaceutical market, particularly highlighting its recent endeavors in China, which boasts a staggering US$163 billion medicine spending market.
Advancements in Intellectual Property Protection
Recently, Innocan filed a divisional application for its groundbreaking liposome-based CBD technology patent in China. This follows the company's success in securing a patent in India for a prolonged-release pharmaceutical formulation that utilizes liposomes to encapsulate CBD effectively.
The patent filing signifies Innocan's dedication to enhancing its intellectual property portfolio, aligning it with long-term global business strategies. With the demand for innovative healthcare solutions growing in Asia, Innocan aims to establish a strong foothold in this rapidly expanding market.
Technological Innovations in CBD Delivery
The heart of Innocan's advancement lies in its synthetic CBD-loaded Liposome Injection Platform (LPT-CBD). Developed in collaboration with esteemed researchers from the Hebrew University in Jerusalem, this platform emphasizes prolonged exposure to CBD, maximizing its therapeutic effects and bioavailability. This innovative approach caters to chronic pain management without relying on opioids, addressing a critical healthcare challenge.
Iris Bincovich, the Chief Executive Officer of Innocan, expressed enthusiasm about the recent patent filing in China. "A robust global patent strategy is essential for us to support our broader business goals, particularly within the dynamic Asian market," she stated. This sentiment underscores Innocan's commitment to leading advancements in cannabinoid therapies.
Positive Impact on Chronic Pain Management
Dr. Eyal Kalo, the Vice President of R&D at Innocan, highlighted the significance of LPT-CBD, stating it demonstrates sustained pharmacokinetics and has shown efficacy in multiple animal models of chronic pain. The team's relentless effort to innovate and perfect this technology has been instrumental in cementing Innocan's position as a frontrunner in the sector.
Funding for Future Growth
Innocan also announced its intention to undertake a non-brokered private placement, aiming to raise CAD $150,000 through the issuance of 833,333 units. Each unit will consist of one common share and a purchase warrant, enhancing the company's financial flexibility to support operational needs and future innovations.
The proceeds from this offering will primarily contribute to working capital and cover general corporate expenses, allowing Innocan to navigate the complexities of the pharmaceutical market more effectively.
About Innocan Pharma
Innocan Pharma stands at the forefront of innovation in both the pharmaceuticals and wellness sectors. It has developed a cutting-edge CBD-loaded liposome drug delivery platform. This ensures precise dosing and controlled release, catering to the increasing demand for non-opioid pain management solutions.
Additionally, Innocan markets a diverse range of high-quality self-care and beauty products, promoting a healthier lifestyle. The company’s strategic focus on advanced online sales through its BI Sky Global Ltd. subsidiary highlights its commitment to reaching consumers effectively in a digital marketplace.
Contact Information
For further inquiries regarding Innocan Pharma Corporation, please reach out to the following:
Iris Bincovich, CEO
Contact Numbers:
+1 5162104025
+972-54-3012842
+442037699377
Frequently Asked Questions
What is Innocan Pharma's primary business focus?
Innocan Pharma specializes in innovative pharmaceutical solutions, primarily through its CBD-loaded liposome drug delivery platform.
Why is the patent in China significant for Innocan?
The patent in China represents a critical step in establishing Innocan's presence in one of the world's largest pharmaceutical markets, aligning with global business expansion goals.
How does LPT-CBD work?
LPT-CBD is designed for prolonged exposure to CBD, enhancing its therapeutic effects and bioavailability, which is crucial for effective chronic pain management.
What are the plans for the private placement?
Innocan plans to offer 833,333 units at CAD $0.18 each, raising approximately CAD $150,000 to support operational growth and product development.
What is Innocan Pharma's commitment to wellness?
The company also focuses on developing high-performance self-care and beauty products to promote healthier lifestyles among its consumers.
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