NetworkNewsBreaks – Lexaria Bioscience Corp.’s
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Posted On: 09/15/2022 4:56:12 PM
NetworkNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Hypertension Treatment Program Stands Distinct
Lexaria Bioscience Corp. (NASDAQ: LEXX) recently provided information to its stakeholders to help them conveniently research and understand different non-affiliated third-party sources and their methodologies for valuing biotech and pharmaceutical companies. The information includes a discussion of underlying logic-based evaluations that offer a realistic framework of expectations that investors can use in their analysis. “One of the logic-based evaluations considers the stage at which a company’s drug development program has reached. According to the U.S. Food and Drug Administration (‘FDA’), there are five steps to the drug development process: discovery and development, preclinical research, clinical research, FDA drug review, and, finally, FDA post-market drug safety monitoring. However, not more than about 250 of 5,000-10,000 compounds tested during the discovery stage successfully transition to the third step. Against this backdrop, Lexaria stands out, having completed the first two steps with its DehydraTECH-CBD for hypertension treatment,” a recent article reads. “A guide prepared by Bay Bridge Bio notes that a company’s valuation increases as its drug development progresses from phase I through phase III… Considering the FDA’s recent confirmation that it agreed with Lexaria’s proposal to pursue a 505(b)(2) new drug application (‘NDA’) regulatory pathway, an abbreviated pathway, the company’s drug development program for hypertension therapeutics could wend way to a multi-billion-dollar valuation in due course.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Lexaria Bioscience Corp. (NASDAQ: LEXX) recently provided information to its stakeholders to help them conveniently research and understand different non-affiliated third-party sources and their methodologies for valuing biotech and pharmaceutical companies. The information includes a discussion of underlying logic-based evaluations that offer a realistic framework of expectations that investors can use in their analysis. “One of the logic-based evaluations considers the stage at which a company’s drug development program has reached. According to the U.S. Food and Drug Administration (‘FDA’), there are five steps to the drug development process: discovery and development, preclinical research, clinical research, FDA drug review, and, finally, FDA post-market drug safety monitoring. However, not more than about 250 of 5,000-10,000 compounds tested during the discovery stage successfully transition to the third step. Against this backdrop, Lexaria stands out, having completed the first two steps with its DehydraTECH-CBD for hypertension treatment,” a recent article reads. “A guide prepared by Bay Bridge Bio notes that a company’s valuation increases as its drug development progresses from phase I through phase III… Considering the FDA’s recent confirmation that it agreed with Lexaria’s proposal to pursue a 505(b)(2) new drug application (‘NDA’) regulatory pathway, an abbreviated pathway, the company’s drug development program for hypertension therapeutics could wend way to a multi-billion-dollar valuation in due course.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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