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Lexaria Bioscience finalizes first phase of research program on DehydraTECH oral nicotine formulation with Altria Ventures

The oral nicotine formulation demonstrated “acceptable” chemical and microbiological stability and saw no issues with throat irritation in oral pouch and chew formats

Lexaria Bioscience Corp. -
The Vancouver-based firm said it was “highly positive” regarding the commercial future of DehydraTECH

Lexaria Bioscience Corp (OTCQX:LXRP) (CSE:LXX) has concluded Phase I of a research program with Altria Ventures Inc that examined oral methods of nicotine delivery.

The research program utilized Lexaria’s patented DehydraTECH technology, which increases bio-absorption by up to 10 times and reduces the time of onset to minutes while masking unwanted taste.

According to the findings, the oral nicotine formulation demonstrated “acceptable” chemical and microbiological stability and saw no issues with throat irritation in oral pouch and chew formats at standard commercial doses.

READ: Lexaria Bioscience applies for grant for coronavirus therapy studies and receives new expanded Health Canada license

The formulation showed no adverse effect on survival or organ weights in a seven-day, repeat-dose acute toxicology study in rats, and no test article-related histopathological tissue findings, the group noted.

The early-stage DehydraTECH formulation formed a unique mixture of nanoparticles without forming a covalently linked, new molecular entity construct upon molecular characterization by Canada's National Research Council (NRC), which Lexaria said should not prevent a Premarket Tobacco Product Application.

"The findings from this Phase I research and development program deliver many valuable insights about our DehydraTECH technology," said Chris Bunka, CEO of Lexaria in a statement. "We are pleased to have concluded the Phase I scientific program and we thank the joint researchers at both Altria and the NRC for their collaboration together with our own scientists."

The Vancouver-based firm said it was “highly positive” regarding the commercial future of DehydraTECH.

Altria agreement

Lexaria and Altria Ventures, a wholly-owned subsidiary of tobacco giant Altria Group Inc (NYSE:MO), first partnered in January 2019 to pursue research in oral, reduced risk nicotine consumer products. Altria is funding a milestone-based research and development program in exchange for a minority equity interest in Lexaria’s subsidiary Lexaria Nicotine and certain DehydraTECH license rights.

As part of the agreement, Altria may exercise its first tranche of warrants in Lexaria Nicotine by way of another staged payment to the subsidiary, which would allow Altria to maintain its current exclusivity over DehydraTECH for oral nicotine delivery in the US.

Regardless of whether Altria exercises the first warrant tranche, Altria maintains its existing minority equity stake and board representation in Lexaria Nicotine as well as a non-exclusive license to use DehydraTECH worldwide outside of the US. The firm also agreed to an earlier-defined royalty payment schedule to Lexaria in the event it decides to utilize the technology commercially.

Contact Angela at [email protected]

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Lexaria Bio Science and partner Altria complete Phase One of the development...

Lexaria BioScience (OTCQX: LXRP- CSE: LXX) CEO Chris Bunka joined Steve Darling from Proactive Vancouver with news the company has seen their Phase One research and development program of oral forms of nicotine delivery finish with Altria Ventures. Bunka says everything went as planned and...

4 weeks, 1 day ago

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