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Lexaria DehydraTECH(TM) 2.0 Outperforms MCT in 2021 R&D Study

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New York, New York–(Newsfile Corp. – May 25, 2021) – PCG Digital — The positive results keep rolling in for Lexaria (LEXX). They recently released R&D study results for three new DehydraTECHTM 2.0 formulation variations that significantly outperformed traditional MCT oil-based formulations that have become CBD industry standard.

Though new to NASDAQ, Lexaria Bioscience Corp. has been producing positive test results with their patented DehydraTECHTM bio-absorption technology since 2016. The process has been used in foods, beverages, oral supplements, tablets, and capsules.

The first iteration of the technology – “Original” DehydraTECH – increased absorption rates of cannabinoids and nicotine by up to 390%. In 2019, newer versions – DehydraTECHTM 2.0 – tested as high as 923% above industry standards. But now, test results from May of 2021 showed a CBD delivery rate that was up to 2,708% stronger than medium chain triglyceride (MCT) oils which have become industry standard.

Over the past few years, the CBD industry has been using coconut and/or other MCT oils as the most common way to deliver oral cannabinoids, primarily because they taste good. These recent study results may change a few minds about that. Lexaria has been proving their science is effective for half a decade now.

Strategic Initiatives for 2021 Show a Diverse Use Scenario for DehydraTECHTM

A revolutionary technology like DehydraTECHTM has a wide range of uses that goes beyond consumer CBD use. In November of 2020, Lexaria published a list of 2021 strategic initiatives that also targets hypertension treatment, nicotine delivery, and antiviral absorption.

The anti-hypertension drug market is estimated at over $30 billion. In 2021, DehydraTECHTM CBD is part of three human clinical studies (already started and fully funded) on the effects of CBD as a hypertension treatment option. The first study conducted in 2018 produced evidence of a 5% drop in blood pressure after a single 90mg dose.

On the nicotine front, Lexaria has issued a technology license to Altria Ventures Inc. and is in the midst of a formal R&D agreement with British American Tobacco, two of the five largest nicotine companies in the world. Early studies on DehydraTECHTM nicotine oral pouches show nicotine effectiveness in 1.5-4 minutes.

Viral diseases like HIV, Influenza, Ebola, and now COVID-19, have killed millions in just the past few years. With the higher absorption rate of DehydraTECHTM, antiviral drugs for these diseases, currently administered by injection, could potentially be delivered orally.

Lexaria Expands into India with New Patent Approval

Adding to its already impressive collection of patents in the US, EU, and Australia, Lexaria was just approved for a new patent in India for “Stable ready-to-drink beverage compositions comprising lipophilic active agents.” It’s the 19th patent they’ve been granted.

The new patent covers a broad range of ingredients, including NSAIDS, nicotine, and cannabinoids. As the title suggests, it’s a beverage patent, but the allowed product formats cover everything from carbonated sodas to fruit juices, coffee and energy drinks, and oral medicines.

CBD-infused beverages, though not the most lucrative offering from Lexaria, are part of the $23.6 billion consumer CBD market. An established position in that sector has helped the company grow in other areas that could be worth significantly more to them going forward.

Licensing and White Label Opportunities for Prospective Partners

Lexaria is a biopharmaceutical company, not a retail chain store. Other companies license the technology to empower their own retail brands which are currently available in thousands of locations across the US. The company’s main goal is to increase the use of DehydraTECHTM through strategic partnerships. That includes drug companies and consumer packaged goods.

The absorption rate achieved in clinical studies is due to the ability that DehydraTECHTM has shown in delivering fat-soluble molecules through the gastrointestinal system by piggy-backing and improving upon known, natural human absorptive processes. It’s also been shown effective in transdermal applications, giving it even broader potential for topical use.

Companies with existing drugs, oral supplements, beverages, and pills can license this technology and effectively increase the potency and effectiveness of their product. Lexaria is working with several partners now who are doing this.

As an investment, Lexaria (LEXX) is up 27.14% in the past thirty days. The iShares NASDAQ Biotechnology ETF (IBB) is down 2.88% over that period. Nasdaq (NDAQ) itself only gained 3.35%, so Lexaria definitely “beat the market.” That’s a good sign for partners and investors.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84962

Fintech

Central banks and the FinTech sector unite to change global payments space

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The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.

Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.

Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).

At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.

The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.

As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.

Source: fintech.globa

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TD Bank inks multi-year strategic partnership with Google Cloud

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TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.

The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.

This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.

TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.

Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.

TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.

Source: fintechfutures.com

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MAS launches transformative platform to combat money laundering

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The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.

According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).

Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.

Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.

Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.

Source: fintech.global

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