PALM BEACH, Florida, March 21, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Recent studies concerning the therapeutic attributes of Cannabidiol (CBD) have pointed to growing evidence to suggest that it could help in the treatment of anxiety-related and other health disorders. With recent research and development aimed at identifying new therapies and treatments for various ailments, companies are focusing on improving therapies such as: India Globalization Capital, Inc. (NYSE:IGC), INSYS Therapeutics, Inc. (NASDAQ:INSY), Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), Terra Tech Corp. (OTC:TRTC) and Cannabics Pharmaceuticals Inc. (OTC:CNBX).
India Globalization Capital, Inc. (NYSE-MKT:IGC) today announces its provisional patent filing (IGC-506) for the treatment of multiple types of eating disorders by a method and combination of cannabis extracts and other compounds. IGC-506 is being developed for both human and veterinary use, should this filing progress to the issuance of a patent. Read this and more news for IGC at: http://marketnewsupdates.com/news/igc.html
"The development of cannabis-based combination therapies represents a large, unique opportunity, and we believe we are the first mover in this emerging specialty-pharmaceutical sector. Over the past three years, we have built a strong IP portfolio and now propose to obtain funding to commence pre-clinical and clinical trials as appropriate. Securing FDA approval for combination therapies is generally much faster and less expensive than the process for new drug applications. As a result, we believe that we can bring our cannabis-based pharmaceutical products to market in both an expeditious and cost-effective manner," states Ram Mukunda, chief executive officer of IGC.
As previously reported (http://nnw.fm/e6A76 ), IGC has started a review of international medical facilities to commence preclinical and clinical trials in support of the company's patent portfolio, which includes IGC-501 for neuropathic pain; IGC-502 for the treatment of seizures; and IGC-504 for eating disorders, including cachexia. Read more about the patent details at: http://marketnewsupdates.com/news/igc.html
In other medicinal companies in the medical marijuana/cannabidiol arena and market performances include:
INSYS Therapeutics, Inc. (NASDAQ:INSY) closed up on Monday at $10.26 trading over 500,000 thousand shares by the market close. Insys Therapeutics is a specialty pharmaceutical company that develops and commercializes innovative drugs and novel drug delivery systems of therapeutic molecules that improve the quality of life of patients. Using proprietary sublingual spray technology and capabilities to develop pharmaceutical cannabinoids, Insys is developing a pipeline of products intending to address unmet medical needs and the clinical shortcomings of existing commercial products.
Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) closed up on Monday and was up slightly in after market trading closing at $19.62. Zynerba Pharmaceuticals last week announced that it has completed enrollment in the Phase 2 STAR 1 (Synthetic Transdermal Cannabidiol for the Treatment of Epilepsy) clinical trial evaluating ZYN002 cannabidiol (CBD) gel in adult epilepsy patients with refractory focal seizures. The company also announced that enrollment has completed in the Phase 2 STOP (Synthetic Transdermal Cannabidiol for the Treatment of Knee Pain due to Osteoarthritis) clinical trial evaluating ZYN002 CBD gel for the treatment of osteoarthritis.
Terra Tech Corp. (OTCQX:TRTC) closed up over 5% on Monday at $0.287 trading over 2.7 million shares by the market close. Terra Tech is in the final stages of designing a state-of-the-art cultivation facility projected to produce over one metric ton of premium grade cannabis per annum for its IVXX brand.
Cannabics Pharmaceuticals Inc. (OTCQB:CNBX) closed up over 12% on Monday at $2.7199 trading over 500,000 shares by the market close. Cannabics Pharmaceuticals is dedicated to the development of personalized anti-cancer and palliative treatments. The company's R&D is based in Israel, where it is licensed by the Ministry of Health for its work in both scientific and clinical research. Cannabics Pharmaceutical's focus is on harnessing the therapeutic properties of natural Cannabinoid formulations and diagnostics. Cannabics engages in developing individually tailored natural therapies for cancer patients, utilizing advanced screening systems and personalized bioinformatics tools.
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