NEW YORK, June 03, 2019 (GLOBE NEWSWIRE) --
AXIM® Biotechnologies,
Inc. (AXIM) (âAXIM® Biotech,â âAXIMâ or
âthe Companyâ), a world leader in cannabinoid research and product
development, today announced that it has signed a cannabinoid
product supply agreement with Impression Healthcare Limited
(âImpressionâ) for the supply of the Companyâs toothpaste and
mouthwash containing cannabidiol (CBD) for its clinical trial for
the treatment of periodontitis.
The supply agreement is in preparation for a clinical trial testing the effectiveness of CBD in treating periodontitis, to be performed at Swinburne University of Technology in Melbourne, Australia.
In accordance with the agreement, AXIM will supply the first batch of its patented toothpaste and mouthwash products containing CBD, along with associated placebo units for Impression to perform a randomized control clinical trial.
âWith the prevalence of periodontitis worldwide, AXIM recognizes the need to provide consumers with an effective and convenient treatment option,â said AXIM® Biotech CEO John W. Huemoeller II. âWe look forward to this next step for AXIMâs cannabinoid-based oral care line and the large potential it holds for treatment in the immense oral care market.â
Oral diseases are the most common noncommunicable diseases across the globe according to the World Health Organization. The World Health Organization also estimates severe periodontal disease to be the 11th most common disease worldwide.
âImpression is proud to sign this supply agreement with AXIM considering the reputation it holds for quality and innovation in cannabinoid research,â said Impression Healthcare Limited CEO Joel Latham. âAs we prepare for this clinical trial, we hope that our agreement with AXIM represents the beginning of a long-standing relationship between our two companies.â
Impression Healthcare Limited is an innovative healthcare company that sells customized oral devices both direct-to-consumer and via the companyâs growing B2B preferred practitioner network of dentists. With its own laboratory in Victoria, Australia, Impression offers best-in-class teeth protection and helps its customers to combat bruxism, snoring, mild-to-moderate sleep apnoea and teeth discoloration with custom-fitted oral devices.
To learn more about AXIM® Biotechnologies, Inc., visit http://aximbiotech.com/.
About AXIM® Biotechnologies
AXIM® Biotechnologies, Inc. (AXIM) is a world leader in the
research and development of cannabinoid-based pharmaceutical and
nutraceutical products. Along with building a robust intellectual
property portfolio, AXIM is focused on clinical development
programs that bring more efficacy and/or lower side effects than
existing alternatives and require small to medium budgets and
timelines to bring to market which presents a high added-value to
the pharmaceutical field.
AXIM's flagship product, MedChew® with dronabinol, is planned to undergo a bioequivalence study in the near future to fast track through FDA as an alternative to approved Marinol. For more information, please visit www.AXIMBiotech.com.
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P. 844 294 6246
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This press release may contain certain forward-looking statements
and information, as defined within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbor created by
those sections. This material contains statements about expected
future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of AXIM Biotechnologies, Inc. to be materially
different from the statements made herein.
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AXIM® Biotechnologies does not sell or distribute any products that
are in violation of the United States Controlled Substances Act
(US.CSA).