AXIM Biotechnologies is an innovative biotechnology company focusing on research, development and production of pharmaceutical, nutraceutical and cosmetic products as well as alternative sources of energy. We prioritize the well-being of our customers while embracing a solid fiscal strategy.
We believe to be setting the green standard for cannabinoid bioscience through the discovery and commercialization of new materials and technologies for healthy living, all while respecting the environment.
We were incorporated in the state of Nevada on November 18, 2010, as AXIM International, Inc. On July 24, 2014, we changed our name to AXIM Biotechnologies, Inc. to better reflect our current, expanded business operations. In early 2014, we discontinued our organic waste marketable by-product business to focus on our anticipated new business to become an innovative biotechnology company working on the treatment of pain, spasticity, anxiety, and other medical disorders with the application of known and novel cannabinoid-based products. Our focus is also on research, development and production of pharmaceutical, nutraceutical and cosmetic products as well as procurement of genetically and nano-controlled active ingredients.
AXIM Biotechnologies Receives Patent For CBD Cream For Eczema
3:16 pm ET March 27, 2019 (Benzinga) Print
AXIM Biotechnologies Inc. (OTC: AXIM), a cannabinoid research and development company, has been issued a Notice of Allowance for a patent from the U.S. Patent and Trademark Office for a topical cream containing cannabinoids for the treatment of atopic dermatitis (eczema).
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The Notice of Allowance was granted for a patent application Axim filed Aug. 21, 2018. The cream includes two cannabinoids: cannabidiol (CBD) and cannabigerol (CBG), which were proven to provide anti-inflammatory and pain relief benefits.
It uses the company's proprietary formulation for relief of the itching, pain and inflammation that often accompany atopic dermatitis.
Why It's Important
Axim said it expects that its topical cream will be one of the first CBG products available on the market — and it won't require a prescription. With this product, AXIM expects to enter an atopic dermatitis market that is valued at $5 billion.
Axim, which counts Medical Marijuana Inc (OTC: MJNA) among its largest investors, said it expects to introduce the topical cream products to the market sometime in the third quarter of 2019, "likely delivered direct-to-consumer," CEO John Huemoeller told Benzinga.
The company has a number of other products in its pipeline, including a toothpaste containing CBD and CBG that is ikely to be available in the third quarter as well, Huemoeller he said.
AXIM® Biotechnologies, Inc. Nutraceutical Division Receives Purchase Order for 50,000 Boxes of the Company’s Proprietary CBD-Based Chewing Gum
NEW YORK, April 23, 2019 -- AXIM® Biotechnologies, Inc. (“AXIM”) (“the Company”) (“AXIM® Biotech”) (OTC: AXIM), a world leader in cannabinoid research and development, today announced that the nutraceutical division of the Company, which produces and distributes cannabinoid-based lifestyle and wellness products, has received a purchase order for 50,000 boxes of its proprietary cannabidiol (CBD)-based chewing gum from a leading direct-to-consumer company for distribution throughout the United States.
The purchase order, pursuant to a private-label manufacturing and supply agreement signed April 19, 2019, describes an ongoing relationship between the two companies and allows for exclusivity if the company orders 75,000 boxes of product per quarter or 300,000 boxes of product in a calendar year. The initial order represents 1.5 million pieces of AXIM’s gum product. With its recently acquired patents for oral compositions containing cannabinoids and topical cream, along with its patent on chewing gum containing cannabinoids including CBD, this order represents a large sales momentum shift as AXIM aims to expand the Company’s nutraceutical division and create revenue for the company.
“While many companies in the burgeoning CBD market compete to provide consumers with various products in similar forms such as tinctures and capsules, AXIM sets itself apart through our patented chewing gum delivery system which has shown to increase bioavailability of the cannabinoids,” said AXIM® Biotech CEO John W. Huemoeller II. “As a part of our strategic short- and mid-term business plan, we have looked to expand the nutraceutical division of our company as a way to generate revenue and apply it toward furthering our clinical development program, while avoiding seeking out other more expensive funding alternatives.”
The CBD market is estimated to grow to $16 billion by 2025 as consumers continue to educate themselves on the cannabinoid’s extensive potential therapeutic benefits. Currently, tinctures account for 44 percent of the market, topicals make up 26 percent, capsules account for 22 percent and beverages compose 19 percent. With this purchase agreement and distribution of AXIM’s proprietary CBD gum under a white label, the Company is essentially creating a new market segment, utilizing a consumer-friendly delivery mechanism, that has the opportunity to capture market share from other forms of CBD products.
To learn more about AXIM® Biotechnologies, Inc., visit http://aximbiotech.com/.