IGC Pharma, Inc. (IGC)

[captainscotty]

#IGC: Good News...:-}

https://technical420.com/cannabis-article/3-major-biotech-updates-every-investor-should-know


India Globalization Capital (IGC) is one of the few cannabis-focused companies that trade on the New York Stock Exchange (NYSE) and today, the company entered a definitive license agreement with the University of South Florida (USF). Under the agreement, IGC is the exclusive licensee of the U.S. patent filing entitled, THC as a Potential Therapeutic Agent for Alzheimer’s Disease.

This is an important development and milestone for the company as it works toward the development of a potential cannabis-based blockbuster treatment for America’s most expensive disease, Alzheimer’s disease.

A lot of IGC’s value is in the intellectual property and its previously filed patents. In September 2014, the company filed a patent for IGC-501 and IGC is currently finalizing the product development by conducting anecdotal testing. In August 2014, the company filed a patent for IGC-504 and in February 2017, IGC filed a patent for IGC-506. The company expects to file an additional patent to finalize these products later this year while advancing its refractory epilepsy treatment for dogs and cats (IGC-505 and IGC-503).

We are favorable on IGC’s recent updates as it has pivoted fully into the biotech cannabis sector and will monitor how the market responds to this news. We have IGC on our watch list and continue to monitor developments around the company’s cannabinoid-based therapies.

IGC acquired this patent to protect its proprietary formulation, IGC-AD1 which includes low-doses of THC and is intended to disrupt the buildup of amyloid beta plaques and alleviate several of the worst symptoms of Alzheimer’s disease.

The patent filing claims the discovery of a new pathway where low doses of THC bind to amyloid beta plaques and prevent those plaques from aggregating on neurons, which is what occurs in Alzheimer’s disease and causes cognitive decline. If the patent is granted and proven, IGC will own a significant therapeutic pathway by which THC interacts with the human body. The pathway has significant potential in treating Alzheimer’s disease and a major research area.

In the near future, IGC expects to share some data that supports its formulation, the patent application, the transition to clinical trials, and details of its commercialization initiatives.