Cannabics Pharmaceuticals Announces New Technology Patent
Cannabics patent granted with enabling technology to personalize Cannabinoid diagnostics and treatment for Cancer patients
TEL AVIV, Israel and BETHESDA, Maryland, April 18, 2018 /PRNewswire/ --
"Our aim is to build the intellectual property necessary to personalize cannabinoid diagnostics and treatment for cancer patients," said Dr. Eyal Ballan, Cannabics co-founder and chief technology officer. "We are compiling data that demonstrates that cannabinoids are not only effective in treating the symptoms of cancer and its therapies, but also in fighting the cancer itself. The patent from the State of Israel is an important step towards leveraging the necessary technology to bring underutilized cannabinoids into mainstream medicine."
Data compiled from the patented technology will provide valuable insight into personalized treatments for cancer patients and will support the discovery of new, active pharmaceutical ingredients for specific cancers. Ultimately, the data could allow practitioners to precisely tailor cannabinoid therapies to an individual patient's profile and type of cancer.
Over $100 million was invested in licensing Israeli medical marijuana patents over the past two years, and the global market for medical marijuana is estimated to reach $50 billion by 2025. Cannabics anticipates this significant patent will be the first in a family of patents granted in additional countries and territories, including the United States, Australia, Brazil, Canada, China, Europe, Japan, Mexico, and South Africa.
