Lexaria Bioscience has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $3,600,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Lexaria Bioscience is raising $3,600,000.00 in new funding. About Lexaria Bioscience: Lexaria Bioscience Corp. operates as a biotechnology company. It develops and out-licenses its patented drug delivery technology, DehydraTECH, which combines lipophilic molecules or active pharmaceutical ingredients with specific long-chain fatty acids and carrier compounds that improve the way they enter the bloodstream, increasing their effectiveness and allowing for lower overall dosing while promoting healthier oral ingestion methods. The company’s DehydraTECH is used with a range of active molecules encompassing fat-soluble vitamins, pain medications, hormones, PDE5 inhibitors, antivirals, oral nicotine and its analogs, and cannabinoids. Its DehydraTECH technology evaluates therapeutic indications, including hypertension, heart disease, and diabetes; and is suitable for a variety of product formats, such as pharmaceuticals, nutraceuticals, over the counter, and consumer packaged goods. Lexaria Bioscience Corp. was incorporated in 2004 and is headquartered in Kelowna, Canada.
To learn more about Lexaria Bioscience, visit http://lexariabioscience.com/
Contact:
Christopher Bunka, Chief Executive Officer
250-765-6424
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