Medical Marijuana, Inc. Portfolio Investment Company Kannalife, Inc. Issues Update on Intellectual Property and Newly Acquired Patents
SAN DIEGO, Jan. 23, 2020 /PRNewswire/ -- Medical Marijuana, Inc. (OTC: MJNA) (the "Company"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its portfolio investment company Kannalife, Inc. ("Kannalife") (OTC: KLFE) recently provided an update on its intellectual property revolving around its global WIPO/PCT Patent WO2015/106108A2 titled "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy" (the "PCT Patent"). "We are proud to have Kannalife as part of our investment portfolio as they are continuously reaching new milestones in researching cannabinoid therapeutics," said Medical Marijuana, Inc. CEO Dr. Stuart Titus. "The amount of research in this space has increased tremendously over the past year but there is still significant progress to be made. It's encouraging to see Kannalife at the forefront of this." Since the filing of the PCT Patent in 2015, Kannalife has received patent approval in the following jurisdictions: U.S. Patent 9,611,213 "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy," U.S. Patent 10,004,722 "Method for treating hepatic encephalopathy or a disease associated with free radical mediate stress and oxidative stress with novel functionalized 1,3-benzene diols," Japanese Patent JP6486950B2 "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy" and Russian Patent RU2676475C2 "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy." Additionally, Kannalife's application for patent protection of its intellectual property has been accepted in the European Union (EU), China, and Australia. The Company is awaiting notice from Canada, Brazil and India for notice of acceptance. The Company anticipates receipt of patent grants from the EU, China and Australia sometime during the first and second quarters of 2020. "When we filed our patent application for 'Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy,' we chose what we believe to be the most viable pharmaceutical markets for moving our compounds into clinical trials," said Dean Petkanas, CEO of Kannalife. "The additional patents we have acquired will help us achieve those goals in additional markets." Currently, Kannalife's leading drug candidate KLS-13019, a cannabidiol (CBD)-like molecule is being investigated in pre-clinical studies for the potential treatment of neuropathic pain. Through extensive testing, Kannalife has identified a potent, non-opioid alternative to the frontline treatment of chemotherapy-induced peripheral neuropathy (CIPN). About Medical Marijuana, Inc. To see Medical Marijuana, Inc.'s corporate video, click here. Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.'s shop. About KLS-13019 About Kannalife, Inc. The Company's family of proprietary molecules focuses on treating oxidative stress-related diseases such as HE, chronic pain from neuropathies like CIPN, and neurodegenerative diseases like CTE. Kannalife conducts its research and development efforts at the Pennsylvania Biotechnology Center of Bucks County in Doylestown, PA. For more information about Kannalife, Inc., visit www.kannalife.com and visit the Company's Twitter page at @Kannalife. FORWARD-LOOKING DISCLAIMER FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE LEGAL DISCLOSURE CONTACT: Investor Relations Contact:
View original content:http://www.prnewswire.com/news-releases/medical-marijuana-inc-portfolio-investment-company-kannalife-inc-issues-update-on-intellectual-property-and-newly-acquired-patents-300991977.html SOURCE Medical Marijuana, Inc. |
||
Company Codes: OTC-PINK:KLFE, OTC-PINK:MJNA, OTC-QB:KLFE, OTC-QB:MJNA |