Lexaria Bioscience Corp. (LEXX) NASDAQ

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Lexaria Bioscience Corp.

Address

100 – 740 McCurdy Road

Kelowna, BC V1X 2P7

Canada

Phone

250 765 6424

Sector

Healthcare

Industry

Biotechnology

Employees

7

First IPO Date

January 12, 2021

Key Executives

NameTitlePayYear Born
Richard C. ChristopherChief Executive Officer & Director519,5001970
Michael ShankmanChief Financial Officer131,2171961
John DochertyChairman of the Scientific Advisory Board, Chief Scientific Officer, President & Director430,4831969
Vanessa CarleHead of Legal0N/A
Kristin HamiltonDirector of Operations0N/A
C. Michael GibsonChief Medical Advisor & Member of Scientific Advisory Board0N/A
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Description

Lexaria Bioscience Corp. is a biotechnology company focused on advanced drug delivery. Its proprietary and patented DehydraTECH technology is designed to significantly improve the oral delivery of active pharmaceutical ingredients, enhancing their absorption into the bloodstream. This innovative platform has shown impressive results, boosting the bioavailability of compounds such as cannabinoids and nicotine by 5 to 10 times, and in some cannabinoid applications, by as much as 27 times, when compared to standard formulations. DehydraTECH also drastically cuts the time of onset from hours to mere minutes and effectively neutralizes unpleasant tastes. Beyond its established uses, the technology is currently under evaluation for its potential application with orally administered antiviral drugs, non-steroidal anti-inflammatory drugs (NSAIDs), PDE5 inhibitors, and various other compounds. A notable feature of DehydraTECH is its capacity to facilitate the passage of drugs across the blood-brain barrier. The company operates a licensed internal research facility and holds a substantial intellectual property portfolio, comprising 23 granted patents and roughly 50 pending patent applications globally. Founded in 2004, Lexaria Bioscience Corp. is headquartered in Kelowna, Canada.

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