SOURCE: SECFilings.com

SECFilings.com

November 07, 2016 12:30 ET

AXIM Initiates New Studies & Pulls Ahead of the Competition -- SECFilings.com

REDONDO BEACH, CA--(Marketwired - Nov 7, 2016) - SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, announces an article taking a closer look at AXIM Biotechnologies' (OTCQB: AXIM) cannabinoid-based clinical trials program.

AXIM is advancing their patented controlled-release cannabinoid gum in studies covering a number of indications. The company's flagship CanChew Plus® contains 10mg of cannabidiol (CBD) procured from industrial hemp plants. Since the gum isn't psychoactive, it is available in all 50 states without any prescription. The CanChew Plus® Irritable Bowel Syndrome (IBS) study will evaluate the concentration of CBD in the blood following the consumption of 10mg and 30mg CBD gum for thirty minutes. The data from this initial study will determine the appropriate dosing for patients in a subsequent Phase II clinical trial that will evaluate the safety and efficacy of CanChew Plus® gum in treating IBS symptoms and pave the way toward regulatory approvals.

The company is also advancing MedChew Rx™, a patented controlled-release gum containing both CBD and tetrahydrocannabinol (THC), in studies for the treatment of spasticity and pain resulting from multiple sclerosis. Other indications being studied include Crohn's disease, Parkinson's disease, and inflammatory bowel disease. Here is a look at the company's pipeline.

AXIM Biotechnologies differentiates itself from many competing cannabinoid-focused biotech firms with its efficient capital allocation. While larger companies have spent millions on clinical trials, the company has managed to spend very little to begin clinical trials in the Netherlands with the help of its partners. The data from its European clinical trials could be used to approve the product in the United States and other developed markets around the world, and AXIM recently announced sufficient funding to advance those trials.

Click here to read the full article: http://analysis.secfilings.com/articles/121-axim-initiates-new-studies-pulls-ahead-of-the-competition

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