KELOWNA, British Columbia, Oct. 28, 2019 (GLOBE NEWSWIRE) — Allied Corp. (“Allied”) (OTCQB: ALID), an international healthcare cannabis business focused on developing and offering targeted cannabinoid well being options, is pleased to announce it has entered into a Master Solutions Agreement with the University of Haifa, Israel by means of their wholly owned commercialization subsidiary: Carmel – Haifa University Financial Corporation Ltd. (“Haifa”). This globe-class academic study center offers Allied access to a proprietary pre-clinical animal model that is owned by Carmel. Especially, Allied will engage with this proprietary animal model for the purposes of specialized pharmaceutical cannabinoid study and pharmaceutical item improvement.
Via this agreement, Allied now has access to Haifa’s major-edge facilities, proprietary animal model, pharmaceutical improvement, academic laboratory and related scientists and investigators. This will allow Allied to conduct the pre-clinical phase of the improvement of a proprietary pharmaceutical item for which Allied has patent-pending status. This pharmaceutical item (“AC001”) targets the remedy of Post-Traumatic Anxiety Disorder and connected mental well being circumstances. Following the completion of the pre-clinical study phase, Allied intends to bring AC001 via human clinical trials. Following this, Allied intends to then seek a international commercialization partnership via a licensing deal for item AC001 with a huge pharma international commercialization companion.
“Building upon Allied’s existing patent-pending position, and as portion of Allied’s Intellectual House and Pharma Improvement (IP&PD) Approach, we are excited to start pre-clinical testing of our novel formulations. This is outlined in the parameters of our current United States Provisional Patent Application for Cannabinoid and Terpenoid Pharmaceutical Compositions and Strategies for Treating Post-Traumatic Anxiety Disorder (PTSD)” says David Weinkauf, VP-Pharma Improvement for Allied Corp. “This is the initial significant step towards Allied bringing an academically validated pharmaceutical item to these who will need it most these persons about the globe who have provided of themselves to serve their nation and are now suffering with PTSD”.
Extra info about Allied Corp. can be identified at www.allied.well being.
On behalf of the Board,
Chief Executive Officer
About Carmel – Haifa University Financial Corporation Ltd.
Carmel-Haifa University Financial Corporation Ltd. serves as the commercialization and small business arm of the University of Haifa and is accountable for guarding and commercializing its intellectual home. Carmel-Haifa collaborates with several partners and establishes ventures, corporations and funds with the target of maximizing the small business possible of commercializing study and expertise created at the University.
Extra info about Carmel – Haifa can be identified at http://carmel-ltd.haifa.ac.il
About Allied Corp.
Allied Corp. is an international cannabis business with a mission to aid persons suffering from Post-Traumatic Anxiety Disorder (PTSD) by researching, developing and making targeted cannabinoid well being options. Allied Corp. utilizes an proof-informed scientific strategy to make this mission achievable, via cutting-edge pharmaceutical study and improvement, revolutionary plant-primarily based production and distinctive improvement of therapeutic solutions.
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