Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Receives Two US Patents, Bringing Total to 10 in First Patent Family across US and Australia

October 24, 2018 09:46:21
  • The two new patents are related to certain cannabinoid-infused beverage compositions using LXRP’s DehydraTECH technology
  • Globally, LXRP has filed some 50 patent applications as the company expands its IP portfolio; LXRP hopes to receive two more granted patents from Australia by year end, giving it 12 in total
  • LXRP out-licenses its technology, which promotes healthier and faster ingestion; the company seeks accelerated patent application examinations in Australia based on the U.S. patents

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has been granted two new U.S. patents based on cannabinoid-infused beverage compositions using its DehydraTECH ingestion technology platform. The company is building its strategic intellectual property (IP) portfolio with over 50 applications worldwide and is seeking expedited examination for two more patents in Australia based on the U.S. patents it received. It hopes to be granted two new corresponding Australian patents by year’s end (http://nnw.fm/1OmkA).

If all are issued, LXRP will then hold 12 issued patents within its first patent family, “Food and Beverage Compositions Infused With Lipophilic Active Agents and Methods of Use Thereof.” It would strengthen LXRP’s IP claims in both countries. The two new U.S. patents granted are…

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