Revive Therapeutics Announces United States Patent Grant for Cannabinoid Delivery System
TORONTO, April 17, 2019 (GLOBE NEWSWIRE) -- Revive Therapeutics Ltd. ("Revive" or the "Company") (TSX VENTURE: RVV) (OTCQB: RVVTF), a specialty cannabis company focused on the research, development and commercialization of novel cannabinoid-based products, is pleased to announce the grant of United States Patent No. 10,104,888, titled "Tannin-chitosan composites," by the United States Patent and Trademark Office. This patent expands Revive’s coverage for the delivery of cannabinoids in various delivery routes. Revive has rights to the patent through an exclusive worldwide license agreement with the Wisconsin Alumni Research Foundation that covers cannabinoids delivered via the buccal-mucosa (the inner lining of the lips and cheeks, where cannabinoids absorb more readily into the bloodstream), topical, oral, and subcutaneous applications. The patent is anticipated to expire on September 3, 2030.
We are pleased to receive patent protection for our cannabinoid delivery technology. This recently granted patent builds on our growing cannabinoid patent portfolio that now includes seven U.S. patents exclusively licensed by Revive. We believe we are now positioned to advance the development and commercialization of novel cannabinoid delivery technologies and create unique cannabinoid-based products for the wellness, medical, and pharmaceutical markets
said Craig Leon, Chief Executive Officer of Revive.
One of the potential differentiating aspects of the delivery technology is the rapid onset of action and controlled or sustained release capabilities. Revive is presently in the research and development stages and plans to develop several unique consumer packaged goods and products including gum, oral sprays, tincture oil, and topical creams. The added advantage of rapid onset is believed to be disruptive in the market along with the full spectrum craft cannabis being used, which will be cultivated and supplied by Richmond Cannabis Co.
Revive Therapeutics Ltd. (TSX VENTURE: RVV) (OTCQB: RVVTF) (FSE: 31R) is a specialty cannabis company focused on the research, development and commercialization of novel cannabinoid-based products. Revive is commercializing patent-protected, best-in-class cannabis-based products with first mover advantage in the multi-billion medical, health and wellness cannabis market. The Company’s novel cannabinoid delivery technology is being advanced to fill the unmet medical needs for diseases and disorders such as pain, inflammation, and wound care. Revive’s cannabinoid pharmaceutical portfolio focuses on rare inflammatory and liver diseases, which the FDA granted to the Company orphan drug designation for CBD in the treatment of autoimmune hepatitis and in the prevention of ischemia and reperfusion injury resulting from solid organ transplantation, such as liver, kidney, heart and lung transplantation. For more information, visit www.ReviveThera.com.
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