Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Zelira Therapeutics teams up with Levin Health to trial cannabinoid treatment for chronic pain in retired athletes

% of readers think this story is Fact. Add your two cents.


Zelira Therapeutics Ltd (ASX:ZLD) (OTCMKTS:ZLDAF) has licensed its cannabis formulation to Levin Health Limited for an upcoming clinical trial.

Levins will use the medicinal cannabis company’s ZTL-106 formulation for testing on retired athletes in a chronic pain treatment study at La Trobe University in Melbourne.

This trial will be sponsored by Levin, which will pay Zelira to design and manage the study, while both companies will share any commercialisation profits.

“Innovative drug development project”

Zelira Therapeutics managing director Dr Oludare Odumosu said: “Zelira is thrilled to partner with Levin Health on this innovative drug development project.

“This collaboration demonstrates Zelira’s world-class formulation and expertise in fast-tracking drug development.

“This partnership also leverages Levin Health’s mission to impact chronic pain treatment approaches.

“We look forward to creating and validating a proprietary product that will help treat chronic pain.”

The fine print

Essentially, Zelira brings intellectual property and clinical trial expertise to the table, while Levin will provide a network of patients and an advisory board to oversee the study.

Breaking it down, the new licensing agreement will cover the use of Zelira’s medicinal cannabis formulation in the upcoming trial.

A separate project management agreement stipulates the ASX-lister will manage the study with Levin’s financial backing. Zelira will also receive a management fee for this contribution.

When it comes to marketing rights for the formulation, Zelira will hold court in Northern and Southern America, while Levin will retain rights across all other world markets.

Levin Health CEO Mark Brayshaw said: “Levin is delighted to partner with Zelira in this world-class trial investigating ZTL-106 as a potential treatment for chronic pain in athletes.

“Quality clinical trial data is a vital requirement to validate cannabinoids as medicine, and Zelira is doing some of the best clinical work in the sector in Australia and globally.

“Chronic pain is one of the major health issues facing not just athletes, but all active Australians, and we have high hopes for the trial.”

Chronic pain a growing issue

As chronic pain becomes more prevalent in Australia’s health landscape, new treatment options are becoming more critical.

In fact, a 2016 study by the Australian Institute of Health and Welfare reported one in five Australians over 45 had chronic pain.

The ailment is also increasingly treated in a clinical setting; GP visits for chronic pain conditions have jumped 67% within a decade.

While its primary focus remains developing medicinal cannabis drug candidates for insomnia and autism spectrum disorder markets, Zelira said managing this chronic pain trial will expand and complement its healthcare interests.

The company commences as the study’s project manager from June 3.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/951250/zelira-therapeutics-teams-up-with-levin-health-to-trial-cannabinoid-treatment-for-chronic-pain-in-retired-athletes-951250.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.