TEL AVIV, Israel and BETHESDA, Maryland, May 25, 2021
Cannabics Pharmaceuticals Inc. (CNBX), a global leader in the development of cancer related cannabinoid-based medicine, announced today that the company’s patent titled: “System and Method for High Throughput Screening of Cancer Cells” has been granted by the European Patent Office.
Outside the European territory, corresponding patents under the same title have already been granted in Israel and in South Africa. Further to that, corresponding patents with said title are also currently under examination in numerous other territories including the US and Canada, as well as in Mexico where earlier this month the company received “Notice of Allowance” from the Mexican Patent and Trademark Office (IMPI).
Gabriel Yariv, Cannabics Pharmaceuticals’ President and COO: “The granting of this patent by the European Patent Office validates the uniqueness of our core technology as well as of our innovative approach to drug discovery. Data obtained from our high throughput screening technology for personalized medicine allows us to elucidate and identify specific compounds that are most effective as anti-cancer agents. This process has already helped the company produce several promising cancer treatment drug candidates, which are now at various stages of the regulatory pathway. In essence, this patent now provides the company with both a reinforced differentiating threshold within the Pharma industry, as well as a strong foundation for our continuous development of additional new drug candidates”.
Dr. Eyal Ballan, Cannabics Pharmaceuticals’ co-founder and CTO: “We have invested heavily in developing this unique technology and personalized based drug discovery platform which allows us to screen and identify specific analytes that are most effective on specific cancer cells. An important aspect of our technology is that it can be applied for development of both personalized and conventional medicines, which certainly opens up a variety of interesting avenues to explore going forward in the field of tailored and personalized medicine”.
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