PREV Files International Patent Application for Sol-Gel Vancouver, British Columbia--(Newsfile Corp. - November 29, 2021) - PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) (the "Company" or "PreveCeutical"), is pleased to announce it has filed an international patent application on November 19, 2021, entitled "Sol-Gel Cannabinoid Formulation and Antiviral Use" (the "Invention"), claiming priority from Australian patent application number 2020904291.
The patent is for an invention that relates to an antiviral cannabinoid-containing sol-gel formulation and its use in the treatment or prevention of viruses such as Coronaviruses and influenza. In particular embodiments, the cannabinoid containing sol-gel formulation is adapted for nasal delivery and comprises a micellar composition with a cannabinoid composition, where the cannabinoid composition comprises cannabidiol ("CBD").
This application names Stephen Van Deventer as the inventor for all designated states and regions. Mr. Van Deventer has assigned the entire interest in the Invention to PreveCeutical.
COVID-19 is responsible for a pandemic that has spread to more than 210 countries, with more than 37 million people infected, and over a million deaths have been recorded since the pandemic was first declared. No pharmacological agent is available yet to bring the virus 100% under control and to curb its devastating effects. Various anti-viral and anti-inflammatory drugs have been trialled with varying degrees of success, and it has been reported that CBD may have an effect in treating or preventing COVID-19 and symptoms associated with COVID-19.
PreveCeutical's Chief Executive Officer, Mr. Stephen Van Deventer, commented, "There is a need for therapies for Coronaviruses and influenza that are readily delivered to the respiratory system. Our plan is to have products from this Invention delivered through nasal delivery, aiming to make it more patient and practitioner friendly."
The Company is not making any express or implied claims that its product candidate has the ability to eliminate, cure or contain Coronaviruses, COVID-19, and influenza, at this time.
Although PreveCeutical believes that any such intentions, plans, estimates, beliefs, and expectations in this news release are reasonable, there can be no assurance that any such intentions, plans, beliefs, and expectations will prove to be accurate or successful.
About PreveCeutical
PreveCeutical is a health sciences company that develops innovative options for preventive and curative therapies utilizing organic and nature identical products. The Company aims to be a leader in the preventive health sciences sector.
With the completion of three of its research programs, the Company is actively working on the development, clinical trials, and commercialization of its products; and has filed a number of provisional patent applications to protect the intellectual property from its research programs.
For more information about PreveCeutical, please visit our website www.PreveCeutical.com or follow us on Twitter and Facebook.
On behalf of the Board of Directors of PreveCeutical
Stephen Van Deventer, Chairman and Chief Executive Officer