TEL-AVIV, Israel, April 5, 2017 /PRNewswire/ --
Therapix Biosciences Ltd. (NASDAQ, TASE: TRPX), a specialty clinical-stage pharmaceutical company
specializing in the development of cannabinoid-based drugs, today announced that it has signed a sublicense agreement for Yissum
Research Development Company of the Hebrew University Ltd.'s nasal drug delivery technology.
Under the terms of the agreement, Yissum will grant Therapix an exclusive, worldwide, sub-licensable, royalty-bearing license
to its technology for the nasal delivery of cannabinoids.
The technology, developed by Professor Elka Touitou from the Institute of Drug Research at the
Hebrew University of Jerusalem, facilitates administration and effective nasal absorption of
tetrahydrocannabinol, or THC, the active pharmaceutical ingredient in the drugs developed by Therapix.
"This agreement with Yissum paves the way for the development and marketing of new cannabinoid-based treatment offerings for
people suffering from a variety of neurological conditions," said Therapix CEO Dr. Elran Haber. "Compared with standard oral
administration, we expect the nasal delivery technology developed by Professor Touitou and her team at Hebrew University to offer improved bioavailability, efficacy, and a shorter reaction time for patients."
The license agreement with Yissum has the potential to advance Therapix's strategy to develop proprietary cannabinoid delivery
technologies to improve drug administration, including nasal and sublingual delivery methods for THC, with formulations designed
to increase efficacy.
About Therapix Biosciences Ltd.
Therapix Biosciences Ltd. is a specialty clinical-stage pharmaceutical company led by an experienced team of senior executives
and scientists, focused on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals.
With this focus, the company is currently engaged in two internal drug development programs based on repurposing an FDA-approved
synthetic cannabinoid (dronabinol): Joint Pharma, developing THX-TS01 targeted to the treatment of Tourette's syndrome; and
BrainBright Pharma, developing THX-ULD01 targeted to the high value and under-served market of mild cognitive impairments. More
information is available online at http://www.therapixbio.com.
Forward-Looking Statements
This press release contains forward-looking statements about the Company's expectations, beliefs, and intentions.
Forward-looking statements can be identified by the use of forward-looking words such as "believe", "expect", "intend", "plan",
"may", "should", "could", "might", "seek", "target", "will", "project", "forecast", "continue" or "anticipate" or their negatives
or variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical
matters. For example, forward-looking statements are used in this press release when we discuss the potential of the Yissum
licensed technology, our expectation that it will improve bioavailability, efficacy and reaction time and the description of our
technology and its proposed uses. These forward-looking statements involve certain risks and uncertainties, including, among
others, risks that could cause the Company's results to differ materially from those expected by Company management or otherwise
described in or implied by the statements in this press release. Any forward-looking statement in this press release speaks only
as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable
securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading
"Risk Factors" in Therapix Biosciences Ltd.'s Prospectus dated March 22, 2017 filed with the SEC,
which is available on the SEC's website, http://www.sec.gov .
For further details, please contact Noa Katz of Goldfinger Communications at
+972-50-863-3162
SOURCE Therapix Biosciences Ltd