OXNARD, California and TEL AVIV, Israel, July 11, 2017 /PRNewswire/ -- CURE Pharmaceutical (OTCQB: CURR), ("CURE"), a leading disruptive drug
delivery technology and pharmaceutical cannabinoid molecule development company and Therapix Biosciences (NASDAQ: Ltd. (Nasdaq:
TRPX), ("Therapix"), a specialty clinical-stage pharmaceutical company dedicated to the development of cannabinoid-based drugs
headquartered in Israel, announced today that they signed a memorandum of understanding (MOU) to
enter into a research collaboration with Israel's largest and leading private medical services
center, Assuta Medical Centers, Ltd., ("Assuta"). The Companies will collaborate to advance, research, develop and commercialize
potential therapeutic products in the fields of personalized medicine and cannabinoids.
"As CURE focuses on targeting unmet needs in traditional pharmaceutical markets that could be disrupted by cannabinoid-based
options, we are continuously looking to help bring new therapeutic cannabinoid-based products to market and further efforts
toward the creation of personalized medicine," said Robert Davidson, CEO of CURE Pharmaceutical.
"Our new collaboration with Therapix and Assuta, two leading companies in Israel, a Country that
is at the forefront of cannabinoid-based research in the world, is the perfect place to start the development of these
products."
Dr. Ascher Shmulewitz, Chairman of Therapix, added, "CURE is the ideal partner for us to enter
this promising and cutting-edge personalized cannabinoid-based therapeutics; this deal has all the signs of a fruitful
venture."
As agreed to in the MOU, the Companies intend to formalize the pooling of professional, scientific, financial resources and
expertise, in order to benefit from each of its respective advantages and capabilities to develop new therapeutic products in the
fields of personalized medicine and cannabinoids. Specifically, CURE and Therapix will provide support and expertise in the
development of pharmaceutical products, while Assuta will support the early research and development of potential projects
through its research and facilities.
"Assuta is happy to enter into the MOU with CURE and Therapix, and I am confident that the parties' cooperation will be a
successful one, with many other projects to follow," said Professor Ari Shamiss, CEO of Assuta.
"This new collaboration is yet another step Assuta is taking in the innovation world, and one of many steps to be taken by Assuta
in the field of biopharma."
About CURE Pharmaceutical
Headquartered in Oxnard, California, CURE Pharmaceutical (OTC:CURE) is a fully integrated
specialty pharmaceutical/bioscience company that leverages disruptive proprietary drug delivery technologies for a broad range of
molecules serving the biopharmaceutical, veterinarian, medical foods and pharmaceutical cannabis markets. CURE develops its
patented and proprietary delivery system (CureFilm™), the most advanced oral thin film on the market today, from its industry
leading full service cGMP manufacturing facility. The Company's mission is to deliver proven drugs in a fast and efficient manner
and to improve quality of life.
For more information about CURE Pharmaceutical, please visit its website at www.curepharmaceutical.com.
About Therapix Biosciences Ltd.
Therapix Biosciences Ltd. (Nasdaq:TRPX) is a specialty clinical-stage
pharmaceutical company focused on developing technologies and therapeutics based on cannabinoid pharmaceuticals. The Company's
clinical pipeline assets follow a de-risked 505(b)(2) regulatory pathway benefitting from Therapix's unique proprietary
formulations based on repurposing an FDA approved synthetic cannabinoid (dronabinol). Therapix's lead compound, THX-TS01, is
currently in Phase 2 clinical trials for Tourette's Syndrome and the Company intends to initiate a Phase 1 clinical study of
THX-ULD01 for the treatment of Mild Cognitive Impairment, for which no FDA-approved therapies currently exist. Please visit our
website for more information at www.therapixbio.com.
About Assuta Medical Centers
Assuta Medical Centers (https://www.assuta.co.il/en/) is the largest private hospital network in Israel
operating 8 hospitals and medical centers from north to south. Owned by Maccabi Healthcare, the second largest HMO in
Israel, Assuta accounts for about 15% of the surgeries in Israel and takes care of the health of more than 1 million patients yearly. Assuta holds JCI quality
accreditation with excellence and its service standards are ranked as top tier by the ministry of health.
Forward-looking statements
This press release contains forward-looking statements, which are subject to risks and uncertainties. All statements,
other than statements of fact, including those statements with respect to the Company's business development, are forward-looking
statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We
undertake no obligation to publicly update or revise any forward-looking statements.
Public Relations Contact
Andrew Hard
Chief Executive Officer
CMW Media
andrew.hard@cmwmedia.com
P. +1888 829-0070
www.cmwmedia.com
Investor Relations Contact
Shiwei Yin, Grayling
Shiwei.Yin@grayling.com
P. +1646 284-9474
Lucia Domville, Grayling
lucia.domville@grayling.com
P. +1646 284-9416
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SOURCE Therapix Biosciences