NEW YORK, July 12, 2017 (GLOBE NEWSWIRE) -- AXIM Biotechnologies, Inc. (AXIM Biotech) (OTC:AXIM), a world leader in cannabinoid research and development, announced today that it held its bi-annual board meeting on July 8, 2017 in New York City. AXIM Biotech board members reviewed company milestones for the first half of 2017, clinical trial progress for irritable bowel syndrome (IBS), multiple sclerosis (MS) and psoriasis and eczema (PSO), the Company’s expanding product portfolio, and the current market opportunity for cannabinoid-based pharmaceuticals.
Management and advisory board experts considered further proof of concept studies of cannabis based treatment for indications such as nicotine addiction, Glaucoma, dry eye syndrome, adolescent drug addiction, post-haerpetic neuralgia, traumatic brain injury (TBI), and ethyl alcohol abuse. Other items discussed during the board meeting included AXIM’s collaborations with leading academic institutions, strategic relationships with big-pharma manufacturers and distributors for drug development and licensing, as well as progress on vertical integration with the manufacturing facility in Almere, Netherlands.
“AXIM continues to make solid progress with our growth and positioning in the pharmaceutical space,” said George E. Anastassov, MD, DDS, MBA and Chief Executive Officer of AXIM Biotech. “There is a formidable opportunity for growth in pharmaceuticals based on cannabinoids and AXIM is executing on becoming a leader in this space with a robust clinical pipeline and expanded study for additional therapeutic indications. We are also excited to be embarking on clinical programs for new indications soon such as restless leg syndrome, chemotherapy associated N&V, drug-related psychosis and post-traumatic stress disorder (PTSD)."
About AXIM®
AXIM® Biotechnologies, Inc. (AXIM) focuses on the research, development and production of cannabis-based pharmaceutical, nutraceutical and cosmetic products. Our flagship products include CanChew®, a CBD-based controlled release chewing gum, CanChew+ containing 50 mg of CBD undergoing clinical trials in patients with IBS and MedChew Rx, a combination CBD/THC gum that is undergoing clinical trials for the treatment of pain and spasticity associated with multiple sclerosis. We prioritize the well-being of our customers while embracing a solid fiscal strategy. For more information, please visit AXIMBiotech.com.
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LEGAL DISCLOSURE
AXIM® Biotechnologies does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA).