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Medical Marijuana, Inc. Portfolio Investment Company Kannalife, Inc. Bolsters IP Portfolio with Multiple Patents Issued in 12 Key European Territories
Medical Marijuana, Inc. Portfolio Investment Company Kannalife, Inc. Bolsters IP Portfolio with Multiple Patents Issued in 12 Key European Territories.
About this update from Medical Marijuana, Inc.
[{"type":"text","content":"\n SAN DIEGO, July 09, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Medical Marijuana, Inc. (OTC: MJNA) (the \"Company\"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its investment company Kannalife, Inc. (\"Kannalife\") (OTCQB: KLFE) has been issued patents in 12 key European territories for its patent known as WO2015/106108A2 and titled, “Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy” (the “PCT Patent”).  These territories include Switzerland (CH), Germany (DE), France (FR), the United Kingdom (GB), Ireland (IE), Italy (IT), Spain (ES), Belgium (BE), Sweden (SE), Turkey (TR), the Netherlands (NL), and Denmark (DK). “Europe is an ideal market for Kannalife to pursue as the continent made up over 23 percent of the world’s total pharmaceutical sales in 2018 and is expected to continue growing to $226 billion in the upcoming years,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We have a viable leading drug candidate in KLS-13019, which is a non-opioid based solution to treating neuropathic pain. The remarkable capabilities behind the science of KLS-13019 and its sister compounds are their ability to effectively break the blood-barrier and their strong neuroprotective and anti-inflammatory properties,” said Dean Petkanas, CEO of Kannalife. “Between our PCT patents, KLS-13019 and our other novel therapeutic agents like Atopidine™ we have near-global coverage in the world’s top pharmaceutical markets.”  KLS-13019 leads Kannalife’s intellectual property portfolio of novel monotherapeutic molecules (“KLS Family”), which have been proven capable of acting as neuroprotective agents and have the potential to treat a range of diseases, including nervous system, oxidative stress, and neurodegenerative disorders. KLS-13019 is the Company’s leading candidate to treat chemotherapy-induced peripheral neuropathy (CIPN), a disorder that currently has no FDA approved drugs for treatment. Current off-label prescription of opioids, a leading agitator of overdose deaths an...