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Nexien BioPharma Releases Letter to Shareholders Announcing 2019 Plans, 2018 Activities, and Work to Come From Acquisitions
Nexien BioPharma Releases Letter to Shareholders Announcing 2019 Plans, 2018 Activities, and Work to Come From Acquisitions.
About this update from Nexien Biopharma, Inc.
[{"type":"text","content":"\nDenver, Colorado, Dec. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Dear Nexien BioPharma shareholders and friends,\n Since May 9, 2018, when Alain Bankier sent out the last shareholder letter, we have been very busy at Nexien BioPharma (“Nexien” or the “Company”) building the foundation for a bio-pharmaceutical company. This joint letter from Alain, the former CEO and now Executive Board Chair, and Alex Wasyl, our current CEO and Board member, will help highlight some of the recent events at Nexien. We will discuss some of our ongoing R&D programs, which is the core of our company, later in the letter, but first let us touch on some other key topics. One of the more obvious changes has been the name change to Nexien BioPharma. The Company felt that Nexien was a better name to reflect our corporate vision and personality as a “next generation” pharmaceutical company, rather than a cannabis company. To be clear, we are a pharmaceutical company using cannabinoids as our Active Pharmaceutical Ingredients (“API’s”) and we operate the same way that any pharmaceutical company functions with respect to operating within FDA and DEA sanctioned pathways for scheduled compounds.  We develop proprietary intellectual property (“IP”), we file provisional patents around that IP, and we do our research with third party, federally licensed laboratories and pharmaceutical research centers. The research data increases the strength of the patents, so that they are more readily granted, in addition to bringing us further through the FDA pathway of pre-clinical and clinical research roadmaps in which we operate. In our entire supply chain, the API’s are only handled by federally licensed partners, many of which are prestigious academic or private research and formulation partners. Another area of interest with many shareholders is our application for listing our Company on the Canadian Stock Exchange (“CSE”), which is moving ahead and may be taking a little longer than planned, in part, due to our recent acquisition of CRx Bio. While we do not have specific visibility on the actual listing date, our Canadian regulatory advisors have assured us that we are on course in the application process. The acquisition of CRx Bio Holdings, LLC (“CRx”) ...