Lexaria Bioscience Corp. (LEXX)
Lexaria Bioscience Corp. operates in the Biotechnology industry of the Healthcare sector, headquartered in Kelowna, BC, CA. The stock last traded at $5.76, down 0.52% on the session, giving a market capitalisation of $9.5M. On trailing twelve-month figures it carries a trailing P/E of -1.08, a net margin of -3985.6%. Its beta of 0.34 implies it has historically moved less than the broad market.
Lexaria Bioscience Corp. is a biotechnology company focused on advanced drug delivery. Its proprietary and patented DehydraTECH technology is designed to significantly improve the oral delivery of active pharmaceutical ingredients, enhancing their absorption into the bloodstream. This innovative platform has shown impressive results, boosting the bioavailability of compounds such as cannabinoids and nicotine by 5 to 10 times, and in some cannabinoid applications, by as much as 27 times, when compared to standard formulations. DehydraTECH also drastically cuts the time of onset from hours to mere minutes and effectively neutralizes unpleasant tastes. Beyond its established uses, the technology is currently under evaluation for its potential application with orally administered antiviral drugs, non-steroidal anti-inflammatory drugs (NSAIDs), PDE5 inhibitors, and various other compounds. A notable feature of DehydraTECH is its capacity to facilitate the passage of drugs across the blood-brain barrier. The company operates a licensed internal research facility and holds a substantial intellectual property portfolio, comprising 23 granted patents and roughly 50 pending patent applications globally. Founded in 2004, Lexaria Bioscience Corp. is headquartered in Kelowna, Canada.
Lexaria Bioscience Corp. is most often compared with the following Healthcare names: