Zinger Key Points
- Cannasoul Analytics and Synaptogenix team up to support research and development of pharmaceutical therapeutics.
- Synaptogenix agreed to fund further research of certain intellectual property, technology and future products developed by Cannasoul.
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Synaptogenix, Inc. SNPX has teamed up with Cannasoul Analytics Ltd. a company founded by the Technion Research & Development Foundation and world-renowned cannabis key opinion leader and researcher Professor Dedi Meiri of The Technion
The New York-based biopharmaceutical company developing therapeutics for neurodegenerative disorders and approximately $33 million in cash as of June 30, 2023, aims to support research and development of pharmaceutical therapeutics.
Under terms of the investment agreement, Synaptogenix obtained a preemptive right to fund the further research and commercialization of certain intellectual property, technology, and future products developed by Cannasoul and licensed from The Technion.
Professor Peretz Lavie, 16th president of the Technion and Cannasoul board member, praised the new collaboration.
See also: Hebrew University, Cannabis Accelerator Collaborate To Advance Medical Marijuana Research
"Cannasoul is pleased to welcome Synaptogenix as a key partner in our development of groundbreaking therapeutics derived from natural compounds,” Lavie said. “Together with Synaptogenix, we look forward to advancing our leadership in developing effective cannabis and psilocybin-based treatments that will be easily accessible to patients worldwide."
Professor Meiri agreed.
“We are very excited to partner with Synaptogenix and believe that Synaptogenix's expertise in pharmaceutical development will enable us to advance development and commercialization of Cannasoul's current intellectual property and engage in new projects based on the exciting research being conducted in my lab at The Technion," Meiri said.
Meiri heads the Laboratory of Cancer Biology and Cannabinoid Research at The Technion's Faculty of Biology. Together with The Technion, Israel's center of applied research, Meiri founded Cannasoul in 2018 for the development of cannabinoid-based and other therapeutics for various indications and vertical markets.
So far, Cannasoul has developed technology in large disease markets including leukemia, epilepsy and sleep disorders.
Now read: Millions Of Dollars For Cannabis Research, Marijuana On The Ballot In Florida & More Pot Reg Updates
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