India Globalization Capital Shares Skyrocket On Receiving Patent For THC Formula To Treat Alzheimer's Disease

India Globalization Capital Shares Skyrocket On Receiving Patent For THC Formula To Treat Alzheimer's Disease

India Globalization Capital, Inc. IGC revealed Thursday that it has obtained a patent from the United States Patent and Trademark Office for the treatment of Alzheimer’s disease. The patent (#11,065,225) is named “Ultra-Low dose THC as a potential therapeutic and prophylactic agent for Alzheimer’s Disease.”

The Potomac, Maryland-based cannabis company noted the initial patent submission was filed by the University of South Florida in August 2016The following year in May, IGC signed an exclusive agreement with the University in relation to the patent application 

and connected research on Alzheimer’s disease.

The obtained patent is related to the company’s proprietary formulation - IGC-AD1, which is earmarked to assist in the treatment of patients with Alzheimer’s. The formulation is the subject of IGC’s Phase 1 clinical trial.

IGC recently disclosed the completion of its placebo-controlled Multiple Ascending Dose (MAD) Phase 1 trial for determining the safety of IGC-AD1 that uses THC on patients with Alzheimer’s disease.

Price Action 

India Globalization Capital shares were trading 132% higher at $3.44 per share at the time of writing Thursday morning.

Photo: Courtesy of Jeff W on Unsplash

Posted In: India Globalization Capital patent treating Alzhemier's with THCIndia Globalization Capital shares tradingCannabisNewsMarkets

BENZINGA CANNABIS CONFERENCE

Meet the biggest cannabis industry players and make deals that will push the industry forward.

Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet.

Join us September 13-14, 2022 at The Palmer House in Chicago, IL.