Why Lexaria Shares Are Rising Today

  • Lexaria Bioscience Corp LEXX said that all data analyses from its simulated pulmonary hypertension clinical study HYPER-H21-3 are complete, assessing a single 300mg dose of DehydraTECH-processed cannabidiol (DehydraTECH-CBD).
  • The study findings indicated a tendency (p=0.1) during 15 minutes of simulated low levels of oxygen (hypoxia) for reduced pulmonary artery systolic pressure (PASP) with DehydraTECH-CBD treatment versus placebo. 
  • PASP was significantly attenuated by about 5 mmHg or 41% overall (p=0.045) in male participants, suggesting differences in sex in responsiveness to CBD treatment under hypoxic stress conditions.
  • Related: Read Why Lexaria Bioscience Shares Are Surging During Wednesday Premarket?
  • These findings complement Lexaria's growing body of evidence demonstrating the ability of DehydraTECH-CBD to reduce blood pressure. 
  • "It's a sad fact that most people with hypertension choose not to treat the disease. Lexaria's DehydraTECH-CBD is evidencing time and again an ability to decrease high blood pressure without any material adverse side effects," said Chris Bunka, CEO, in an emailed statement to Benzinga.
  • "The market demand for a safe and effective new hypertension drug with few side effects can be measured in the billions of dollars," Bunka added.
  • These new findings from HYPER-H21-3 will help direct future research into the efficacy of DehydraTECH-CBD use to manage elevations in pulmonary arterial pressure under hypoxic conditions, related hypoxemic pathologies, and pulmonary hypertension.
  • Lexaria intends to use the data from study HYPER-H21-3 and the findings from its other prior studies to support Lexaria's plans for the FDA Investigational New Drug process.
  • As in past studies, all study participants tolerated DehydraTECH-CBD well, and no serious adverse side effects were recorded. 
  • Price Action: LEXX shares are up 34.8% at $4.42 during the market session on the last check Thursday.
  • Editor's Note: The post has been updated to include comments from Lexaria's CEO.
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