Exclusive: Cannabis Co. Zelira To Begin Clinical Trials For Chronic Pain In Retired Athletes

Global cannabis research company Zelira Therapeutics ZLD ZLDAF is set to being a cannabinoid-based clinical trial on chronic pain in retired professional and amateur athletes, Benzinga has learned exclusively.

The trial, which could be the first of its kind, was commissioned through a license and management agreement between Zelira and Australian operator Levin Health. Zelira will design and undertake a clinical trial on the efficacy of its proprietary ZTL-106 formulation. Successful results will allow Levin to globally market a clinically-validated formulation targeting chronic pain. 

This is the second clinical trial that Philadelphia-based Zelira has undertaken for its cannabis formulations. In 2020, the company conducted successful Phase 1/2a clinical trials for Zenivol, a cannabis-based insomnia medicine that is now approved for use and available in Australia, where cannabis for medicinal use is federally legal. 

“We are thrilled with this new partnership with Levin Health,” says Zelira CEO Dr. Oludare Odumosu. “This agreement will combine Zelira’s world-class proprietary cannabinoid formulations and drug development with Levin Health’s network and mission to treat sports-related chronic pain with non-opioid, non-steroid treatment options.” 

The clinical trial for ZTL-106 will be undertaken at La Trobe University’s Sport and Exercise Medicine Research Centre in Victoria, Australia.

Odumosu notes that 80% of chronic pain patients are treated for non-cancer related pain and that this type of pain is especially common in current and retired athletes as well as the growing amateur fitness-minded population. 

“The success of this trial can unlock new cannabinoid-based, pharmacological treatment options for sports-related pain, which has the potential to completely change the way we treat chronic pain,” Odumosu concludes.

Encuentra nuestro contenido en Español en El Planteo:

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.