Day Three Labs Secures Funding For Its Research For Treating Parkinson's With Cannabis

Day Three Labs (DTL) revealed that CanNegev will fund the company's research and innovation to remedy Parkinson's disease, a disease that affects more than 10 million people worldwide, with cannabis.

"Research shows that cannabis has the ability to ease Parkinson's symptoms in patients, but to date, no one has been able to decipher the exact combination of cannabinoids and terpenes for a consistent, reliable, and repeatable remedy," stated Dr. Shimon Lecht, chief innovation officer at Day Three Labs.

"There are over a trillion possible combinations of cannabinoids and terpenes that could be derived from the cannabis plant, but only a handful are the optimal combination to treat Parkinson's. Our mission is to discover the correct combination, and to identify the precise ratio so all active ingredients interact in the right way with each other. We can then leverage our Unlokt technology to make a product that will deliver the precise combination of cannabinoids and terpenes to patients quickly, safely and effectively."

DTL is the only company to have passed the first phase of the CanNegev program, solidifying the concept and building the project idea, and receive funding for the second phase to start research, data collection and presentation to The Office of the Chief Scientist of Israel, recently rebranded as the Israel Innovation Authority (IIA), in September 2022. The third and final phase of the program will require a presentation of the proof of concept to the IIA to secure additional funding of 1.25 million Israeli Shekels ($363,000) for product development, seventy percent of which is a government grant.

According to DTL the Unlokt technology packs cannabis within a natural protein, that shuttles the cannabis directly into the body's circulation bypassing the liver, protecting the cannabinoids and terpenes and allowing them to be released and absorbed into the bloodstream in their entirety. The company claims that this delivery method is safe and offers predictable, very functional effects for consumers and patients, essential when using different strains of cannabis to treat specific medical conditions.

In addition to Israeli government support, CanNegev partners with three privately owned companies for this program: Breath of Life, Our Crowd and Padagis.

Photo by Sharon McCutcheon on Unsplash

Related News

Day Three Labs Acquires Pharma-Grade Cannabinoid Infusion Technology In Deal Led By KEY Investment Partners

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.