NEW YORK, Nov. 16, 2016 (GLOBE NEWSWIRE) -- AXIM ® Biotechnologies, Inc. (AXIM ® Biotech) (OTC:AXIM), a world leader in hemp cannabinoid research and development, today announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for U.S. Application Serial Number 9,433,601, a patent that claims the use of all cannabinoids in cannabinoid-containing controlled-release chewing gum products. A Notice of Allowance is issued after the USPTO makes a determination that a patent can be granted from the application, filed in April 2015. This patent covers the inclusion of all cannabinoids (both natural and synthetic) in a chewing gum delivery system, including Tetrahydrocannabinol (THC), all of which may be incorporated in the Company's chewing gum products. This new patent is an extension of AXIM ® Biotech's patent for chewing gum as delivery methods for cannabidiol (Chewing Gum Compositions Comprising Cannabinoids). Prior to this new allowance, Patent 9,023,322 only claimed gum products as a delivery mechanism for cannabidiol (CBD), a well-known cannabinoid. "This new patent is paramount for our company as it provides us with the intellectual property protection to include any of the at least 85 different cannabinoid compounds found in the cannabis plant, including CBD and THC, into our multiple cannabinoid-containing controlled-release chewing gum products," said George E. Anastassov, MD, DDS, MBA and Chief Executive Officer of AXIM ® Biotech. "Acquiring this new patent is also strategically important for AXIM's mission to find cannabinoid-derived solutions for health conditions with no known cure. Furthermore, it gives us exclusive protection on the cannabis pharma and nutraceutical market, which means that no other entities can attempt to introduce a rival product with the same delivery system made with any cannabinoids." AXIM ® Biotech developed the patents it now owns for chewing gum as a delivery method for cannabinoids into two separate products. Its CBD-only CanChew ® Gum is marketed and is legal to purchase wherever CBD hemp oil products are sold. AXIM ® Biotech holds the exclusive rights to market and distribute CanChew ® Gum globally. CanChew ® is a botanical hemp-derived CBD chewing gum with a unique oral mucosal absorbance delivery system. Features listed on the CanChew ® website include:
No prescription needed
Available in all 50 states
Great-tasting mint gum has no artificial sweeteners or preservatives
Non-GMO, gluten free, vegan and kosher
In addition, AXIM ® will start clinical trials for its combination CBD/THC gum, MedChew ® Rx, for the treatment of pain and spasticity associated with multiple sclerosis. Directly compared to a sublingually delivered cannabis-based product currently on the market for MS, the estimated market size for MedChew ® Rx is $4.8 billion USD. MedChew ® Rx is on track to be fully registered by the EMA and FDA. AXIM has also developed CanChew Plus™ CBD containing gum with improved delivery system and doses of 10 mg of CBD and 30 mg of CBD. Besides these, AXIM has developed CanChew Rx™, which is based on pharmaceutical-grade, 99.9% pure CBD crystals, extracted and manufactured based on company IPs and containing 10, 30, 50, 100 and 150 mg of CBD in microencapsulated form (AXIM IP) for significantly increased bioavailability of the Active Pharmaceutical Ingredient.