Vitality Biopharma, Inc. (OTCQB: VBIO) is engaged within the research, development of CBD-based treatments. Shares of the CBD-based medical developer are rallying 7.14%, through early trading on Tuesday, October 24, 2017. Over the past month, Vitality Biopharma, Inc. has seen average daily volume of 106,344 shares. However, volume of 131,364 shares or dollar volume of $216,750, has already exchanged hands on the day.
Shares of Vitality Biopharma, Inc. are gaining today, after the company announced that it has received positive results in a preclinical efficacy study for the treatment of colitis. The company is developing a new class of CBD drugs, called cannabosides, which can be helpful in treating irritable bowel syndrome. Here is the full press release detailing of the positive efficacy results for its CBD treatment if IBD:
Vitality Biopharma, Inc. Press Release:
LOS ANGELES, CA–(Marketwired – Oct 19, 2017) – Vitality Biopharma, Inc. (OTCQB: VBIO) (“Vitality” or the “Company”), a corporation dedicated to the development of cannabinoid prodrug pharmaceuticals, and to unlocking the power of cannabinoids for the treatment of serious neurological and inflammatory disorders, today announced additional positive preclinical efficacy results for the treatment of colitis.
Vitality Biopharma has developed a new class of cannabinoid prodrugs, known as cannabosides, which upon ingestion can be targeted and limited to the gastrointestinal tract, thereby avoiding drug psychoactivity and unforeseen side effects. The Company has now successfully completed studies that demonstrate the efficacy of multiple different cannaboside drug formulations for treating preclinical models of colitis. Multiple different cannaboside drug formulations were able to reduce weight loss, decrease damage to the colon, and markedly improve gastrointestinal health compared to the placebo controls.
Based on these positive results, Vitality is advancing cannabosides into first-in-man clinical trials and later will conduct proof-of-concept clinical testing for treatment of inflammatory bowel disease (IBD). Vitality’s cannabosides may be especially useful for pediatric IBD, as they are designed to deliver cannabinoids to the gastrointestinal tract while avoiding drug psychoactivity. According to the Crohn’s & Colitis Foundation of America, approximately 1.6 million Americans currently have inflammatory bowel disease and this figure includes as many as 80,000 children.
“Many families who seek alternatives to standard pharmaceuticals, either because of perceived toxicity or because they have had an inadequate response to these drugs, have asked about the use of cannabinoids for the treatment of their IBD,” said Dr. David Ziring, a pediatric gastroenterologist at Cedars-Sinai Medical Center in Los Angeles, Assoc. Director of the Cedars-Sinai Pediatric Inflammatory Bowel Disease Program, and a consultant to Vitality Biopharma. “The prospect of gut-restricted cannabinoids that modulate the local gut immune system but avoid the traditional psychoactive effects of THC is compelling and timely, and could be very well received not only by patients and their families but also by other treating physicians.”
About Vitality Biopharma (OTCQB: VBIO)
Vitality Biopharma is dedicated to unlocking the power of cannabinoids for the treatment of serious neurological and inflammatory disorders. For more information, visit: www.vitality.bio. Follow us on Facebook, Twitter and LinkedIn.
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This news release contains “forward-looking statements” as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.