logo-loader
viewCallitas Health Inc

Callitas Health signs deal to expand cannabis-delivery technology portfolio

The patent agreement will be in exchange for high single-digit royalties on net sales or net proceeds from the technology

Injection.
Callitas Health is a clinical-stage pharmaceutical development and OTC consumer goods marketing company

Callitas Health Inc. (CSE:LILY) (OTCQB:MPHMF) announced on Tuesday it signed a patent technology assignment agreement with doctor Ronald Thompson to expand its cannabis delivery technology portfolio.

The deal for four separate patent applications will cover various oral and ingestible products. They include those for orally dissolving goods with an immediate cannabis effect, a sustained release cannabis product, and a combination of both. It will also cover products for the appropriate individual controlled dosing of CBD and/or THC for the legal, adult use and medical marijuana markets.

''Using our clinically-proven delivery technology, pharmaceutical development and intellectual property experience, we have developed and acquired multiple new patent applications that define and protect a continuum of novel advanced cannabis dosing technologies,'' said Callitas CEO James Thompson.

BIG PICTURE: Callitas Health banks on CannaStrips and OTC products while swinging for the fence with blockbuster drugs

''These new delivery and dosing technologies will create a new platform of products for both the legal, medical and adult-use cannabis markets," he added.

The agreement with Doctor Thompson provides for full assignment of the intellectual property rights, including patents that are pending, any patents to be filed in the future and any/all trade secrets and proprietary information, in the cannabis dosing space to Callitas Health in exchange for a high single-digit royalty on net sales or net proceeds from the assigned/licensed technology.

Callitas Health is a clinical-stage pharmaceutical development and OTC consumer goods marketing company.

The company is based in Cincinnati, Ohio.

Quick facts: Callitas Health Inc

Price: - CAD

CSE:LILY
Market: CSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

LexaGene hires two salespeople to tackle diagnostic and vet market with new...

LexaGene (CVE: LXG-OTCQB: LXXGF) CEO Dr Jack Regan joined Steve Darling from Proactive Vancouver with news the company has made two key sales hires as they look to begin to roll out their genetic analyzers for rapid pathogen detection called MiQLab. Regan says they are hiring in the...

2 hours, 7 minutes ago

2 min read