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Lexaria Bioscience Corp. Warrant - $LEXXW STOCK NEWS

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Rhea-AI Summary
Lexaria Bioscience Corp. successfully closes a registered direct offering, raising approximately $3.6 million for research and development studies, patent costs, and general working capital. The offering includes the sale of 1,558,443 shares of common stock and unregistered warrants to purchase additional shares at a purchase price of $2.31 per share and an exercise price of $2.185 per share, respectively.
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Lexaria Bioscience Corp. announces a registered direct offering and private placement of common stock and warrants, aiming to raise funds for future growth.
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-9.23%
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Lexaria Bioscience Corp. has submitted an Investigational New Drug application with the FDA for its U.S. phase 1b hypertension clinical trial of DehydraTECH-CBD. The company has successfully sponsored five human clinical studies, showing significant reductions in blood pressure. The FDA has a 30-day review period before the trial can commence, and Lexaria is eager to start pending funding.
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-1.33%
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Lexaria Bioscience Corp. CEO Chris Bunka provides an annual letter to stakeholders, discussing the challenges faced in 2023 due to capital market conditions and the positive advancements made by the company. Despite the decline in stock price, Lexaria managed to raise capital to fund operations and maintain its Nasdaq listing. The company also welcomed new shareholders and filed a Form S-8 Registration Statement to register additional shares under the Incentive Equity Plan.
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3.29%
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Lexaria Bioscience Corp. announces an extensive planned research program to evaluate the DehydraTECH drug delivery platform for GLP-1 drugs, aiming to support potential commercial partnerships. The program includes human and animal studies on semaglutide, liraglutide, and tirzepatide, with the goal of improving oral delivery and stability of these drugs. The company aims to address the market need for enhanced performance and broader oral delivery of GLP-1 drugs, as well as to determine the commercial applicability of DehydraTECH to these drugs.
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2.65%
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Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) announces the anticipated submission of an Investigational New Drug (IND) application with the U.S. FDA for its planned U.S. Phase 1b Hypertension Clinical Trial, following a supplier-related delay. The company has conducted five human clinical trials studying DehydraTECH-CBD, showing significant reductions in resting blood pressure and zero serious adverse events, indicating potential clinical benefits. The latest study demonstrated a potentially novel mechanism of action of DehydraTECH-CBD in reducing blood pressure.
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-4.64%
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Lexaria Bioscience Corp. (LEXX) announces positive interim results from a human pilot study evaluating DehydraTECH technology for the oral delivery of the GLP-1 drug semaglutide. The study shows sustained lower levels of blood glucose, a lower blood-glucose spike after eating, and a successful first-ever DehydraTECH test with a 'large molecule' drug.
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-1.84%
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Lexaria Bioscience grants exclusive license to SulfoSyn for non-pharmaceutical uses of DehydraTECH-sulforaphane
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-6.63%
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Lexaria Bioscience Corp. announces the granting of two new patents, bringing their total patent portfolio to 37.
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Lexaria Bioscience Corp. announces securities purchase agreement to raise approximately $1.6 million through registered direct offering and concurrent private placement.
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3.09%
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Lexaria Bioscience Corp. Warrant

Nasdaq:LEXXW

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Medicinal and Botanical Manufacturing
Manufacturing
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United States of America
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