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Medical Marijuana, Inc. , the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its investment company AXIM® Biotechnologies, Inc. has announced the development of a rapid diagnostic test measuring levels of functional neutralizing antibodies that are believed to prevent SARS-CoV-2 (COVID-19) from infection. <\/p>\n
Medical Marijuana, Inc. CEO Dr. Stuart Titus commented: “Our portfolio is proud to see the innovation that AXIM has showcased over the past few months and we are optimistic that this test could help make a difference in achieving our end-goal of overcoming this virus. Personally, I think that this kind of ingenuity will set us apart from our competitors and allow us to continue to grow the other facets of our business.”<\/p>\n
Unlike currently available COVID-19 tests that detect an antibody response to the virus, AXIM’s rapid 10-minute test measures a specific subpopulation of antibodies to block the virus from attacking a person’s body. While there are expensive, time-consuming laboratory tests that measure neutralizing antibodies, this test could be offered with easier convenience, lower cost and much faster — results in 10 minutes — than any other test on the market.<\/p>\n
AXIM’s test could also help ensure that vaccines elicit high levels of neutralizing antibodies. When a vaccine is available, manufacturers can employ this test to evaluate its effectiveness in vaccine recipients.<\/p>\n
“We have succeeded at creating a test that is cost-efficient, accurate and fast – hopefully serving as an ‘Immunity Passport™’ for vaccine developers as they begin larger Phase II and III clinical trials,” AXIM® Biotech CEO John W. Huemoeller II said.<\/p>\n
AXIM has filed a Pre-Emergency Use Authorization and is compiling the necessary data from numerous tests recently completed that are needed to apply for an EUA from the FDA. AXIM makes clear that while the Company intends to file an EUA with the U.S. FDA, the U.S. FDA has not yet approved the Company’s diagnostic test and there is no guarantee that any EUA once filed will be approved.<\/p>\n
About AXIM® Biotechnologies<\/strong><\/p>\n Founded in 2014, AXIM® Biotechnologies, Inc. (AXIM) is a vertically integrated research and development company focused on changing diagnosis and treatment for oncology and SARS-CoV-2 (Covid-19). AXIM’s NeuCovixTM<\/sup> is the first rapid diagnostic test measuring levels of functional neutralizing antibodies that are believed to prevent SARS-CoV-2 from entering the host cells. Additionally, the Company is developing rapid diagnostic tests for the early detection of cancer and proprietary small molecules drugs to treat cancer and block metastasis. For more information, please visit www.AXIMBiotech.com.<\/p>\n About Medical Marijuana, Inc.<\/strong><\/p>\n We are a company of firsts®. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds®; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM® Biotechnologies, Inc. and Kannalife, Inc. Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company’s flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.<\/p>\n <\/p>\n CONTACT: Investor Relations Contact: Tags:<\/b> Public Relations Contact:
<\/strong>Public Relations Contact:
<\/strong>Andrew Hard
<\/strong>Chief Executive Officer
<\/strong>CMW Media
<\/strong>P. 858-264-6600
<\/strong>andrew.hard@cmwmedia.com
www.cmwmedia.com<\/p>\n
P. (858) 283-4016
Investors@medicalmarijuanainc.com <\/p>\nSee Campaign: <\/strong>http:\/\/medicalmarijuanainc.com<\/a>
Contact Information:<\/b>
Public Relations Contact:
\nAndrew Hard
\nChief Executive Officer
\nCMW Media
\nP. 858-264-6600
\nandrew.hard@cmwmedia.com<\/p>\n
<\/a>, Wire<\/a>, Disclosure Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
\nContact Information:<\/h3>\n
\nAndrew Hard
\nChief Executive Officer
\nCMW Media
\nP. 858-264-6600
\nandrew.hard@cmwmedia.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Medical Marijuana, Inc. , the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its investment company AXIM® Biotechnologies, Inc. has announced the development of a rapid diagnostic test measuring levels of functional neutralizing antibodies that are believed to prevent SARS-CoV-2 (COVID-19) … Continue reading Medical Marijuana, Inc. Investment Company AXIM® Biotechnologies Unveils World’s First COVID-19 Rapid Diagnostic Test for Neutralizing Antibodies and Files Pre-Emergency Use Authorization<\/span><\/a> Continue Reading