Lexaria Bioscience Corp (LEXX) soared 28.07% for July 21

Equities Staff  |

Lexaria Bioscience Corp (NASDAQ: LEXX) shares soared 28.07%, or $1.85 per share, to close Wednesday at $8.44. After opening the day at $8.38, shares of Lexaria Bioscience fluctuated between $12.50 and $8.13. 53,469,454 shares traded hands an increase from their 30 day average of 74,668. Wednesday's activity brought Lexaria Bioscience’s market cap to $43,080,562.

About Lexaria Bioscience Corp

Lexaria Bioscience Corp.'s proprietary drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules, thereby lowering overall dosing. The Company's technology can be applied to many different ingestible product formats, including foods, beverages, oral suspensions, tablets, and capsules. DehydraTECH has repeatedly demonstrated since 2016 with cannabinoids and nicotine the ability to increase bio-absorption by up to 5-10x, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is planned to be further evaluated for orally administered bioactive molecules, including anti-virals, cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), and nicotine. Lexaria has licensed DehydraTECH to multiple companies including a world-leading tobacco producer for the development of smokeless, oral-based nicotine products and for use in industries that produce cannabinoid beverages, edibles, and oral products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 18 patents granted and approximately 60 patents pending worldwide.

Visit Lexaria Bioscience Corp’s profile for more information.

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To get more information on Lexaria Bioscience Corp and to follow the company’s latest updates, you can visit the company’s profile page here: Lexaria Bioscience Corp’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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