Lexaria Bioscience Corp. Expands Studies Of Proprietary Platform In Multibillion-Dollar GLP-1 Drug Space
Portfolio Pulse from Benzinga Newsdesk
Lexaria Bioscience Corp. (NASDAQ:LEXX) is expanding its studies of its proprietary DehydraTECH platform in the GLP-1 drug space, a market estimated to reach $82.93 billion by 2027. The company's early studies in 2022 showed positive effects of lowering glucose levels, body weight, and triglyceride levels, and increased locomotor activity.
November 01, 2023 | 12:31 pm
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Lexaria Bioscience is expanding its studies of DehydraTECH in the GLP-1 drug space, showing promising early results. This could potentially boost the company's position in the diabetes drug market.
The news of Lexaria Bioscience expanding its studies in the GLP-1 drug space, which is expected to reach $82.93 billion by 2027, is highly relevant and important for the company. The early positive results from the studies could potentially boost the company's stock as it indicates progress in their research and development efforts, and potential for increased future revenues.
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