On May 7, 2018, AXIM Biotechnologies, Inc. (the Company) enteredintoa Supply Agreement with Noramco, Inc. for the long term purchase of pharmaceutical grade dronabinol. The agreement outlines an initial purchase of the Active Pharmaceutical Ingredient (API) dronabinol, which is a synthetic form of tetrahydrocannabinol (THC), to be used in the Companys clinical trials for treatment of
chemotherapy-induced nausea/vomiting andanorexia associated with weight loss in patients with cancer or AIDS
. The Company intends to microencapsulate the API and formulate it into its proprietary controlled-release chewing gum delivery system, which will go through an open-label bioequivalence study comparing the bioavailability and therapeutic equivalence of the Companys product to th e FDA-approved r
eference listed drug
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AXIM BIOTECHNOLOGIES, INC.
Dated: May 11, 2018
/s/ Dr. George E. Anastassov
Name: Dr. George E. Anastassov
Chief Executive Officer
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Other recent filings from the company include the following:
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