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devonian health group inc (GSD) Details

Devonian Health Group Inc., a pharmaceutical company, engages in the development of botanical drugs. Its lead product candidate is Thykamine, which is in Phase II clinical trials for the treatment of ulcerative colitis and atopic dermatitis. It also develops value-added products for dermo-cosmetics. The company was incorporated in 2013 and is headquartered in Québec, Canada.

Founded in 2013

devonian health group inc (GSD) Top Compensated Officers

Chairman, President, CEO & Secretary
Total Annual Compensation: C$244.3K
CFO & Corporate Controller
Total Annual Compensation: C$32.0K
Compensation as of Fiscal Year 2018.
devonian health group inc
Devonian Health Group Inc. Reports Earnings Results for the Third Quarter Ended April 30, 2019

Devonian Health Group Inc. announced earnings results for the third quarter ended April 30, 2019. For the third quarter, the company announced net loss was CAD 989,556 compared to CAD 597,759 a year ago. For the nine months, net loss was CAD 2.045 million compared to CAD 2.025 million a year ago.

Devonian Announces the Filing of a New Patent Application Related to Use of Thylakoids as Delivery System for Cannabinoïds and Other Liposoluble Molecules

Devonian Health Group Inc. announced that the company has filed a patent application for the use of thylakoids as delivery system for cannabinoids and other liposoluble molecules for pharmaceutical and cosmetic applications. The patent application relates to thylakoids and functional derivatives, as carriers for molecules. More specifically, this invention relates to a composition comprising functional thylakoids, particularly in specific formulations that ensure the integrity and functionality of molecules, particularly liposoluble molecules, that are difficult to formulate, to increase their bioavailability. The patent covers the extraction of cannabinoids-containing thylakoids from plant such as Cannabis sativa, indica or hemp. It also covers the incorporation of liposoluble molecules, such as cannabinoids, into thylakoids extracted from any photosynthetic organism.

Devonian Signs a Binding Letter of Intent with Histapharm Inc. to Extract and Manufacture Their Proprietary Botanical Pharmaceutical Product and to Enter into a Strategic Partnership for the Development of New Products

Devonian Health Group Inc. and Histapharm Inc. announced that they have signed a binding Letter of Intent ("LOI") to negotiate the terms establishing Devonian as the exclusive site for the extraction and manufacturing of Histapharm’s proprietary botanical drug. Histapharm’s product targets the degradation of histamine being a different approach compared to treatments using antihistamine technologies. The LOI also includes the set-up of a Strategic Partnership focused on the development of new products for dermatological applications. Under the LOI, Devonian will be the exclusive site for the extraction and manufacturing of the botanical drug containing diamine oxydase (DAO). Furthermore, under the Strategic Partnership, Devonian and Histapharm will develop new products, derived from the combination of their respective platforms, products and know-how. In order to facilitate the Partnership, Histapharm intends to set up its head office in close proximity to Devonian. The Manufacturing Agreement must be executed within the next 150 days and the Strategic Partnership by November, 30, 2019.

 

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