By Lexaria Bioscience Corp. on Tuesday, 15 January 2019
Category: Pharmaceutical - BioTech

Lexaria Bioscience announces partnership with U.S. giant Altria to fund R&D

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Lexaria Bioscience (CSE:LXX-OTCQX:LXRP) CEO Chris Bunka joined Steve Darling from Proactive Investors Vancouver to talk about Lexaria's new partnership with U.S. tobacco giant Altria.

Altria will fund a milestone-based research & development program in exchange for a minority equity interest in Lexaria Nicotine. Altria will provide initial funding of US$1 million, with the option for additional funding of up to US$12 million.

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