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Core One Labs Inc (OTCMKTS: CLABF) Announced Updates Regarding Patent Filing & Retaining IP Law Firm In Canada

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Core One Labs Inc (OTCMKTS: CLABF), a biotechnology research and technology enterprise, is focused on developing psychedelic medicines with the use of novel delivery systems. Core One recently announced a new development regarding the psychedelic drug formulation by Akome Biotech Ltd., its wholly-owned subsidiary. This next-generation formulation is aimed at mitigating neurological damage resulting from ischemic strokes. Alongside, the company also announced to have retained Canada’s Highest-Ranked IP Law Firm, Smart & Biggar LLP, which will handle all IP filings for Core One’s subsidiaries Akome and Vocan Biotechnologies Inc. 

New psychedelic drug development

Akome’s next-generation psychedelic drug formulation, also known as AKO001, comprises a specific plant bioactive and the psychedelic compound N, N-dimethyltryptamine (DMT). Together, these compounds are anticipated to work synergistically and mitigate the neurological damage when administered to patients immediately following the ischemic stroke. Accordingly, Core One has filed a provisional matter of composition patent application with the United States Patent and Trademark Office (USPTO) under application reference 63147343. 

Akome is now identifying Contract Research Organizations for the conduct and management of clinical trials to treat stroke. Joel Shacker, Chief Executive of the company, stated that his team is looking forward to the research and development on this front and will keeping sharing updates on their progress. AKO001 is a promising drug to mitigate the damage from the disabling neurological symptoms experienced after a stroke. 

Retaining an IP law firm

Core One has engaged Smart & Biggar, which has the expertise to enforce IP rights in Canada. Canada’s highest-ranked IP law firm has over a hundred lawyers, patent agents, and trademark agents. Smart and Biggar’s expert team is helping the most successful companies across a wide range of industries to protect, enforce and leverage their intellectual property rights. Shacker expressed that his team is excited to be working with Canada’s top IP law firm. He added that the engagement of Smart & Biggar is the first step towards filing and protecting Core One’s IP rights and the value we intend to create for our shareholders. 

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