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Kannalife, Inc. Issues Update on Intellectual Property and Patent EstateDOYLESTOWN, Pa., Jan. 22, 2020 (GLOBE NEWSWIRE) -- Kannalife, Inc. (“Kannalife” or the “Company”) (OTCQB: KLFE), a biopharmaceutical company specializing in the research and development of cannabinoid therapeutics, announced today the following update on its intellectual property revolving around its global WIPO/PCT Patent WO2015/106108A2 titled "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy” (the “PCT Patent”). Since the filing of the PCT Patent in 2015, the Company has received patent approval in the following jurisdictions: U.S. Patent 9,611,213 "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy," U.S. Patent 10,004,722 “Method for treating hepatic encephalopathy or a disease associated with free radical mediate stress and oxidative stress with novel functionalized 1,3-benzene Diols,” Japanese Patent JP6486950B2 "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy" and Russian Patent RU2676475C2 “Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy.” Additionally, Kannalife’s application for patent protection of its intellectual property has been accepted in the European Union (EU), China, and Australia. The Company is awaiting notice from Canada, Brazil and India for notice of acceptance. The Company anticipates receipt of patent grants from the EU, China and Australia sometime during the first and second quarters of 2020. “In 2015 when we filed our WIPO/PCT patent application, we chose what we believe to be the most viable pharmaceutical markets for moving our compounds into clinical trials, and for commercialization efforts, including potential collaborations and out licensing to big pharma,” stated Dean Petkanas, CEO of Kannalife. In 2017, the pharmaceutical arkets within the U.S., Canada, parts of Europe (consisting of Germany, France, Italy, UK, Spain and Greece), Brazil, China, Japan, Russia1, India2, and Australia3 made up estimated global sales4 of just over $800 billion, representing approximately 72% of all pharmaceutical sales worldwide5. Kannalife’s intellectual property estate of the KLS Family of cannabidiol (CBD)-like molecules led by KLS-13019, as the patent states, are molecules capable of acting as neuroprotective agents and could potentially be useful for the treatment of epilepsy, neuropathic pain, traumatic head injury, stroke, Chronic Traumatic Encephalopathy (CTE), Post Cardiac Arrest Hypoxic Ischemic Encephalopathy, Epileptic Encephalopathy, and neurodegenerative diseases such as Parkinson's disease, Alzheimer's, Huntington's disease, and amyotrophic lateral sclerosis (ALS). Currently, its leading drug candidate KLS-13019, a CBD-like molecule is being investigated in pre-clinical studies for the potential treatment of neuropathic pain. Through extensive testing, Kannalife has identified a potent, non-opioid alternative to the frontline treatment of chemotherapy-induced peripheral neuropathy (CIPN). About KLS-13019 About Kannalife, Inc. The Company's family of proprietary molecules focuses on treating oxidative stress-related diseases such as HE, chronic pain from neuropathies like CIPN, and neurodegenerative diseases like CTE. Kannalife conducts its research and development efforts at the Pennsylvania Biotechnology Center of Bucks County in Doylestown, PA. For more information about Kannalife, Inc., visit www.kannalife.com and visit the Company’s Twitter page at @Kannalife. Forward-Looking Statements References
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