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Acorda Therapeutics Debuts Art Exhibition Inspired by People with Parkinson’s at the 5th World Parkinson Congress

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  • Framing OFF Through Art℠ gallery illustrates individuals’
    experience with OFF periods
  • New research on OFF periods to be presented at conference plenary
    session

ARDSLEY, N.Y.–(BUSINESS WIRE)–Acorda Therapeutics, Inc. (NASDAQ: ACOR) today announced that it will
debut an art gallery inspired by people with Parkinson’s (PwP) at the 5th
World Parkinson Congress (WPC) in Kyoto, Japan. The six pieces of art,
ranging from acrylic sculptures to oil paintings, are the centerpiece of
Acorda’s Framing
OFF Through Art
initiative. OFF periods are the re-emergence of
Parkinson’s symptoms, and affect approximately 40 percent of the one
million people living with Parkinson’s in the U.S. This initiative
builds on Acorda’s “Live Well. Do Tell.℠” program; its goal is to help
initiate effective conversations about OFF periods between PwPs and
their healthcare professionals.

Framing OFF Through Art uses the power of art to help PwPs better
identify and articulate their experiences with OFF periods. It includes
a series of artworks inspired by the personal stories of people with
Parkinson’s and their care partners. The artworks were created by
artists who also have a personal connection to the disease. Conference
attendees can view the gallery and learn more at Acorda’s booth, #209.

“Research has consistently shown that OFF periods are among the most
common issues for people living with Parkinson’s disease,” said Ron
Cohen, M.D., Acorda’s President and CEO. “This re-emergence of
Parkinson’s symptoms can occur unexpectedly, up to several times a day,
despite daily medication regimens; this causes enormous disruption and
distress to the people who experience this. In addition, each person’s
experience with OFF periods is unique and can be difficult to describe.
We believe that people with Parkinson’s will be able to see aspects of
their own experiences with Parkinson’s and OFF periods in these works of
art, and use this as an opportunity to discuss their symptoms with their
healthcare team.”

In addition, new research on the nature and diversity of Parkinson’s
disease will be presented by Connie Marras, M.D., Ph.D., associate
professor at University Health Network, University of Toronto, during
the Morning Plenary on June 6, 2019, at 9:30 am JST. Dr. Marras will
also be presenting research around OFF periods during the poster tour on
June 5, 2019. The research on OFF periods was supported by an Acorda
Therapeutics research grant, administered by The Michael J. Fox
Foundation for Parkinson’s Research.

Acorda is also a gold sponsor of the WPC
2019 Art Walk
– a series of art, live music and dance exhibits. One
of these exhibits, “Soaring with Hope for PD,” features an installation
of 15,000 origami cranes with messages of hope from 39 countries.

About “Live Well. Do Tell.”

“Live Well. Do Tell.” is an initiative created by Acorda with input from
a multi-disciplinary Steering Committee of Parkinson’s community
leaders. The goal of the program is to develop tools to address
communication gaps among people with Parkinson’s, their care partners
and their healthcare professionals.

The Steering Committee included people with Parkinson’s, care partners,
movement disorder specialists, a nurse practitioner and representatives
from key advocacy groups, including the American Parkinson’s Disease
Association, Caregiver Action Network, Davis Phinney Foundation, The
Michael J. Fox Foundation, Parkinson’s Foundation, the Parkinson &
Movement Disorder Alliance and the World Parkinson Coalition.

For more information about “Live Well. Do Tell.” and Framing OFF
Through Art,
visit LiveWellDoTell.org.

About Parkinson’s and OFF Periods

Parkinson’s is a progressive neurodegenerative disorder resulting from
the gradual loss of certain neurons. These neurons are responsible for
producing dopamine and that loss causes a range of symptoms including
impaired movement, muscle stiffness and tremors. As Parkinson’s
progresses, people are likely to experience OFF periods, which are
characterized by the return of Parkinson’s motor and non-motor symptoms;
these can occur even in the presence of regular maintenance therapy.
Approximately one million people in the U.S. and 10 million people
worldwide are living with Parkinson’s; approximately 40 percent of
people with Parkinson’s in the U.S. are estimated to experience OFF
periods.

About Acorda Therapeutics

Acorda Therapeutics develops therapies to restore function and improve
the lives of people with neurological disorders. For more information on
Acorda products and pipeline, visit: https://www.acorda.com/products.

Forward-Looking Statement

This press release includes forward-looking statements. All statements,
other than statements of historical facts, regarding management’s
expectations, beliefs, goals, plans or prospects should be considered
forward-looking. These statements are subject to risks and uncertainties
that could cause actual results to differ materially, including: we may
not be able to successfully market Inbrija or any other products under
development; risks associated with complex, regulated manufacturing
processes for pharmaceuticals, which could affect whether we have
sufficient commercial supply of Inbrija to meet market demand; third
party payers (including governmental agencies) may not reimburse for the
use of Inbrija or our other products at acceptable rates or at all and
may impose restrictive prior authorization requirements that limit or
block prescriptions; competition for Inbrija, Ampyra and other products
we may develop and market in the future, including increasing
competition and accompanying loss of revenues in the U.S. from generic
versions of Ampyra (dalfampridine) following our loss of patent
exclusivity; the ability to realize the benefits anticipated from
acquisitions, among other reasons because acquired development programs
are generally subject to all the risks inherent in the drug development
process and our knowledge of the risks specifically relevant to acquired
programs generally improves over time; we may need to raise additional
funds to finance our operations and may not be able to do so on
acceptable terms; the risk of unfavorable results from future studies of
Inbrija (levodopa inhalation powder) or from our other research and
development programs, or any other acquired or in-licensed programs; the
occurrence of adverse safety events with our products; the outcome (by
judgment or settlement) and costs of legal, administrative or regulatory
proceedings, investigations or inspections, including, without
limitation, collective, representative or class action litigation;
failure to protect our intellectual property, to defend against the
intellectual property claims of others or to obtain third party
intellectual property licenses needed for the commercialization of our
products; and failure to comply with regulatory requirements could
result in adverse action by regulatory agencies.

These and other risks are described in greater detail in our filings
with the Securities and Exchange Commission. We may not actually achieve
the goals or plans described in our forward-looking statements, and
investors should not place undue reliance on these statements.
Forward-looking statements made in this press release are made only as
of the date hereof, and we disclaim any intent or obligation to update
any forward-looking statements as a result of developments occurring
after the date of this press release.

Contacts

MEDIA:
Tierney Saccavino
(914) 326-5104
[email protected]

INVESTOR RELATIONS:
Felicia Vonella
(914) 326-5146
[email protected]


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Cannabis

Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand

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IMC to transfer its Oranim Pharmacy shares back to the seller

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imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller

TORONTO and GLIL YAM, Israel, April 16, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IMC“), a leading medical cannabis company with operations in Israel and Germany, is announcing that, further to the news release dated January 12, 2024, the Company has decided not to make remaining installment payments installments (i.e. NIS 5,873K including interest or 2,154K CAD) by IMC Holdings Ltd., and as such will transfer the 51% shares held by IMC Holdings Ltd back to the  seller.

“With the April 1st cannabis legalization in Germany, we are focusing our resources on the German market, where we expect to see the biggest growth potential,” said Oren Shuster, CEO of IMC. “With both of our core markets, Germany and Israel, currently undergoing rapid evolution, we need to assure that we allocate our resources to the growth opportunities where we expect the best return on investment.”

About IM Cannabis Corp.

IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has recently exited operations in Canada to pivot its focus and resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.

The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC’s products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. Until recently, the Company also actively operated in Canada through Trichome Financial Corp and its wholly owned subsidiaries, where it cultivated, processed, packaged, and sold premium and ultra-premium cannabis at its own facilities under the WAGNERS and Highland Grow brands for the adult-use market in Canada. The Company has exited operations in Canada and considers these operations discontinued.

Disclaimer for Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to,  the occurrence of growth opportunities and the likelihood of growth potential.

Forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to: the development and introduction of new products; continuing demand for medical and adult-use recreational cannabis in the markets in which the Company operates; the Company’s ability to reach patients through both e-commerce and brick and mortar retail operations; the Company’s ability to maintain and renew or obtain required licenses; the effectiveness of its products for medical cannabis patients and recreational consumers; and the Company’s ability to market its brands and services successfully to its anticipated customers and medical cannabis patients.

The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward looking statements due to a number of factors and risks. These include: any failure of the Company to maintain “de facto” control over Focus Medical in accordance with IFRS 10; the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the effect of the reform on the Company; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical (collectively, the “Group”) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East

Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made.

The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Company Contacts:

Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]

Oren Shuster, Chief Executive Officer
IM Cannabis Corp.
[email protected]

Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller-302117984.html

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Cannabis

Right on Brands Announces Major Product Line Expansion via HONEY® Brands

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GrassNews.net: Your premier portal for the latest developments in the cannabis industry. We provide timely news, insightful analysis, and in-depth features on everything from legislation changes and business trends, to scientific research and lifestyle topics. Stay informed and navigate the rapidly evolving cannabis landscape with GrassNews.net..

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