Two other tranches of $500,000 each will be purchased by the Investor conditional on certain criteria.
Therapix Biosciences Ltd. is a clinical-stage pharmaceutical company. Its focus is creating a portfolio of cannabinoid pharmaceuticals. It is currently engaged in drug development programs based on repurposing an FDA-approved cannabinoid (Dronabinol) as follows:
-THX-110 for treatment of Tourette syndrome (TS), Obstructive Sleep Apnea (OSA), and Pain;
-THX-130 for the treatment of Mild Cognitive Impairment (MCI) and Traumatic Brain Injury (TBI);
-THX-150 for the treatment of infectious diseases;