WEST HILLS, N.Y., Feb. 17, 2014 – KannaLife Sciences, Inc. (“KannaLife”) announces that it has entered into a Materials Transfer and Testing Agreement with the Natural Product Discovery Institute (NPDI), a division of the Baruch S. Blumberg Institute (BSBI), to provide KannaLife with access to a collection of more than 100,000 extracts from plants, fungi, and bacteria, previously owned by Merck and donated to the Institute in 2011. The NPDI natural products library is regarded as one of the best collections of screen ready druggable libraries made from living organisms.
“Signing the MTA with the Institute is an outstanding opportunity for KannaLife to access targeted plant species for the identification of novel phytochemicals to treat the diseases of Chronic Traumatic Encephalopathy (CTE) and Hepatic Encephalopathy (HE). It fits in with our business plan to broaden the range of plant sources for addressing unmet medical needs in the areas of neuroprotection, neurogenesis, and oxidative stress. We are grateful for this excellent opportunity to work with a world class natural products discovery team at the Institute,” stated William Kinney, CSO of KannaLife Sciences, Inc.