{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICA4Kr7lIULDA","lastupdate":"2021-01-07T00:00:00.000Z","update_date":"2021-01-07T00:00:00.000Z","lastModified":"Sep 21, 2024","active":1,"confidence_score":89,"confidence_score_reason":"video or image, markets, not claimed","urlname":"stero-biotechs","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$x9WeRfqDscZ7zMIX3tlFgYFHNCRfcp1GLMVQsqPludo3Ls0HKNVYpg","name":"Stero Biotechs","oneliner":"CBD-based Treatment Solutions","registrar":"515604460","website":"https://sterobiotechs.com","careerspage":"","founded_month":2,"founded_year":2017,"formernames":[],"sociallinks":{"twitter":"","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/15807532","instagram":""},"social":["https://www.linkedin.com/company/15807532"],"flattenedsociallinks":"https://www.linkedin.com/company/15807532","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":null,"employees":"1-10","employees_exact":2,"patent":1,"raised":1000000,"stage":"Seed","public_stage":"Seed","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4LuwgtgKDA","primary_sector":"Health Tech & Life Sciences","alternativenames":["Stero-Biotechs","Stero"],"about":"STERO Biotechs is a clinical-stage company that researches and develops novel and improved treatment solutions designed to benefit patients by reducing the side effects of and need for steroid therapy. STERO uses cannabidiol (CBD), a non-psychotropic component of cannabis sativa, which has been shown to possess potent immunomodulatory and anti-inflammatory properties in a variety of indications.\r\n\r\nThe company has commenced several clinical trials, including phase 2a clinical trials for steroid dependent Crohns disease (IBD) in Q1 2020 and for chronic urticaria (hives) in Q3 2020. In addition, STEROs phase 1/2 clinical trial treating patients with severe COVID-19 started in Q1 2021. Additional clinical trials for more indications are in the pipeline for 2021.\r\n\r\nSTERO Biotechs was established in partnership with Mor Research Applications, the technology transfer unit of CLALIT Health Services.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+97236176173","country":null,"address":{"israeli":[{"id":"a27c798e-b9a6-4ad0-9529-5307988ce04a","city":"Bnei Brak","type":null,"address":"Baruch Hirsch Street 14, Bnei Brak, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"Center District","news":[{"id":"c1d7ab0a-a222-49d3-9017-d5ab54caa96b","date":"Jan 5, 2021","link":"https://www.prnewswire.com/news-releases/stero-biotechs-supports-an-exploratory-study-of-cbd-based-treatment-for-covid-19-severe-patients-301200798.html?tc=eml_cleartime","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"clinical trial","company":"Stero Biotechs","layoffs":null,"summary":"Stero Biotechs is supplying and supporting a clinical trial for Cannabidiol Treatment of Severe and Critical COVID-19 Pulmonary Infection at Rabin Medical Center. The study aims to benefit COVID-19 patients in severe states with respiratory failure. Stero plans to expand the study pending the success of the Proof of Concept phase. Stero Biotechs is a clinical-stage company focused on CBD formulation research and development. They have a strong partnership with MOR Research Applications, the TTO of CLALIT HEALTH SERVICES.","partners":"MOR Research Applications","customers":null,"investors":null,"confidence":9,"key_topics":["Cannabidiol","COVID-19","Clinical trial","Steroid treatment","Partnership"],"date_of_event":"2021-01-05","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"JuHUk7WK2cyKQ3V4JCuIXZk9DMNglvygMltrYp9BYcgcVFrfBMPZue","news_summary":"Stero Biotechs supports an Exploratory Study of CBD-based treatment for COVID-19 severe patients","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4c6d1f2c-783a-4901-a198-9465c80e6531","date":"Aug 5, 2020","link":"https://www.israel-cannabis.com/press-release/stero-biotechs-announces-first-patient-in-phase-2a-clinical-trial-for-cbd-effects-on-chronic-spontaneous-urticaria/","source":"www.israel-cannabis.com","visible":1,"analysis":{"tags":"Medical Cannabis, Business Services","company":"iCAN","layoffs":"Not mentioned","summary":"The article is about iCAN, an Israeli company that is globally recognized in the medical cannabis industry. The company is focused on developing novel cannabis formulations and devices. iCAN Services provides business and scientific services for cannabis companies in all stages of development. The company also has a joint venture with Steep Hill, a global leader in cannabis testing and genomics, to build a world-class advanced testing facility and set the global standard in cannabis testing.","partners":"Steep Hill","customers":"Not mentioned","investors":"Not mentioned","confidence":8,"key_topics":["Medical Cannabis","Cannabis Industry","Cannabis Research","Cannabis Formulations","Cannabis Devices"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"Neutral","investment_amount":"Not mentioned","structured_issues":"Partners","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Partners","entityGrowthIconPath":"none;"},"sentiment":"Neutral","analysisId":"KaREHwDk8YwRmD7karnqHqXgVRZy7oJHjW01kmJCovEmEQLOC2vSdy","news_summary":"https://www.israel-cannabis.com/press-release/stero-biotechs-announces-first-patient-in-phase-2a-clinical-trial-for-cbd-effects-on-chronic-spontaneous-urticaria/","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"43d2498a-13a0-48fd-aae1-784213a71a35","date":"Jun 18, 2020","link":"https://www.israel21c.org/cbd-may-improve-steroid-therapy-in-autoimmune-covid-19-patients/","source":"www.israel21c.org","visible":1,"analysis":{"tags":"Cannabis, Covid-19, Clinical Trials","company":"Stero Therapeutics","layoffs":"Not mentioned","summary":"Israeli canna-tech startup Stero Therapeutics was set to launch a clinical trial with 10 Covid-19 patients at Rabin Medical Center in Petah Tikva when the hospital ran out of patients due to the decrease in new Covid-19 cases. Stero is now turning its attention toward Europe, where there is still no shortage of people suffering from the virus. Stero aims to determine if CBD, the non-psychoactive component in cannabis, can enhance the effect of corticosteroids or enable reducing steroid dosage while maintaining or improving its therapeutic effects.","partners":"Clalit","customers":"Not mentioned","investors":"Clalit","confidence":8,"key_topics":"Cannabis, Covid-19, Clinical Trials, Steroids, Autoimmune Diseases","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"$1 million","structured_issues":"Investment, Expand","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment, Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"LnpfSfCLyWFR8BsDmS8NX5cGGpLYVHB30HLyKTCWFla0KkUJBZxUXa","news_summary":"CBD may improve steroid therapy in autoimmune, Covid-19 patients","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"71c7622b-ac9b-4799-906a-384456f27215","date":"May 3, 2020","link":"https://www.algemeiner.com/2020/05/03/israeli-biotech-company-starts-clinical-trials-of-cbd-steroid-treatment-for-virus/","source":"www.algemeiner.com","visible":1,"analysis":{"tags":"COVID-19 treatment","company":"Stero Biotechs","layoffs":null,"summary":"Israel-based biotech company Stero Biotechs has started a small-scale clinical trial on the effects of a steroid-Cannabidiol (CBD) treatment on hospitalized COVID-19 patients. The company plans to expand the trial pending its success and aims to enhance the current treatment for life-threatening conditions. Stero Biotechs focuses on the research and development of novel CBD-based treatment solutions.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["Steroid-CBD treatment","Clinical trial","COVID-19 patients","Expansion","FDA guidelines"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"zgisr8z5f4Mz2S3W2CGSn8U2iqc3Hy7MsfcuVDkuqzZDwPiRlcNpLF","news_summary":"Israeli Biotech Company Starts Clinical Trials of CBD-Steroid Treatment for Virus","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"23ddb134-8920-4d07-96f4-9e72740ef5c4","date":"Apr 20, 2020","link":"https://www.prnewswire.com/news-releases/stero-biotechs-announce-an-ip-protected-clinical-trial-for-covid-19-patients-using-a-cbd-steroid-treatment-301043465.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"clinical trial","company":"Stero Biotechs","layoffs":null,"summary":"Stero Biotechs, in collaboration with its partner Mor Research Applications, announced a new clinical trial to treat hospitalized patients with COVID-19 using CBD. The small-scale trial will treat 10 patients initially, with plans to expand to a larger trial if successful. Stero Biotechs has a wide patent covering over 130 autoimmune and inflammatory diseases, allowing for the use of CBD in various forms and dosages. The company aims to enhance the therapeutic effect of steroid treatment for COVID-19 patients. The trial will evaluate the safety and efficacy of the CBD treatment. Stero Biotechs is a clinical-stage company focused on CBD-based treatment solutions.","partners":["Mor Research Applications"],"customers":null,"investors":null,"confidence":8,"key_topics":["CBD","clinical trial","COVID-19","steroid treatment","patent"],"date_of_event":"April 20, 2020","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"2i1wy5UdEFhF2VYcTmBTJVGdz9QsvDD3BEYLM5TKA3tqi0m0iwLtFB","news_summary":"Stero Biotechs Announce an IP Protected Clinical Trial for COVID-19 Patients Using a CBD-Steroid Treatment","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"692277a4-c337-420b-b3d6-72f919428979","date":"Apr 13, 2020","link":"https://www.globenewswire.com/news-release/2020/04/13/2015236/0/en/Kalytera-and-Stero-Biotechs-Will-Not-Proceed-with-Acquisition.html","source":"www.globenewswire.com","visible":1,"analysis":{"tags":"acquisition","company":"Kalytera Therapeutics Inc.","summary":"Kalytera Therapeutics Inc. has announced that it will not proceed with the previously announced acquisition of Stero Biotechs, Ltd. The termination of the acquisition is a growth-negative impact on the company. Kalytera is now in active discussions with other companies to expand and diversify its operations. The key theme of the article is the termination of the acquisition. The structured issue is the acquisition. The article does not mention any investors, customers, or partners. The date of the event described in the article is April 13, 2020. My confidence in the answer is 8/10.","investors":null,"key_topics":["acquisition","termination","expansion","diversification","clinical trials"],"impact_on_company":"growth-negative","structured_issues":["Acquisition"],"structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"Ah9eiEn6a1bV66Bb3CxnfQ1geTRKmmmghA7SKx5fA479qeNocWKOOB","news_summary":"Kalytera and Stero Biotechs Will Not Proceed with Acquisition","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"e9052368-86f5-4264-89d0-83f878f58dc5","date":"Mar 18, 2020","link":"https://www.globenewswire.com/news-release/2020/03/18/2003016/0/en/Kalytera-Provides-Additional-Detail-Regarding-Terms-of-Stero-Biotechs-Ltd-Acquisition.html","source":"www.globenewswire.com","visible":1,"analysis":{"tags":"acquisition","company":"Kalytera Therapeutics Inc.","layoffs":null,"summary":"Kalytera Therapeutics Inc. has provided additional details about its planned acquisition of Stero Biotechs. Stero is a privately held Israeli company developing cannabidiol (CBD) for co-administration with steroids. The acquisition price is $30 million, with $15 million to be paid in Kalytera common shares at closing. Stero has ongoing Phase 2a clinical studies evaluating CBD in steroid sparing, and earlier clinical studies have shown that co-administration of CBD with steroids may significantly reduce the need for steroid treatment. The acquisition is subject to certain conditions and regulatory approvals. At closing, Stero shareholders will receive an initial payment of $15 million in Kalytera shares, which will be approximately 37.5% of Kalyteras outstanding shares.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["acquisition","CBD","steroids","clinical studies","share issuance"],"date_of_event":"March 18, 2020","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Acquisition"],"acquisition_amount":"$30 million","structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"yPwk2JRMOXrRYqxzm2I79xdTxovz1TCoprRsLqliEpdjAjiJVRLUCG","news_summary":"Kalytera Provides Additional Detail Regarding Terms of Stero Biotechs, Ltd. Acquisition","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"22e9ddc2-e484-4b3a-ad1b-72410f7914e1","date":"Mar 16, 2020","link":"https://www.globenewswire.com/news-release/2020/03/16/2000985/0/en/Kalytera-Announces-Extension-of-Maturity-Date-of-Promissory-Note.html","source":"www.globenewswire.com","visible":1,"analysis":{"tags":"acquisition","company":"Kalytera Therapeutics Inc.","layoffs":null,"summary":"Kalytera Therapeutics has announced its intention to acquire Stero Biotechs, a privately held Israeli company developing cannabidiol (CBD) for co-administration with steroids. The acquisition is expected to position Kalytera as a leader in CBD pharmaceutical development. Steros ongoing Phase 2a clinical studies have shown that co-administration of CBD with steroids can significantly reduce the need for steroid treatment. Kalytera plans to engage Canadian and Israeli investment banks and advisers to manage a private placement financing of at least USD $10 million, with USD $6 million allocated to advance their GVHD program. The company will also extend the maturity date of a secured promissory note in favor of the former shareholders of Talent Biotechs Ltd., a subsidiary of Kalytera, to May 15, 2020.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["CBD pharmaceuticals","Steroid sparing","Acquisition","Private placement financing","GVHD program"],"date_of_event":"2020-03-16","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$10M","structured_issues":["Acquisition","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Acquisition  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"5pNCelKwu0WUzEH8zBFlZs2f0AmqFj3xhIDse2gUbZN88SNPnDQrVW","news_summary":"Kalytera Announces Extension of Maturity Date of Promissory Note","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"7403717a-9838-4b27-9a39-1fcc7ce0a97f","date":"Mar 5, 2020","link":"https://www.globenewswire.com/news-release/2020/03/05/1995808/0/en/Kalytera-to-Acquire-Stero-Biotechs-Ltd.html","source":"www.globenewswire.com","visible":1,"analysis":{"tags":"Acquisition, Management Changes","company":"Kalytera Therapeutics, Inc.","layoffs":"N/A","summary":"Kalytera Therapeutics, Inc. has signed a Letter of Intent to acquire Stero Biotechs, Ltd., a privately held Israeli company that is developing cannabidiol (CBD) for co-administration with steroids. The acquisition will bring Kalytera multiple additional CBD pharmaceutical programs and will address large commercial opportunities in steroid sparing. The transaction is expected to close on or about May 1, 2020, and is subject to shareholder approval and other conditions. Upon close of the acquisition, Mr. David Bassa, Chairman and CEO of Stero, will be appointed as Chairman and CEO of Kalytera.","partners":"Stero Biotechs, Ltd.","customers":"N/A","investors":"N/A","confidence":10,"key_topics":["Acquisition","CBD Pharmaceutical Programs","Steroid Sparing","EU Patent","Management Changes"],"date_of_event":"March 05, 2020","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Acquisition","Management Changes"],"acquisition_amount":"USD $30 million","structuredIssuesShow":"#Acquisition  #Management Changes","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"bmeGIURnWlLobX7avvS3PuwMmtaex6DnyHesPdlGWUTy1dju1kN7nZ","news_summary":"Kalytera to Acquire Stero Biotechs, Ltd.","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9d64e52a-f810-4c83-b604-8d678b419212","date":"Sep 16, 2019","link":"https://www.healtheuropa.eu/are-steroids-truly-a-necessary-evil-a-groundbreaking-cbd-based-alternative/93312/","source":"www.healtheuropa.eu","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"yBafyPdcA5qnFlmF2ah2pdzpzZiHpsO1LBG5hAtXozK9uVLWlzCGHb","news_summary":"Are steroids truly a necessary evil? - a groundbreaking CBD-based alternative","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"21894af2-6b20-4f47-81c4-04d099df4133","date":"Jul 30, 2019","link":"https://ibdnewstoday.com/2019/07/30/clinical-trial-in-israel-will-evaluate-cannabidiol-based-product-for-crohns-disease/","source":"ibdnewstoday.com","visible":1,"analysis":{"tags":"CBD-based solution, Crohns disease, clinical trial, steroid-sparing treatment","company":"Stero Biotechs","layoffs":null,"summary":"Stero Biotechs, an Israel-based company, is set to conduct a clinical trial to test a CBD-based solution as a potential treatment for steroid-dependent Crohns disease. The trial aims to evaluate the safety, tolerability, and efficacy of Steros ST-SDCD-01, a steroid-sparing treatment. The randomized, double-blind, placebo-controlled Phase 2a trial will involve 30 people with steroid-dependent Crohns disease and will be conducted at four Israeli medical facilities. Stero Biotechs owns a patent for the use of CBD as a steroid-sparing treatment in over 130 inflammatory and autoimmune diseases.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["CBD-based solution","Steroid-dependent Crohns disease","Clinical trial","Steroid-sparing treatment","CBD"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"vQDyHaDU7ohlaVBnL2j9ZbgGW5NZmoEIhvnbNGZ6lih8w7TLf34VFp","news_summary":"Clinical Trial in Israel Will Evaluate Cannabidiol-based Product...","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"1cb36dcf-2249-44ea-8b7c-37a2c8ff41ee","date":"Jul 23, 2019","link":"https://www.prnewswire.com/news-releases/stero-biotechs-to-commence-phase-2a-clinical-trial-of-cannabidiol-based-formulation-for-patients-with-crohns-disease-300889306.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"CBD, clinical trial","company":"Stero Biotechs","layoffs":null,"summary":"Stero Biotechs has received approval to move forward with a second Phase 2a clinical trial for its CBD-based solution in an effort to lower steroid dosage in patients with Steroid Dependent Crohns Disease (SDCD). The trial aims to evaluate the tolerability, safety, and efficacy of the formulation as a steroid-sparing therapy. The study will be conducted over 12 months across four Israeli medical facilities. Stero Biotechs is a clinical-stage company focused on CBD formulation research and development.","partners":"MOR Research Applications, CLALIT HEALTH SERVICES","customers":null,"investors":null,"confidence":9,"key_topics":["CBD","clinical trial","Crohns Disease","steroid-sparing therapy","immunosuppressive effects"],"date_of_event":"July 2019","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"IaHPicEGbCpKS0LjvulMZ8SZV1wn2ImOKkzDBWFNLgeWbmxLYBMJoj","news_summary":"Stero Biotechs to Commence Phase 2a Clinical Trial of Cannabidiol-Based Formulation for Patients With Crohn's Disease","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"18f2b5a3-7eb6-4ecc-8dd4-d4afe6864dd3","date":"Mar 1, 2019","link":"https://www.healio.com/hepatology/autoimmune-cholestatic-biliary-diseases/news/online/%7B8b56337c-e244-43c8-9ed7-5d29e01009a8%7D/stero-biotechs-begins-trial-of-cbd-to-reduce-steroid-use-in-autoimmune-hepatitis","source":"www.healio.com","visible":1,"analysis":{"tags":"clinical trial","company":"Stero Biotechs","layoffs":null,"summary":"Stero Biotechs has received Ethics Committee approval to begin a clinical trial of cannabidiol (CBD) formulation for patients with liver disease. The company plans to enroll 15 patients with autoimmune hepatitis in the phase 2 trial. The goal is to reduce the dose and duration of steroid therapy. The company believes that CBD can help lower steroid prescription doses and improve the therapeutic effect for patients who are resistant to steroids. Stero Biotechs intends to continue researching indications for the proprietary formulation in 2019.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["cannabidiol","steroid therapy","liver disease","clinical trial","CBD formulation"],"date_of_event":"March 01, 2019","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"IZXyyEfqqyupFnyElRVhB0s01zkYNfEveHU0YKKEC6aUQaBn7wvopA","news_summary":"Stero Biotechs begins trial of CBD to reduce steroid use in autoimmune hepatitis","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"d70f47c1-14ab-4921-a1ad-4a48d241a956","date":"Aug 29, 2018","link":"https://www.prnewswire.com/news-releases/stero-biotechs-secures-patent-of-cbd-as-steroid-sparing-treatment-breakthrough-will-potentially-allow-significant-dosage-reduction-300703970.html?fbclid=IwAR2RsCbNq64i3DqAYLVkpJxWQJ78sx1OIow_YLcmu8YZoTsk5-lvCJ-5W68","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"medical treatment","company":"STERO Biotechs Ltd.","layoffs":null,"summary":"STERO Biotechs Ltd. has received a notice of allowance for a U.S. patent on a steroid sparing Cannabidiol (CBD)-based treatment for autoimmune and chronic inflammatory diseases. 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