Current Report Filing (8-k)
May 17 2017 - 1:24PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) off
The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):
April 27, 2017
CANNABIS SCIENCE, INC.
(Exact name of registrant as specified
in charter)
Nevada
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000-28911
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91-1869677
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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19800 MacArthur Blvd., Suite
#300
Irvine, California
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92612
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(Address of principal executive offices)
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(Zip Code)
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1-888-263-0832
Registrant’s telephone number
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
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Item
1.01
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Entry
into a Material Definitive Agreement.
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Effective
April 27, 2017, Cannabis Science, Inc. (the “Company”), entered into a new Research Collaboration Agreement (the “Agreement”)
with Dana-Farber Cancer Institute, Inc., (the “Institute”) a Massachusetts not-for-profit corporation, having its
principal offices at 450 Brookline Avenue, Boston, MA 02215. This Agreement builds on a Research Collaboration Agreement entered
into between the Company and the Institute on January 3, 2017, and expands the scope of the working relationship of the parties.
Pursuant
to the Agreement, the Institute has developed know-how and expertise in the treatment of cancer and desires to obtain funding
and technical support from the Company to further such research. The Company would like to establish a consortium of academic
investigators from several U.S. not-for-profit institutions, and would like the Institute to be the lead institution to develop
and investigate the use of cannabinoids to cure various cancers, investigate synergies with radiotherapy and immunotherapy, and
obtain certain data and rights to inventions developed during research funded by the Company.
This
consortium will operate as a virtual institute/consortium involving researchers from different institutions conducting research
on medical cannabis for treatment of cancers and other indications. The research would also include investigating synergies in
the use of cannabinoids in combination with standard treatment approaches such as radiotherapy and immunotherapy.
Seed
funding for the consortium/virtual institute will be provided by the Company. The virtual institute will be dedicated to conducting
medical cannabis research and complementary education activities. Collaborations amongst consortium Principal Investigators will
be designed to accelerate clinical translation (with FDA approval) of medical cannabis for cancer and other indications without
the usual side effects that have hitherto hampered clinical translation.
The
specific aims that will be supported under the new Agreement will include:
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Develop
unique cannabinoid-delivery technology;
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Conduct
scale-up studies to validate and optimize treatment parameters when using the developed delivery technologies/products;
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Investigate
the use of cannabinoids in greater effective management of pain during chemoradiotherapy; and
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Establish
core research facility for extracting/analyzing and loading of superior grade cannabinoids in different precision delivery technologies
towards treatment of different indications without the side effects that have been a barrier to clinical translation.
The
term of the Agreement is for five years. In consideration for the Agreement and performance of the Research, the Company shall
pay the Institute $1,834,062, payable in yearly installments.
Each
Party shall have the right to seek additional third-party funding for the Research and in the case of the Company, for commercialization
of all Inventions derived as a result of the Agreement and both parties shall mutually agree on the terms and conditions (outside
of the terms of the Agreement) for any third-party research funding.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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CANNABIS
SCIENCE, INC.
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Date:
May 17, 2017
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By:
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/s/ Raymond
C. Dabney
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Raymond
C. Dabney, President & C.E.O.
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