Item 8.01 Other Events.
On October 25, 2022, the United States Patent and Trademark Office (the "USPTO")
issued U.S. Patent No. 11478534 B1 (the "534 Patent") and made publicly
available provisional patent application (U.S. Application No. 17/374.317) (the
"Provisional Patent Applications") to which the 534 Patent claims priority.
The 534 Patent and the Provisional Patent Application for Formulation and Method
of Preparing Zinc-Charged Insulin for Oral Administration described an invention
that is directed to a zinc-charged insulin composition that is effective in
treating diabetes and lowering and stabilizing blood glucose levels when
administered orally. The zinc-charged insulin is acid and enzyme resistant, such
that the zin-charged insulin is capable of surviving the acidic conditions of
the stomach. The zinc-charged insulin is capable of being absorbed through the
gastrointestinal tract and stored in the liver, such that the zinc-charged
insulin is long lasting and similar to the insulin normally generated by the
body.
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