Today's announcement is separate from, and has no relationship with, Lexaria's pre-existing Material Transfer Agreement with another pharmaceutical company.

The MTA details the conditions under which PegBio will supply Lexaria with a proprietary GLP-1 molecule which will then be processed with Lexaria's patented DehydraTECH technology and evaluated for pharmacokinetic performance in animal studies.

"We welcome PegBio to our expanding group of potential future commercial partners for DehydraTECH-powered GLP-1 drugs," said Richard Christoper, CEO of Lexaria Bioscience Corp. "PegBio has built an impressive group of GLP-1-related drug products and candidates focused on type-2 diabetes, weight loss, and MASH*. Lexaria is excited that our proprietary technology may assist in making their drugs as accessible and effective as possible."

PegBio's leading product is a GLP-1 molecule that was approved for use in China, administered via injection, in November, 2025. In addition, they have several other molecules that have advanced from preclinical stage up to Phase II, both in China and in the USA.

Lexaria was introduced to PegBio through Liberi Group, a global life sciences business development consultancy working with Lexaria on its DehydraTECH partnering strategy.

Lexaria will provide an update upon the completion of the contemplated study(ies) including whether any business decisions have been made at that time, regarding technology licensing or other business.