Series B+ open · $50M target to advance pivotal PTSD trial · Q1 2027 initiation

Science · The platform

Pharmaceutical-grade CBD, finally.

Liquid Structure™ is a patented delivery technology invented at Hebrew University of Jerusalem and exclusively licensed to Ananda. Tailored to the molecular geometry of CBD, it forms self-emulsifying nano-domains that achieve superior absorption, low variability, and no food effect — the bioavailability wall, dissolved.

30+ jurisdictions
Patents
Comp. of matter
Composition
4+ yrs ambient
Shelf
cGMP softgel
Manufacturing
vs Epidiolex®
Reference

The platform

The bioavailability wall.

Cannabidiol is highly lipophilic, with poor and variable oral absorption, a strong food-fat dependence, and unpredictable response. These properties have prevented CBD from being studied as a real drug — until now.

The problem · Standard CBD formulations are unfit for clinical use

Variability

4–10× inter-subject variability in plasma exposure

Food effect

4–5× increase in absorption with high-fat meal

Onset

Slow, unpredictable Tmax of 3–5 hours

Dose-response

Non-linear, often saturating at supra-clinical doses

Nantheia™ on Liquid Structure™

Self-assembling nano-domains.

A thermodynamically stable system of inverse nano-domains, 10–200 nm, monodispersed in a high-water environment. CBD partitions into the lipophilic core; the surfactant shell self-emulsifies on contact with GI fluid; absorption proceeds through lymphatic and portal pathways without dependence on dietary fat.

CBD core (lipophilic API)
Solubilized in oil-phase nano-domain core
Surfactant shell
Pharma-grade emulsifier · GRAS materials
Co-solvent matrix
Drives self-assembly on hydration
Domain edge
10–200 nm · monodispersed · cryo-TEM verified
Aqueous phase
High-water — physiologic compatibility

Compositions · ATL5 · A1002 · ATL3

Three Nantheia™ compositions tuned for indication-specific dose, onset profile, and dosing schedule. ATL5 is the lead asset across PTSD, OUD, smoking, and AD; A1002 is optimized for acute SAD challenge.

PK performance

Higher Cmax. Shorter Tmax. No food effect.

Phase I PK study in 24 healthy volunteers, single oral dose, fed and fasted arms, crossover design. Liquid Structure™ Nantheia™ ATL5 demonstrated superior performance versus FDA-approved Epidiolex® across all measured parameters.

Fig. 04 · Plasma exposure curves

Nantheia™ ATL5 vs Epidiolex® — single oral dose, fasted

02550751000h2h4h6h8hCmax · 1.6hCmax · 3.8h
Parameter
Epidiolex®
Nantheia™
Cmax (relative)
1.0×
~1.95×
Tmax
3.8 h
1.6 h
AUC0–∞
Reference
Higher
Food effect
4–5×
None observed
Inter-subject CV
High
Low
Dose-response
Saturating
Linear

Source: Phase I PK · 24-subject crossover · single dose · fed/fasted · data on file. Results illustrative; precise values under CDA.

Mechanism of action

Multifactorial — by design.

CBD acts at multiple receptors simultaneously, a property that lets a single molecule address the symptom heterogeneity of PTSD and related neuropsychiatric disease.

CB1
Cannabinoid receptor

Modulates fear-extinction circuitry · indirect agonism

5-HT1A
Serotonin receptor

Anxiolytic · antidepressant signaling

TRPV1
Vanilloid receptor

Pain · inflammation · thermal regulation

FAAH
Endocannabinoid enzyme

Inhibits anandamide breakdown · indirect endocannabinoid tone

Manufacturing

cGMP from API to softgel.

A pharma-grade supply chain — from pharmaceutical-grade CBD API through cGMP softgel encapsulation at a tier-1 contract manufacturer. Process is scalable to commercial volumes with the existing supply network.

  1. 01

    Pharma-grade CBD API

    GMP-certified suppliers · USP/EP grade

  2. 02

    Liquid Structure™ assembly

    Proprietary process · pharma CMO

  3. 03

    Softgel encapsulation

    cGMP · scalable to 10M+ units/yr

  4. 04

    Stability / release

    4+ years ambient · ICH-aligned

  5. 05

    Distribution

    Cold-chain not required · pharmacy direct

Patents & IP

Composition of matter, granted.

The Liquid Structure™ platform is protected by composition-of-matter patents in 30+ jurisdictions, exclusively licensed from Yissum (Hebrew University) to Ananda. Additional Ananda-owned patents extend protection through indication-specific compositions and methods of treatment.

FamilyTypeStatusCoverageExpiry
Liquid Structure™ (platform)Composition of matterGRANTED30+ jurisdictions · US, EU, JP, CNThrough 2034+
Nantheia™ ATL5 (lead)Composition · indicationGRANTED / PENDINGPTSD · OUD · smoking · ADThrough 2038+
Nantheia™ A1002Composition · indicationPENDINGSAD · acute anxiolyticThrough 2040+
Manufacturing processMethod of manufactureGRANTEDTrade secret + patentIndefinite (TS)
Methods of treatmentUse claimsGRANTED / PENDINGSix neuropsychiatric indicationsThrough 2038+

Detailed patent landscape and family map available under CDA.