logo-loader
ValiRx PLC

ValiRx receives EU patent grant for prostate cancer drug

The grant comes hot on the heels of a patent grant for the treatment in the US on 20 March

Medical drugs bottle
VAL201 is currently in a Phase I/II clinical study assessing its safety and tolerability

ValiRx PLC (LON:VAL) said it has received a patent grant from the EU patent and trademark office for its VAL201 prostate cancer treatment that is currently in clinical trials.

The AIM-listed pharmaceuticals company said in a statement that the patent grant represented another major milestone in its commercial strategy, with the VAL201 portfolio having received patents in the US, UK, Japan, and Australia previously.

READ: ValiRx shoots higher, innovation effective at inducing programmed cell death in a wide range of cancers

ValiRx added that VAL201 is currently in a Phase I/II clinical study assessing its safety and tolerability as well as its effect in the treatment of prostate cancer and other solid tumours, with no dose-limiting toxicity or therapeutically-related side effects having been observed.

The group also said VAL201 has met and exceeded predicted safety and tolerability criteria set for the trial, with subjects showing preliminary therapeutic efficacy and significant changes in their prostate-specific antigen levels related to treatment with VAL201. 

ValiRx added that pre-clinical studies have also shown efficacy in prostate, breast and ovarian cancer models as well as addressing endometriosis or hormone-induced abnormal cell growth in women.

Dr Satu Vainikka, ValiRx chief executive, said: "I am very pleased that VAL201 has received its European Union patent grant, hot on the heels of our receipt of a US patent grant [on 20 March 2018].

She added: “This latest grant now means that ValiRx has substantive patent protection stretching across the globe and I believe it further bolsters the Company's opportunity of securing a partnering deal, particularly in the light of the expansion of the VAL201 trial to more speedily reach VAL201's full therapeutic potential and potential anti-cancer impact".

Quick facts: ValiRx PLC

Price: £0.00

Market: AIM
Market Cap: £1.64 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of ValiRx PLC named herein, including the promotion by the Company of ValiRx PLC in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Green light for ValiRx to increase dose of VAL201

Top stories from the Proactive Investors UK newsroom. ValirX (LON:VAL) has received a boost for its prostate cancer treatment VAL201 after UK regulators approved a substantial increase in the doses allowed in future clinical trials. The phase I/II trial so far has met all primary and...

on 20/6/19

2 min read