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ValiRx wins European patent protection for potential endometriosis treatment

VAL301 is in pre-clinical development as a non-invasive, effective treatment for endometriosis, which affects roughly 5-10% of women in their reproductive years

patent
The European Patent Office has issued a patent notice of allowance for the compound

ValiRx PLC (LON:VAL) has received patent protection in Europe for its pre-clinical therapeutic compound VAL301, which is being lined up as a treatment for endometriosis.

The European Patent Office has issued a patent notice of allowance for the compound, which will be granted once the AIM-listed company has paid the appropriate fees, following on from protection granted in the US last month.

READ: ValiRX raises funds to meet immediate working capital needs and develop drugs

VAL301, which is derived from the company’s in-clinic VAL201, is in late-stage pre-clinical development as a non-invasive, effective treatment for endometriosis, a hugely debilitating gynaecological condition that affects roughly 5-10% of women in their reproductive years and so represents one of the major causes of female infertility

The compound also has the potential to treat other hormone-induced, non-oncological abnormal growth and cell proliferation conditions, such as benign prostatic hyperplasia.

There is substantial global unmet medical need for both of these conditions.

“This is excellent news and I am delighted that the patent portfolio for our lead compounds continues to strengthen, add value and receive further endorsement,” said chief executive Satu Vainikka.

ValiRx shares were up 7% to 0.18p on Thursday morning. 

Quick facts: ValiRx PLC

Price: 0.135 GBX

AIM:VAL
Market: AIM
Market Cap: £1.38 m
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