Apricus Biosciences Announces Allowance of Additional NexACT(R) Patent in Japan
December 08 2011 - 10:01AM
Apricus Biosciences, Inc. ("Apricus Bio" or the "Company")
(Nasdaq:APRI) announced today that the Japanese Patent Office has
issued an official decision to allow Japanese patent application
entitled, "Crystalline Salts of Dodecyl
2-(N,N-Dimethylamino)-Propionate." The patent will cover
compositions and methods related to crystalline salts contained in
the Company's NexACT® permeation enhancer technology used in
topical drug delivery. The salts provide NexACT® with an important
range of physio-chemical characteristics with various potential
advantages versus other drug delivery technologies including,
improved compatability, water solubility and permeation
profiles. This patent, when issued, will provide Japanese
patent protection to May 2020, and will be the 15th patent granted
for these salts worldwide with four applications pending in this
patent family.
Commenting on today's news, Dr. Bassam Damaj, Chairman,
President and Chief Executive Officer of Apricus Bio, stated, "We
are delighted to receive this additional important patent in Japan
for our NexACT® technology and related products. This latest
patent will be fundamental to our NexACT® patent portfolio in Japan
and is the eighth Japanese patent granted for this technology and
resulting products, along with 11 pending patent applications in
that country. The receipt of this patent represents an
important step in solidifying our drug delivery technology, which
enables multi-route administration of new and improved compounds
across numerous therapeutic classes. We look forward to
speaking with potential Japanese partners regarding the development
and commercialization of pharmaceutical products using this
proprietary technology."
About Apricus Biosciences, Inc.
Apricus Bio, a San Diego-based, revenue-generating,
biopharmaceutical company, has leveraged the flexibility of its
clinically-validated NexACT® drug delivery technology to enable
multi-route administration of new and improved compounds across
numerous therapeutic classes.
Revenues and growth are driven from out-licensing of this
technology for the development and commercialization of such
compounds to pharmaceutical and biotechnology companies worldwide.
In addition, the Company is seeking to monetize its existing Rx
Division product pipeline, including its first product, Vitaros®,
approved in Canada for the treatment of erectile dysfunction, as
well as compounds in development from pre-clinical through Phase
III, currently focused on Sexual Dysfunction, Oncology,
Dermatology, Autoimmune, Pain, Anti-Infectives, Diabetes and
Cosmeceuticals among others.
The Company is also developing its Consumer Healthcare Division
by developing a number of drugs that utilize the Company's NexACT®
technology to comply with the FDA's over-the-counter ("OTC")
requirements, can be cleared as 510(k) topical creams that are
considered to be medical devices or approved as Abbreviated New
Drug Applications ("ANDAs") as generic drugs. The Company will also
seek to market such drugs through these similar procedures in Japan
and other countries.
In addition, the Company is seeking to in-license and acquire
revenue generating, FDA and other regulatory approved and marketed
drugs to add to its product portfolio and future revenue
stream.
For further information on Apricus Bio, visit
http://www.apricusbio.com, and for information on its subsidiary
please visit http://www.nexmedusa.com. You can also receive
information at http://twitter.com/apricusbio and
http://facebook.com/apricusbio.
Apricus Bio's Forward-Looking Statement Safe
Harbor
Statements under the Private Securities Litigation Reform Act,
as amended: with the exception of the historical information
contained in this release, the matters described herein contain
forward-looking statements that involve risks and uncertainties
that may individually or mutually impact the matters herein
described for a variety of reasons that are outside the control of
the Company, including, but not limited to, its ability to further
develop its and their products and product candidates, to have its
products and product candidates approved by relevant regulatory
authorities, including in Japan, to successfully commercialize such
NexACT® products and product candidates and to achieve its
development, commercialization and financial goals in Japan and
other countries. Readers are cautioned not to place undue reliance
on these forward-looking statements as actual results could differ
materially from the forward-looking statements contained herein.
Readers are urged to read the risk factors set forth in the
Company's most recent annual report on Form 10-K, subsequent
quarterly reports filed on Form 10-Q and other filings made with
the SEC. Copies of these reports are available from the SEC's
website or without charge from the Company.
CONTACT: Apricus Biosciences, Inc.
Edward Cox, V.P.
Investor Relations & Corporate Development
Apricus Bio, Inc.
(858) 848-4249
ecox@apricusbio.com
Apricus Bio Investor Relations
Paula Schwartz
Rx Communications Group, LLC
(917) 322-2216
pschwartz@rxir.com
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