Avenue Therapeutics Receives Notices of Allowance for Patent Applications Covering Methods of Administration for Intravenous ...
March 28 2018 - 8:00AM
Avenue Therapeutics, Inc. (NASDAQ:ATXI) (“Avenue”), a company
focused on the development and commercialization of intravenous
(IV) tramadol, today announced receipt of Notices of Allowance from
the U.S. Patent and Trademark Office (USPTO) for two patent
applications covering methods of administration for its lead
product candidate IV tramadol.
The first patent application is a continuation
of issued U.S. patent 8,895,622, titled "Intravenous Administration
of Tramadol." The patent to be issued from the allowed
application (U.S. Application No. 15/407,133) carries a patent term
to at least 2032. The second patent application is a continuation
of issued U.S. patent 9,693,949, titled "Intravenous Administration
of Tramadol." The patent to be issued from the allowed
application (U.S. Application No. 15/612,665) carries a patent term
to at least 2036.
Also, the USPTO has indicated that a Notice of
Allowance is being issued for U.S. Application No. 15/622,910 (a
continuation-in-part application of U.S. patent 9,693,949). All
patents to be issued from these allowed applications contain claims
directed to Avenue’s proposed administration of IV
tramadol. Issuance of these patents is expected in
the second quarter of 2018.
“The allowance of these patents further expands
our patent portfolio and strengthens the protection of the methods
of administration for IV tramadol in postoperative pain,” said Lucy
Lu, M.D., Avenue’s President and Chief Executive Officer. “We are
pleased that the USPTO has allowed these applications during this
important stage in IV tramadol’s pivotal development program, as we
look forward to reporting topline data from our Phase 3 trial in
patients following bunionectomy surgery in the second quarter of
2018, and to initiating a Phase 3 trial in patients following
abdominoplasty surgery in the third quarter.”
These patent applications fall under Avenue’s
licensing agreement with Revogenex Ireland Ltd.
About Avenue TherapeuticsAvenue
Therapeutics, Inc. (“Avenue”), a Fortress Biotech (NASDAQ:FBIO)
Company, is a specialty pharmaceutical company focused on the
development and commercialization of intravenous (IV) tramadol for
the management of moderate to moderately severe postoperative pain.
IV tramadol may fill a gap in the acute pain market between IV
acetaminophen/NSAIDS and IV conventional narcotics. Avenue is
currently evaluating IV tramadol in a pivotal Phase 3 program for
the management of postoperative pain. Avenue is headquartered in
New York City. For more information, visit
www.avenuetx.com.
About Fortress Biotech Fortress
Biotech, Inc. (“Fortress”) is a biopharmaceutical company dedicated
to acquiring, developing and commercializing novel pharmaceutical
and biotechnology products. Fortress develops and commercializes
products both within Fortress and through certain of its subsidiary
companies, also known as Fortress Companies. In addition to its
internal development programs, Fortress leverages its
biopharmaceutical business expertise and drug development
capabilities and provides funding and management services to help
the Fortress Companies achieve their goals. Fortress and the
Fortress Companies may seek licensings, acquisitions, partnerships,
joint ventures and/or public and private financings to accelerate
and provide additional funding to support their research and
development programs. For more information, visit
www.fortressbiotech.com.
Contacts:
Investor RelationsJulie SeidelStern Investor Relations,
Inc.212-362-1200julie@sternir.com
Media RelationsSarah HallPhase IV Communications(215)
313-5638sarah@phaseivcommunications.com
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