Alchemia Patents Granted for Generic Fondaparinux
June 23 2008 - 8:00AM
Business Wire
Alchemia Ltd. (ASX:ACL) announces the granting of the first two
patents in the �Synthetic Heparin Oligosaccharide� family of
patents. Australian patent 2002331426 and divisional patent
2007203325 were recently sealed by IP Australia. A further two
divisional applications (2008200567 and 2008200616) have completed
the examination process and have been accepted to grant. Both of
these are expected to be sealed in the next few months. These
patents are currently being examined in other major markets. Vice
President of Intellectual Property for Alchemia, Michael West,
said, �This patent family provides legal protection for Alchemia�s
processes for the synthesis of fondaparinux sodium through to 6
September 2022. These patents and the corresponding applications in
other jurisdictions provide a good framework to protect our
industrial synthesis of fondaparinux. We are looking forward to the
successful US launch of the drug with our marketing partner Dr
Reddy�s Inc.� Alchemia and its manufacturing partner Dr Reddy�s
Limited (NYSE:RDY) have made significant progress towards
commercialization of fondaparinux, with approval and launch
expected in the first half of 2009, depending on review time at the
FDA. About Alchemia Limited � www.alchemia.com.au Alchemia is a
drug discovery and development Company founded on its chemistry
expertise. The Company�s lead program is fondaparinux (synthetic
heparin, a generic version of GlaxoSmithKline�s Arixtra�) which
will generate near term revenues and was recently partnered with Dr
Reddy�s Laboratories Inc. for the US market. Alchemia�s pipeline of
assets is built on two platform technologies: HyACT� (targeted
cancer delivery) and VASTTM (drug discovery). HA-irinotecan, for
the treatment of metastatic colorectal cancer, recently achieved
positive Phase II clinical trial results. Arixtra� is a registered
trademark of GlaxoSmithKline. VASTTM and HyACT� are trademarks of
Alchemia and Alchemia Oncology.
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