Key Fondaparinux Patent Allowed by U.S. Patent Office
October 21 2008 - 8:20AM
Business Wire
Australian drug developer Alchemia Limited (ASX:ACL) today
announced it had received a �notice of allowance� for the United
States patent application titled Synthetic Heparin Pentasaccharides
(number 10/488,677). A notice of allowance is a notification to the
patent applicant that they are entitled to a patent under the law
and is issued for applications that have been filed based on
"intent to use." The patent number will be assigned on payment of
the grant fees. �The allowance of this patent provides significant
protection for Alchemia�s improved synthetic process and a further
barrier to entry for other generic manufacturers,� said Pete Smith,
Chief Executive Officer of Alchemia. �Our preparations for filing
for approval are advancing well and today�s announcement
strengthens our belief that our product will be the first and,
potentially, only generic version of Arixtra�.� This application
represents the first in a series of patent applications in the U.S.
covering the compounds and processes for Alchemia�s generic
fondaparinux program. This patent protects important intermediates
in Alchemia�s synthetic process and provides Alchemia with the
legal means to prevent other companies from using these
intermediates, or selling product derived from these intermediates,
in the USA. 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 (a
generic version of GlaxoSmithKline�s Arixtra�, a synthetic
anticoagulant mainly used for the prevention of deep vein
thrombosis). Fondaparinux is expected to generate near term
revenues for the company commencing in 2009. It is partnered with
Dr Reddy�s Laboratories Inc. for the U.S. market. Alchemia�s
pipeline of assets is built on two platform technologies: HyACT�
(targeted cancer delivery) and VASTTM (drug discovery).
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