New Patent Approval for Medgenics
January 27 2010 - 3:55AM
RNS Non-Regulatory
TIDMMEDG
Medgenics Inc
27 January 2010
NEW PATENT APPROVAL BOOSTS INTELLECTUAL PROPERTY PORTFOLIO AT MEDGENICS
Misgav, Israel and London, UK - 27 January 2010 - Medgenics (AIM: MEDG and
MEDU), the biopharmaceutical company that creates therapeutic protein producing
implantable Biopumps announced today that the Japanese Patent Office has
approved patent application number 2003-550677 titled CLOSED AUTOMATED SYSTEMS
FOR TISSUE BASED THERAPY DOSING AND ADMINISTRATION OF SAME. This strengthens the
suite of over 60 approved patents and patent applications owned and licensed by
the company which cover all aspects of the company's technology for producing
autologous Biopumps that are capable of producing a wide range of therapeutic
proteins when implanted into humans.
Dr. Andrew Pearlman, CEO of Medgenics commented:
"The granting of additional patents is always very important to a technology
driven company such as Medgenics. We now have issued or applied for patents in
all major jurisdictions covering key aspects of our platform technology for
obtaining micro-organs from a patient's tissue, processing them to produce
therapeutic proteins and then reinserting them into the patient to provide
continuous delivery of therapeutic proteins over an extended period of time".
For further information contact:
+----------------------------------------+-----------------------------+
| Medgenics, Inc. | Phone: +972 4 902 |
| Dr. Andrew L. Pearlman | 8900 |
| | |
+----------------------------------------+-----------------------------+
| De Facto Communications | Phone: +44 20 |
| Mike Wort | 7861 3838 |
| Anna Dunphy | m.wort@defacto.com |
| | a.dunphy@defacto.com |
+----------------------------------------+-----------------------------+
| Grayling (Investor Relations - US) | Phone: +1 646 284 |
| Leslie Wolf-Creutzfeldt | 9472 |
| | lwolf-creutzfeldt@hfgcg.com |
+----------------------------------------+-----------------------------+
| Blomfield Corporate Finance Limited | Phone: +44 207 489 |
| (Nominated Adviser) | 4500 |
| James Pinner | |
| Alan MacKenzie | |
| | |
+----------------------------------------+-----------------------------+
| SVS Securities plc (Broker) | Phone: +44 207 638 |
| Ian Callaway | 5600 |
| | |
+----------------------------------------+-----------------------------+
About Medgenics:
Medgenics is a clinical-stage biopharmaceutical company developing its unique
tissue-based Biopump platform technology to provide sustained-action protein
therapy for the treatment of a range of chronic diseases. The Company currently
has three products in development based on this technology and addressing the
indications of:
- Anemia - using EPODURE, a Biopump producing erythropoietin (EPO)
- Hepatitis-C - using INFRADURE - a Biopump producing interferon-alpha (IFN-a)
- Hemophilia - using a Biopump to produce clotting Factor VIII
The Company's Phase I/II clinical trial using EPODURE to treat anemia in
patients with chronic kidney disease, has demonstrated proof of concept of the
Biopump. Designed to produce and deliver a therapeutic dose of EPO steadily for
six months or more, EPODURE Biopumps have already provided effective anemia
treatment in most of these patients for 6-12 months, even at the low
administered dose.
Medgenics intends to develop its innovative products and bring them to market
via multiple strategic partnerships with major pharmaceutical and/or medical
device companies. In addition to treatments for Anemia, Hepatitis-C, Hemophilia,
Medgenics plans to develop and/or out-license a pipeline of future Biopump
products targeting the large and rapidly growing global protein therapy market,
which is forecast to reach US $87 billion by 2010. Other potential applications
of Biopumps producing various proteins include multiple sclerosis, arthritis,
pediatric growth hormone deficiency, obesity, and diabetes.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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