N4 Pharma PLC - Notification of Intention to Grant Patent
Released
Released
Announcement PDF
RNS Number : 8017O
N4 Pharma PLC
11 February 2021
11 February 2021
N4 Pharma plc
("N4 Pharma" or the "Company")
Notification of Intention to Grant Patent
N4 Pharma Plc (AIM: N4P), the specialist pharmaceutical company developing
Nuvec®, a novel delivery system for cancer treatments and vaccines, is
pleased to announce that the University of Queensland ("UQ") has been
notified by the European Patent Office ("EPO") of its intention to grant a
European Patent in relation to Nuvec® specifically in respect of its
composition, particulate materials and methods for making the particulate
materials (the "Patent"). N4 Pharma has the exclusive worldwide rights to
Nuvec® for therapeutic uses in humans and animals.
Having received the notification the next steps prior to formal grant will
require UQ to confirm the particulars and translations with the EPO prior to
publication of the grant after which the Patent will be validated on a country
by country basis throughout Europe as determined by UQ and the Company.
This process, resulting in the full grant of the Patent in each chosen territory,
should take six to eight months.
Nigel Theobald, Chief Executive Officer of the Company, commented:
"The receipt of the intention to grant the primary Patent in respect of Nuvec®
for Europe is a key milestone for the Company and should see other key
jurisdictions where patents remain pending for Nuvec® follow suit.
"The timing is especially relevant as we undertake our most comprehensive
in vivo studies to date starting with Nuvec® loaded with the Coronavirus
plasmid currently underway and the shortly to commence study
incorporating our various learnings from the optimisation work over the last
eighteen months.
"It is also particularly important as discussions with potential collaborators
continue. We look forward to providing a full update on all our work streams,
including our oral and oncology work, when we publish our full year results
for the year ended 31 December 2020 which is expected to be towards the
end of February / early March."
The information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014.
Enquiries:
N4 Pharma plc
Nigel Theobald, CEO
Via IFC Advisory
Luke Cairns, Executive Director
SP Angel Corporate Finance LLP
Tel:
+44(0)20
0470
3470
Tel:
+44(0)20
0050
3657
Tel:
+44(0)20
6630
3934
Nominated Adviser and Joint Broker
Matthew
Finance)
Johnson/Caroline
Vadim
Alexandre/Abigail
(Corporate Broking)
Rowe
(Corporate
Wayne/Rob
Turner Pope Investments (TPI) Limited
Rees
Joint Broker
Andy Thacker/Zoe Alexander
IFC Advisory Ltd
Financial PR
Graham Herring
Zach Cohen
About N4 Pharma
N4 Pharma is a specialist pharmaceutical company developing a novel
delivery system for cancer and vaccine treatments using its unique silica
nanoparticle delivery system called Nuvec®.
N4 Pharma's business model is to partner with companies developing novel
antigens for cancer and vaccine treatments to use Nuvec® as the delivery
vehicle to get their antigen into cells to express the protein needed for the
required immunity. As these products progress through pre clinical and
clinical programs, N4 Pharma will seek to receive up front payments,
milestone payments and ultimately royalty payments once products reach
the market.
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