KZA 0.00% 8.0¢ kazia therapeutics limited

Sorry to those who tried the link… this is the majority of the...

  1. PT3
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    Sorry to those who tried the link… this is the majority of the article.

    Peterkins22 if you want to know more you should post questions without all the misleading information.

    Kazia Therapeutics Ltd
    (ASX:KZA) (NASDAQ:KZIA) has secured manufacturing patents for its paxalisib cancer treatment candidate in key territories, extending its patent protection out until 2036.

    The oncology-focused drug development company has been awarded manufacturing patents in the US and India, while a similar patent has progressed in Australia and is on track to be granted in the coming quarter.

    Further patents remain pending in the European Union, China, Canada and other strategic territories. These are expected to be approved in due course.

    “Exceptionally robust protection”

    Kazia CEO Dr James Garner said: “As we move towards commercialisation, we have worked closely with our intellectual property counsel to ensure we achieve the maximum possible degree and duration of protection for the intellectual property embodied in paxalisib.

    “The original patents for paxalisib protect its chemical structure and have been granted in almost all relevant territories.

    “The new suite of patents additionally covers the process by which paxalisib is manufactured and, together with the original composition of matter patents, provide exceptionally robust protection.

    “The manufacturing patents are now granted in the US and India, and are also expected to be granted in other key territories after review by the respective patent agencies.”

    Shares have been as much as 3.5% higher to A$1.345 while the company's market cap pre-open was approximately A$172.3 million.

    New patents

    Crucially, these newly granted manufacturing patents, which expire in 2036, provide an additional layer of protection by covering the process by which paxalisib is manufactured.

    According to Kazia, any generic competitor would now need to develop an alternative method of chemical synthesis, which is technically challenging and hence a costly exercise.

    Interestingly, existing ‘composition of matter’ patents for the chemical structure of paxalisib generally expire in 2031 but are likely to be eligible for a five-year patent term extension in key territories.

 
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