Biopharmaceutical company Poolbeg Pharma (AIM: POLB) (OTCQB: POLBF) announced on Tuesday that it has received official notification from the Japanese Patent Office granting the Immunomodulator II patent application. This strengthens the company's intellectual property, specifically covering the pharmaceutical composition of POLB 001 for treating severe influenza in hospitalised patients when combined with antiviral compounds.
Following the granted patent for Immunomodulator I, announced on 20 September 2023, Poolbeg continues to build a robust IP portfolio. The worldwide license for POLB 001 in all human uses contributes to this, encompassing the treatment of severe influenza and hypercytokinaemia using p38 MAP kinase inhibitors. The company aims to broaden patent protection, including potential applications alongside cancer immunotherapies.
Poolbeg Pharma focuses on developing and commercializing innovative medicines for high unmet medical needs. The company's strategy involves leveraging clinical assets and marketed drugs to fund its pipeline development, creating significant value. With an experienced leadership team, including former members of Amryt Pharma plc, Poolbeg aims to replicate past successes and generate near-term revenues.
The clinical programs target large markets in cancer immunotherapies, infectious diseases and an oral GLP-1 agonist for obesity and metabolic conditions. Using a cost-effective development approach, Poolbeg utilises AI-led infectious disease programs to analyze human challenge trial data, identifying relevant drug targets and treatments for faster development and increased commercial appeal.
Boehringer Ingelheim reports strong growth in 2023 and accelerates late-stage pipeline
AstraZeneca increases dividend by 7%
Poolbeg PHarma plc receives notice of allowance for POLB 001 patent
Wolters Kluwer enhances Clinical GenAI leadership with AI Labs powered by UpToDate
Amgen announces share dividend for Q2 2024
Virbac expands presence in Japan with Sasaeah acquisition
Bruker Corporation to acquire ELITechGroup for EUR870m, strengthening MDx portfolio
Danaher Corporation announces quarterly cash dividend
Abbott announces quarterly common dividend
Bruker expands Preclinical Imaging Portfolio with acquisition of Spectral Instruments Imaging
Fusion Antibodies announces receipt of follow-on project and provides R&D update
Alvotech reports positive results for AVT03, potential biosimilar to Prolia and Xgeva