Poolbeg Pharma PLC POLB 001 Patent Granted in United States

RNS Number : 8485M

Poolbeg Pharma PLC

20 November 2024

 

Poolbeg Pharma plc - POLB 001 Patent Granted in United States

 

Further strengthens Poolbeg's robust intellectual property portfolio

 

20 November 2024- Poolbeg Pharma (AIM: POLB, 'Poolbeg' or the 'Company'), a clinical-stage biopharmaceutical company focused on the development and commercialisation of innovative medicines targeting diseases with a high unmet medical need, announces that the US Patent Office has notified the Company of its official decision to grant Poolbeg's US Immunomodulator I patent application.

The claims cover POLB 001, and other p38 MAP kinase inhibitors, for the treatment of patients at risk of severe influenza after an immune response has been triggered, and for the treatment of hypercytokinemia (cytokine storm) characteristic of severe influenza. POLB 001 is a potent and selective Phase II-ready p38 MAP kinase inhibitor with strong potential across multiple disease areas.

This patent grant further strengthens Poolbeg's robust Intellectual Property (IP) portfolio. The Company has patents in place covering p38 MAP kinase inhibitors for the treatment of severe influenza; and covering POLB 001 for the treatment of hypercytokinemia. Further patent applications have been filed and have complementary coverage as the Company continues to expand its patent portfolio covering POLB 001 and the wider class of p38 MAP kinase inhibitors, particularly in respect of cytokine release syndrome induced by cancer immunotherapies. Building a robust IP portfolio is a key focus for Poolbeg to further enhance POLB 001's value and attractiveness to potential partners.

Jeremy Skillington, PhD, Chief Executive Officer of Poolbeg, commented: "This award by the US patent office further strengthens the IP for our lead development candidate, POLB 001. Strong IP is the foundation of value creation in biopharma, and with each new patent, we not only protect our asset but also increase the commercial appeal of POLB 001 to prospective partners. We are excited by the potential of POLB 001 to address critical unmet medical needs and we remain focused on high value programmes and partnerships to develop and commercialise our assets."

Enquiries 

 

Poolbeg Pharma Plc  Jeremy Skillington, CEO  Ian O'Connell, CFO	[phone] [e-mail]
Cavendish Capital Markets Ltd (NOMAD & Joint Broker)  Geoff Nash, Camilla Hume, Trisyia Jamaludin (Corporate Finance) Nigel Birks (Life Science Specialist Sales) Harriet Ward (ECM)	[phone]
Shore Capital Stockbrokers Ltd (Joint Broker) David Coaten, Harry Davies-Ball (Corporate Advisory) Malachy McEntyre, Isobel Jones (Corporate Broking)	[phone]
J&E Davy (Joint Broker)  Anthony Farrell, Niall Gilchrist	[phone]
Optimum Strategic Communications  Nick Bastin, Vici Rabbetts, Elena Bates	[phone]  [e-mail]

About Poolbeg Pharma plc 

Poolbeg Pharma plc is a clinical-stage biopharmaceutical company focussed on acquiring, developing and commercialising innovative medicines that will help improve the lives of patients with rare and orphan diseases and where there is a high unmet medical need. Poolbeg comprises a strong and growing portfolio of development assets. For more information, please go to www.poolbegpharma.com or follow us on Twitter and LinkedIn @PoolbegPharma.

 

Forward-Looking Statements

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