Nanogenics Update
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N4 Pharma Plc (AIM: N4P), the specialist pharmaceutical company developing Nuvec®, a novel delivery system for cancer treatments, gene therapy and vaccines, is pleased to provide an update on its subsidiary, Nanogenics Limited ("Nanogenics").
Nanogenics has now submitted an application to the U.S. Food and Drug Administration ("FDA") to obtain orphan drug designation for its product ECP105, for the prevention of scarring following glaucoma surgery. Obtaining orphan drug status in the USA is expected to bring substantial cost and time savings on the development work and once approved, seven years of exclusivity. A decision is expected by the FDA three months from the date of application.
Alongside this, Nanogenics has also filed a patent application in the UK for novel siRNA sequences that can be used as part of the ECP105 development work.
Nigel Theobald, Chief Executive Officer of the Company, commented:
"Having orphan drug status for ECP105 in the USA will be akin to getting a patent granted as it provides exclusivity for the treatment indication applied for.
"Alongside applying for orphan drug status in the USA, Nanogenics is strengthening its IP position by filing a patent for novel siRNA sequences which can be used to widen its product protection further."
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About N4 Pharma
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