RE: Buyout25 Feb 2023 09:38
Short of a buyout, Avacta need to license out the rest of the pre|CISION pipeline asap if those candidates are going to get to market with any patent life left in them.
AVA6000 and AVA3996 have both been studied since at least as far back as 2014.
https://grantome.com/grant/NIH/R42-CA156930-02
According to current plans, AVA6000 won't finish Phase 1b until late next year and AVA3996, a NCE and hence requiring full safety, tolerability and efficacy studies, will start Phase 1 next year. This is how long drug development takes. Patent life is until June 2035.
The rest of the pipeline needs an early patent priority date if they are straight prodrugs otherwise their patentability will have been invalidated by the 'non obvious' criterion, so their useful patent life is limited if they have yet to undergo their preclinical studies, although those could be shortened if either AVA6000's or AVA3996's leaving group is used. If different leaving groups are used then they will have to undergo full study. The pipeline candidates that are not straight prodrugs but prodrugs of analogues will need all the above plus full safety, tolerability and efficacy studies as they would be NCEs. In short, a lot of work to do, and a lot of cost as well, for Avacta to push all the pipeline through development whilst the patent life clock is ticking down to generic. Too much work, but not for several different well-resources majors. Of course it was always Avacta's intention to license out the pipeline. It's just that they better get it done very much sooner before the candidates become wasting assets.