RE: RNS of March 21st 20193 Jun 2019 10:50
The rest and pretty clear!
....grants in major territories (announced 25/04/18) and these include USA, Europe, Japan and Australia. Additional patent applications are pending in several other countries.
VAL301
VAL301, is derived from ValiRx's lead compound, VAL201 and is currently in late-stage pre-clinical development as a non-invasive, effective treatment for the non-cancerous, but hugely debilitating gynaecological condition, endometriosis.
The compound is derived from VAL201 and its potential therapeutic approach is based on the same mode of action. VAL301 is currently in late-stage pre-clinical development (announced 17/07/18) for the hugely debilitating gynaecological condition, endometriosis, which is characterised by endometrial-like tissue found outside of the uterine cavity. The condition represents one of the major causes of female infertility.
In pre-clinical studies, the compound has been shown to reduce endometrial lesions by up to 50 per cent. and the Company believes it is well placed for further study as a potential treatment. In addition, the Company's pre-clinical studies have also revealed that VAL301's treatment of this hormone-induced disorder is potentially without side effects, such as loss of bone density and fertility (announced 17/07/18). This additional advantage represents a potentially significant further break-through development in the medical treatment for this illness and for other gynaecological conditions.
VAL301 received a US patent grant and receipt of patent allowances covering China and the Russian Federation (announced 17/07/18 and 31/01/19 respectively). These provide protection for the compound in three of the most populous nations in the World.
Dr Satu Vainikka, CEO of ValiRx, commented: "The pre-clinical and clinical development of the VAL201 compound is very encouraging and from scientific and therapeutic perspectives, we look forward keenly to examining both the trial's results and analysis later this year and the opportunities for VAL201's further development and commercialisation. As with any small biotechnology company such as ValiRx, its patent portfolio and trial results represent its main assets and value drivers. I am delighted therefore with the solid foundation our global patent protection and trial progress represents, which will I am confident be of future benefit to all patients and stakeholders".