US Patent Office to Allow Key Patent for Progenza
Sydney, July 10, 2018 AEST (ABN Newswire) - Regeneus (
ASX:RGS), a clinical-stage regenerative medicine company, today announced that the United States Patent Office has issued a notice of allowance for issuance of a patent covering the composition and use of Progenza.
Issuance of the patent for United States Patent Application No. 14/342479 entitled 'Therapeutics using adipose cells and cell secretions' will provide commercial rights in the United States through to 2032. Corresponding patents have been granted in Australia and Japan and are being pursued for grant in other key territories including Europe.
Progenza is the company's lead cell therapy technology platform being developed for the treatment of osteoarthritis and other musculoskeletal diseases. It has the potential to be used for other inflammatory diseases that have limited treatment options.
Progenza is made from expanded allogeneic mesenchymal stem cells (MSCs) from human adipose tissue and contains the bioactive secretions of the cells. Progenza cells work by secreting cytokines, growth factors and exosomes to reduce inflammation and pain and promote healing and repair in the damaged or diseased tissue. It is a scalable technology that has the demonstrated capability to produce millions of doses of cells from a single donor.
In December 2016, Regeneus announced a strategic collaboration and licensing agreement with AGC of Japan, a leading global biopharmaceutical manufacturer, for the exclusive rights to manufacture Progenza for all clinical applications in Japan. Regeneus is in advanced negotiations with potential clinical licensees of Progenza for Japan.
Regeneus has in excess of 70 patents or patent applications across multiple patent families which provides a substantial competitive advantage for the company's product pipeline.
About Regeneus Ltd
Regeneus Ltd (ASX:RGS) is a Sydney-based clinical-stage regenerative medicine company using stem cell technologies to develop a portfolio of novel cell-based therapies. The regenerative therapies seek to address unmet medical needs in human health markets, focusing on neuropathic pain, including osteoarthritis and various skin conditions, with its platform technologies Progenza(TM) and Sygenus. Visit www.regeneus.com.au for more information.
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