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Pharma Tech Outlook | Tuesday, July 27, 2021
The patent strengthens the Company's intellectual property protection as it collaborates with MEDICE to develop and potentially commercialize ADAIR in Europe and the United Kingdom.
FREMONT, CA: Vallon Pharmaceuticals Inc., a clinical-stage biopharmaceutical company focused on the development of novel drugs with abuse-deterrent properties for the treatment of central nervous system (CNS) disorders, declares that the European Patent Office issued patent EP3576719B1 covering ADAIR1, the Company’s proprietary abuse-deterrent compound.
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ADAIR is being developed for Europe and the United Kingdom in collaboration with MEDICE Arzneimittel P1tter GmbH, a market leader in the European ADHD market. Vallon will get development and sales milestone payments, as well as double-digit sales-based royalty payments, under the terms of the agreement. This Composition of Matter and Method of Use grant provides MEDICE with additional protection to commercialize ADAIR in the European Union and the United Kingdom. The Company continues developing ADAIR in the United States, utilizing the 505(b) (2) regulatory pathway. The Company is currently conducting a pivotal intranasal abuse study in recreational drug users called the SEAL Study.
David Baker, President and Chief Executive Officer of Vallon, comments, “There is a clear and growing unmet need for products that can treat ADHD effectively while attending to the significant problem of stimulant misuse. We continue to be encouraged by the potential of our novel platform technology, which we believe can also be applied to other prescription drugs that have abuse potential. We are pleased to successfully expand our intellectual property portfolio with the issuance of this new European patent.”
The new European patent for ADAIR covers the composition of matter and method of use, with a base patent term of 2038. Formulating an abuse-deterrent substance requires balancing between minimizing the possibility of manipulation and abuse and maintaining acceptable dissolution rates and bioavailability. ADAIR has previously been granted two patents in the United States, each of which has a base patent term of 2037, excluding patent term extensions.
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