Jul 11 2011
PROLOR Biotech, Inc. (NYSE Amex: PBTH), today announced that it has received a notice of allowance from the U.S. Patent and Trademark Office (PTO) for a patent application covering the company's CTP platform, which has the potential to extend the duration of activity of virtually all therapeutic proteins. The allowed claims cover CTP-modified compositions of a wide array of classes of therapeutic proteins, including hormones, high affinity protein ligands, proteins that induce or regulate an immune response, proteins that are involved with autocrine and paracrine activities, and mimetics of these therapeutic proteins, as well as other types of proteins.
"Allowance of this new patent is of great importance for PROLOR's intellectual property portfolio, since it covers a very wide array of therapeutic proteins and extends the patent protection around our CTP platform for many years," said Shai Novik, president of PROLOR. "In addition to this key new patent, we have several other CTP-related patent applications that are currently pending. We are confident that our growing CTP patent portfolio will provide significant protection for both our compounds in development and our platform technology, and we believe it will serve as an important value driver for PROLOR in the future."