REG - Poolbeg Pharma PLC - Favourable Conclusion of Patent Opposition

Poolbeg PharmaAnnouncement

29/09/2023 07:00

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RNS Number : 0832O  Poolbeg Pharma PLC  29 September 2023

Poolbeg Pharma plc

 

Positive Conclusion Reached in Immunomodulator I Patent Opposition

Patent opposition hearing cancelled

 

29 September 2023 - Poolbeg Pharma (http://www.poolbegpharma.com/)  (AIM:
POLB, OTCQB: POLBF, 'Poolbeg' or the 'Company'), a clinical-stage
biopharmaceutical company targeting diseases with a high unmet medical need,
announces that further to its announcement on 19 September 2023
(https://polaris.brighterir.com/public/poolbeg_pharma/news/rns/story/w0933lw)
, the oral opposition hearing scheduled by the European Patent Office ('EPO')
relating to the challenge to the Company's European patent (Immunomodulator
I), has been cancelled. This favourably concludes this matter with the patent
maintained as granted.

 

The Immunomodulator I European patent was opposed by a third party
in September 2021 and the opposition was subsequently withdrawn in September
2023. Following the opposition withdrawal, the EPO has now concluded that
there is no need to proceed with the scheduled hearing, concluding this
matter.

 

Jeremy Skillington, PhD, Chief Executive Officer of Poolbeg Pharma, said: "I
am delighted to share that the European Patent Office has decided against
proceeding with the scheduled hearing, following the withdrawal of the patent
opposition by a third party. We have always maintained confidence in the
strength and validity of our patents and we are pleased to bring this matter
to a close and look forward to continuing to strengthen our IP protection of
this exciting molecule."

 

Footnote:

Immunomodulator I: Use of p38 MAPK inhibitors for the treatment of severe
influenza

 

- Ends -

 

Enquiries

 Poolbeg Pharma Plc                                                    +44 (0) 207 183 1499

 Jeremy Skillington, CEO

 Ian O'Connell, CFO

 Cavendish Capital Markets Ltd (Nominated Adviser & Joint Broker)      +44 (0) 207 220 0500

 Geoff Nash, Charlie Beeson, Nigel Birks, Harriet Ward (ECM)

 Singer Capital Markets (Joint Broker)                                  +44 (0) 207 496 3000

 Phil Davies, Sam Butcher

 J&E Davy (Joint Broker)                                               +353 (0) 1 679 6363

 Anthony Farrell, Niall Gilchrist

 Optimum Strategic Communications                                      +44 (0) 208 078 4357

 Nick Bastin, Hana Malik, Vici Rabbetts                                poolbeg@optimumcomms.com (mailto:poolbeg@optimumcomms.com)

 

About Poolbeg Pharma

Poolbeg Pharma specialises in the development of innovative medicines to
address the unmet need in infectious and other prevalent diseases. Poolbeg
Pharma has a disciplined portfolio approach to mitigate risk, accelerate drug
development, and enhance investor returns. The Company simultaneously advances
multiple programmes in cost-effective clinical trials, rapidly generating
early human safety and efficacy data to enable early partnering /
out-licensing, with the funds generated reinvested in the pipeline. Poolbeg
Pharma also uses AI to interrogate human challenge trial data sets to quickly
identify new targets and drugs, leading to faster development and greater
commercial appeal.

 

The Company is targeting the growing infectious disease market. In the wake of
the COVID-19 pandemic, infectious disease has become one of the fastest
growing pharma markets and is expected to exceed $250bn by 2025. Through
opportunistic identification of assets which complement Poolbeg Pharma's
existing pipeline, the Company is progressing programmes in oncology and
metabolic syndromes; adding disease areas with significant addressable
markets.

 

With its initial assets from hVIVO plc (http://www.hvivo.com/) , an industry
leading infectious disease and human challenge trials business, Poolbeg Pharma
has access to knowledge, experience, and clinical data from over 20 years of
human challenge trials. The Company is using these insights to acquire new
assets as well as reposition clinical stage products, reducing spend and risk.
Amongst its portfolio of exciting assets, Poolbeg Pharma has a small molecule
immunomodulator for severe influenza and other acute inflammatory
conditions (POLB 001) which produces a highly significant reduction in p38
MAP kinase driven cytokines in a clinical setting; a first-in-class,
intranasally administered RNA-based immunotherapy for respiratory virus
infections (POLB 002); and a vaccine candidate for Melioidosis (POLB 003). The
Company is progressing two Artificial Intelligence (AI) Programmes to add
promising new assets to its pipeline as well as developing an Oral Vaccine
Programme and an Oral Delivery Programme focussing on metabolic syndrome
related diseases.

 

For more information, please go to www.poolbegpharma.com
(http://www.poolbegpharma.com/)  or follow us on Twitter
(https://twitter.com/PoolbegPharma)  and LinkedIn
(https://www.linkedin.com/company/poolbeg-pharma/) @PoolbegPharma.

 

 

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