Cellmid Ltd - Key Midkine Antibody Patents Granted in the US and Europe
Cellmid Ltd (ASX:CDY)

Key Midkine Antibody Patents Granted in the US and Europe

Highlights

What's happened

Cellmid Ltd ("Cellmid") has received notice of allowance for its Improved midkine antibody patent from the United States Patent and Trademark Office (USPTO). Further to this, the European Patent Office (EPO) has also now issued a ‘Decision to Grant’ following a ‘Notification of Intention to Grant’ in 2019.

Why is this significant?

These midkine antibody patents are expected to help Cellmid in attracting potential commercial partners. Cellmid now have a dominant intellectual property position over the use of midkine therapeutic antibodies for the treatment of diseases arising from cancer, chronic inflammation, as well as functional disorders in T-regulatory cells and activated neutrophils associated with autoimmune diseases.

What does this announcement mean?

Erik Bergseng CFA® from Mawson Graham provides perspective on this recent announcement.
Erik Bergseng CFA®
Written by Erik Bergseng CFA®
Published Jan 06, 2020

As mentioned in the announcement it is expected that these new developments could help Cellmid with the commercialise of its midkine intellectual property via a potential partnership. This also follows the appointment of Mr. Bart Wuurman as the CEO of Lyramid who had previously negotiated a €600m option deal with Pfizer during his time as the CEO of AM-Pharma.

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