Prana gains patent protection for its PBT2 in Europe
Australia's Prana Biotechnology has secured a key patent protecting its clinical drug asset PBT2, with the European Patent Office issuing a notice of Decision to Grant in Europe. The patent, entitled 8-Hydroxyquinoline derivatives' covers the composition of matter of selected families of 8-Hydroxyquinoline compounds, including PBT2 and the uses of such compounds for the treatment of neurological diseases, including Alzheimer's Disease and Huntington's Disease.
The European patent has a 20 year term expiring 16 July 16, 2023, with a possible extension of term of up to 5 years under supplementary protection provisions.
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