Phynova close to US patent cover on lead drug
UK-listed Phynova, a developer of prescription pharmaceuticals derived from plants used in Chinese medicines, says that the US Patent and Trademark Office has issued the company a notice of allowance for a patent on its lead drug candidate PYN 17, an investigational treatment for the symptoms of chronic hepatitis C.
The written notification means that the firm's patent application has cleared an internal review and is nearing issuance. Final clearance will allow Phynova to enter the USA, the world's largest pharmaceutical market.
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