European Intention to Grant on applicator patent makes Sofdra® more attractive for ex-US commercialization
The decision strengthens Botanix's European IP position & is expected to enhance the Company's value proposition for potential ex-US commercialization pathways
Botanix Pharmaceuticals Limited (ASX:BOT)
The patent application covers commercially relevant aspects of the applicator device, including features designed to support controlled topical administration and patient use. Following completion of the formal grant process and validation in selected European countries, protection is expected to extend into May 2039.
Sofdra® is currently only commercialized in the US. Securing patent protection in Europe before commercializing there is a forward-looking, strategic move. Botanix is proactively securing the IP runway needed to enhance the Botanix value proposition for potential ex-US commercialization.
Dr Howie McKibbon, Chief Executive Officer of Botanix, welcomed the decision, noting it further strengthens the Company's intellectual property estate surrounding the delivery and administration of sofpironium topical gel. He added that physicians have identified the applicator, which helps limit unwanted drug contact to the hands, as one of the key reasons they prescribe Sofdra®.
Jane Morgan
Investor and Media Relations
info@janemorganmanagement.com.au
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