Sign up
Pharma Capital

Faron extends patent protection for Clevegen cancer immunotherapy

"The grant of this patent serves to protect the innovative mechanism underlying Clevegen, which will be important in realising the potential our second wholly-owned product promises"
cancer cells under a microscope
Clevegen is Faron's second wholly-owned product, after Traumakine

Faron Pharmaceuticals Ltd (LON:FARN) has moved to further protect its potential cancer immunotherapy, Clevegen.

European regulators have granted the AIM-quoted firm a patent for the use of its Clever-1 antibodies – the mechanism behind Clevegen.

READ: Faron Pharmaceuticals drug receives fast-track designation from US regulator

The decision extends the existing patent estate for the immunotherapy until 2030, although Faron is looking at securing additional intellectual property around the treatment that could extend protection until the end of 2038.

Clevegen is based on Faron's Tumour Immunity Enabling Technology and “promising” pre-clinical data has already hinted at the product’s potential in a broad range of indications, including immuno-oncology, chronic infections and vaccination enhancement.

A planned Phase I/II trial that will target patients with liver, melanoma, ovarian and pancreatic cancer is currently under review by regulators, but Faron hopes to make a start this year.

“The grant of this patent serves to protect the innovative mechanism underlying Clevegen, which will be important in realising the potential our second wholly-owned product promises,” said chief executive Markku Jalkanen in a statement on Thursday.

“The target receptor Clever-1 is already patent protected but our wider strategy is to establish a broad portfolio of intellectual property for the company and our pipeline products.

READ: Faron Pharma: Share price tracks progress of flagship drug

“We look forward to taking Clevegen into the clinic later this year and providing an in-depth update on its development at our R&D Event in February.”

Faron shares held steady at 835p in afternoon trading.

 -- Updates share price --

View full FARN profile View Profile
View All

Related Articles

© biotech Capital 2018

Biotech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed biotech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Biotech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Biotechnology market.