Monday, December 10, 2007

Nicholas Piramal gets product patent in US

Nicholas Piramal India announced on Monday that the US patent and trademark office granted product patent to the company. The granted claims of the patent cover the novel compounds, including the company`s clinical candidate P-276-00, and processes for their preparation. These compounds are being developed as therapeutic agents useful in the treatment of cancer.

Earlier the company was granted a patent in South Africa for its CDK inhibitors. It has related national phase applications in 14 other countries. It has filed 5 other patent applications covering different aspects of its CDK inhibitors.

Dr Noopur Raje from Dr Ken Anderson group from Dana Faber Cancer Institute is giving an oral presentation today at 49th annual meeting and exposition of American Society of Hematology (ASH) being held at Atlanta, Georgia in US from Dec. 8-10, 2007. They have carried out independent studies on the company`s lead compound P-276-00 in multiple myeloma and will be presenting new data on its pre-clinical studies.

The ASH annual meeting is the premier forum for physicians and researchers to hear the most up-to-date developments in Hematology. The event attracts over 16,000 Hematologists and other health-care professionals from 100 countries around the world.

Dr Mrs Swati Piramal, director - strategic alliances and communications of the company said, ``The presentation of data on pre-clinical studies at annual conference of American Society of Hematology marks an important milestone for development of NPIL`s Oncology compound.``

Shares of the company declined Rs 3.9 , or 1.22% to settle at Rs 316.05. The total volume of shares traded was 22,219 at the BSE.(Monday ).

No comments: