News and Announcements
Innate Immunotherapeutics Gets Patent Ahead of Investor Talks
- Published December 18, 2012 9:26PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Auckland, New Zealand December 18 2012: A new drug for the treatment of secondary progressive multiple sclerosis (SPMS) called MIS416, developed by New Zealand biopharmaceutical company Innate Immunotherapeutics, has been granted a patent in the United States.
Innates chief executive Simon Wilkinson says the US patent is a significant milestone as the US market represents around 70% of the worldwide MS market by revenue. He says currently there are no drugs approved to effectively treat SPMS.
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