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ValiRx receives notification of patent grant allowance in New Zealand for VAL401

ValiSeek Limited, the joint venture between ValiRx and Tangent Reprofiling Limited has received notification of a New Zealand patent grant allowance.

ValiSeek was formed to progress the drug VAL401 through its remaining pre-clinical development and towards Phase II trials for the treatment of lung cancer and other oncology indications

ValiSeek Limited, the joint venture between ValiRx Plc (LON:VAL) and Tangent Reprofiling Limited, has received notification of a New Zealand patent grant allowance.

The patent, granted in the US as patent US9072743 on 14 May 2015, covers both the formulation of VAL401 and its use as a treatment against hormone-related cancers, including lung cancer.

"This is the first non-US patent grant allowance received for the VAL401 project and, as such, it provides an international validation of the programme to support world-wide commercialisation," said Dr Suzanne Dilly, the chief executive officer of ValiSeek Limited.


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