Alitair Announces Issuance of an Additional Patent Covering its Platform Drug Delivery Technology, REA™
MORRISTOWN, New Jersey – January 21, 2014 – Alitair Pharmaceuticals, Inc., a revenue-stage pharmaceutical company with multiple respiratory product candidates in development, today announced the issuance of U.S. Patent No. 8,617,602 from the United States Patent and Trademark Office (USPTO) for its ion exchange resin drug delivery technology, REA™.
"Our proprietary ion exchange resin drug delivery platform can be utilized across a range of therapeutic classes and with many different molecules," stated Alitair President and CEO, William W. Howard, Ph.D. "The REA™ platform technology allows us to improve upon currently available therapies and create new solid-oral formulations with less frequent dosing schedules, both of which have been shown to improve patient adherence."
"Being awarded this third patent is an important milestone in our product development strategy and the growth of Alitair," continued Howard. "We will likely use this technology to provide protection for our orphan drug candidates, both of which can be formulated with our REA™ technology. This would extend the life span of our orphan candidates from 7 years to 20, further enhancing their value. We are also actively seeking funding and development partners to build on the momentum we’ve created and advance our product development programs."
About Alitair Pharmaceuticals:
Alitair Pharmaceuticals, Inc. develops medicines for the treatment of respiratory illnesses. Alitair has out-licensed two prescription cough candidates that use its proprietary ion-exchange resin technology (REA™). The company has two orphan drug candidates under development. Additional information about Alitair is available on the Alitair website at www.alitair.com.
Source: Alitair Pharmaceuticals, Inc.
Contact: Faith Pomeroy-Ward
Vice President, Corporate Development