Klaria announced earlier in the year that it had submitted an additional patent application on the sumatriptan oral film product to further protect the product and potentially extend its market exclusivity. The International Search Authority (ISA), which informs the decisions of the European Patent Office (EPO) as well as many other international patent authorities has issued their report stating that all claims made in the application fulfill all requirements of patentability.
The ISA opinion on the claims made in the patent application for the Sumatritan Oral Film was that all claims fulfilled the requirements for novelty and inventive step. Since patent authorities like the EPO rely on the ISA to highlight any problems in patent claims before the patent is granted, the ISA opinion is the first critical step in gaining patent protection for any invention.
Under normal circumstances, once the patent is granted the patent life is 20 years. This is the case for the original Sumatritpan Oral Film patents, which currently give the product exclusivity until 2038. Once the new patent is granted, the patent protection and thus the market exclusivity will be extended to 2045 - 20 years after the filing date of 2025.
A seven-year extension of the patent life is a very significant change in the overall calculated value of any drug product, particularly in the migraine market which is projected to continue a yearly 8-12% growth rate in the future. For a product like the Sumatritpan Oral Film, which is expected make a significant impact on the current approximately 5 billion dollar per year global sumatriptan market, at least seven additional years of market exclusivity adds significant value to the overall product.
For more information, visit the Klaria Pharma Holding website klaria.com or contact:
investor.relations@klaria.com
Tel: +46 (0) 8-446 42 99
This is Klaria Pharma Holding AB
Klaria (Klaria Pharma Holding AB) is a Swedish listed pharmaceutical company that develops innovative, rapid-acting products. By combining patented technology of a film that attaches to the oral mucosa and well proven pharmaceuticals, the company has developed a drug distribution concept with many benefits and potential uses. Klaria is listed on Nasdaq First North Growth Markets under the short name KLAR. FNCA Sweden is Certified Advisor (info@fnca.se, +46(0) 8-528 00 399) for Klaria Pharma Holding AB. For more information, see www.klaria.com.