Lipella Pharmaceuticals Receives U.S. Patent Approval for Advanced Liposomal Drug Delivery Platform, Shares Rise ~15% in Pre-Market

The clinical-stage biotechnology company focused on developing therapies for serious diseases with unmet medical needs Lipella Pharmaceuticals Inc. (LIPO), announced the receipt of a notice of allowance from the U.S. Patent and Trademark Office (USPTO) for its proprietary liposomal drug delivery platform. This patent application covers key technology innovations for delivering therapeutic agents.

The patent allows claims that cover Lipella’s method for using metastable liposomes to deliver a variety of therapeutic agents, including the company’s lead assets, LP-10 and LP-310. This proprietary technology allows accurate delivery which improves safety and efficacy in oncology, cancer survivorship and immunotherapy. Additionally, this newly allowed patent provides broad intellectual property protection for Lipella’s drug delivery platform and extends market exclusivity for the two lead clinical assets, LP-10 and LP-310, that are currently in Phase 2 trials.

LP-10 is a liposomal formulation of tacrolimus designed for intravesical administration to treat hemorrhagic cystitis (HC); a rare but severe condition characterized by bleeding from the bladder. LP-310 is an innovative oral rinse formulation of LP-10, designed to treat oral lichen planus (OLP), a chronic autoimmune disease affecting the mucous membranes of the mouth.

Dr. Michael Chancellor, Chief Medical Officer of Lipella Pharmaceuticals, commented, “The allowance of this patent is a significant milestone for Lipella as it strengthens our intellectual property portfolio and supports our ongoing efforts to advance therapies for conditions such as hemorrhagic cystitis and oral lichen planus. Our liposomal drug delivery system offers a safer and more effective means of administering therapeutics like tacrolimus by targeting disease sites directly and minimizing the systemic side effects typically associated with these treatments.” 

About Lipella Pharmaceuticals Inc.

Lipella Pharmaceuticals is a clinical-stage biotechnology company focused on developing new drugs by reformulating the active agents in existing generic drugs and optimizing these reformulations for new applications. Additionally, Lipella maintains a therapeutic focus on diseases with significant, unaddressed morbidity and mortality where no approved drug therapy currently exists. Lipella completed its initial public offering in December 2022. For more information, please visit www.lipella.com or LinkedIn.

Share this article:

Disclaimer

This communication was produced by Prism MarketView, an affiliate of PCG Advisory Inc., (together “PCG”). PCG is an integrated investor relations, communications and strategic advisory firm. The information contained on this is ‘Paid Advertising’ for purposes of Section 17(b) of the Securities Act of 1933, as amended (together with the rules and regulations there under, the “Securities Act”). “PCG” and its affiliates are compensated by respective clients for publicizing information relating to its client’s securities. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy…

Share this article:
Read Full Disclaimer

Share This Article

 

About the Author

Lipella Pharmaceuticals Receives U.S. Patent Approval for Advanced Liposomal Drug Delivery Platform, Shares Rise ~15% in Pre-Market

Ashlee Vogenthaler

Markets Editor