Printer Friendly
The Free Library
14,505,492 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Santarus Receives Notice of European Patent Issuance.


SAN DIEGO -- Santarus, Inc. (Nasdaq:SNTS SNTS Society for New Testament Studies
SNTS Standalone NMD Training System
), a specialty pharmaceutical company, today announced that it has received a notice from the European Patent Office (EPO EPO

see erythropoietin.

EPO Erythropoietin, see there
) that no third party oppositions were filed against EPO Patent Grant No. 1246622, relating to pharmaceutical compositions in the form of a non-enteric coated tablet and comprising proton pump inhibitors Proton Pump Inhibitors Definition

The proton pump inhibitors are a group of drugs that reduce the secretion of gastric (stomach) acid. They act by binding with the enzyme H+, K(+)-ATPase, hydrogen/potassium adenosine triphosphatase
 (PPIs) and one or more buffers. A notice of the publication of the grant of the EPO patent application was issued by the EPO on September 27, 2006 and the period of opposition required under European patent law European patent law covers a wide range of legislations including national patent laws, the Strasbourg Convention of 1963, the European Patent Convention of 1973, and a number of European Union directives and regulations.  expired on June 27, 2007. The European patent expires in January 2021 and is licensed to Santarus under its license agreement with the University of Missouri.

"The issuance of the European patent expands our portfolio of licensed patents issued outside the U.S., including those in Australia, Mexico, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Russia, Singapore, South Africa and South Korea," said Gerald T. Proehl, president and chief executive officer of Santarus, Inc. "As we further expand the patent portfolio for our immediate-release PPI (1) (Pixels Per Inch) The measurement of the resolution of a monitor or scanner. For example, a monitor that is 16 inches wide and displays 1600 pixels across its width would have a resolution of 100 ppi (1600 divided by 16).  technology, we are continuing to evaluate potential licensing opportunities with pharmaceutical companies that have international commercialization capabilities."

Santarus has an exclusive, worldwide license agreement with the University of Missouri for patents and pending patent applications relating to specific formulations of PPIs with antacids Antacids Definition

Antacids are medicines that neutralize stomach acid.
Purpose

Antacids are used to relieve acid indigestion, upset stomach, sour stomach, and heartburn.
 and other buffering agents. Currently five U.S. patents have been issued and several U.S. patent applications are pending and are subject to this license. The five issued patents, which expire in July 2016, generally cover pharmaceutical compositions combining PPIs with buffering agents, such as antacids, and methods of treating gastrointestinal disorders by administering solid or liquid forms of such compositions.

About Santarus

Santarus, Inc. is a specialty pharmaceutical company focused on acquiring, developing and commercializing proprietary products that address the needs of patients treated by gastroenterologists or primary care physicians. The company's current marketing efforts are primarily focused on ZEGERID([R]) (omeprazole/sodium bicarbonate) Capsules and Powder for Oral Suspension. These products are immediate-release formulations of omeprazole omeprazole /omep·ra·zole/ (o-mep´ra-zol) an inhibitor of gastric acid secretion used in the treatment of dyspepsia , gastroesophageal reflux disease, disorders of gastric hypersecretion, and peptic ulcer, including that associated with , a widely prescribed proton pump inhibitor proton pump inhibitor
n.
A class of drugs that inhibit gastric acid secretion by interfering with the movement of hydrogen ions across cell membranes and are used mainly to treat peptic ulcers, gastroesophageal reflux disease, and esophagitis.
. More information about Santarus is available on the company's Web site at www.santarus.com.

Santarus cautions you that statements included in this press release that are not a description of historical facts are forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by Santarus that any of its plans will be achieved. Actual results may differ materially from those set forth in this release due to the risks and uncertainties inherent in Santarus' business, including, without limitation: Santarus' ability to expand or maintain the scope and validity of patent protection for its ZEGERID products and immediate-release technology and its ability to commercialize its ZEGERID products without infringing the patent rights of others; Santarus' ability to enter into one or more license agreements with pharmaceutical companies that have international commercialization capabilities on favorable terms or at all; other difficulties or delays relating to the development, testing, manufacturing and marketing of, and maintaining regulatory approvals for, Santarus' products; and other risks detailed in Santarus' prior press releases as well as in public periodic filings with the Securities and Exchange Commission.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Santarus undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of Section 21E of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995.

Santarus([R]) and ZEGERID([R]) are trademarks of Santarus, Inc.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Aug 3, 2007
Words:608
Previous Article:Company Profile for Akal UK Ltd. T/A Choiceful.com.
Next Article:Noted Physicians in the Field of Dermatology Discuss Latest Developments for Topically Treating Acne, Aging and Photodamage at AAD Symposium.
Topics:



Related Articles
Happy hunting around the corner.(Recreation)(There are a number of hunting-related news items to ponder as the most popular seasons draw near)
VON TEESE REALLY LIKES 'SEX'.(LA.COM)
Governor's BCP overhaul 'flawed' says environment expert.(ASSOCIATIONS, EVENTS & AWARDS)
Electricians switch to e-filing.(ASSOCIATIONS, EVENTS & AWARDS)
RE group building Homes for Our Troops.(INSIDERS OUTLOOK)
GOP presidential candidate surprised at Internet reception he's received.(QuickQuotes)
Correction.(AGENCY NEWS)(Correction notice)
Building the company brand. Build the trust that builds sales.(Agricultural Media Summit)
What's new in the Canadian market.(CANADIAN UPDATE)
Toyota Notice Concerning Acquisition of Own Shares.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles