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Artelo Biosciences Awarded Composition of Matter Patent for Novel CBD Cocrystal
Claims to Improve Drug-Like Properties of CBD Receive Intellectual Property Protection Through 2038 LA JOLLA, Calif., May 12, 2020 (GLOBE NEWSWIRE) -- Artelo
About this update from Artelo Biosciences, Inc.
[{"type":"text","content":"Claims to Improve Drug-Like Properties of CBD Receive Intellectual Property Protection Through 2038\nLA JOLLA, Calif., May 12, 2020 (GLOBE NEWSWIRE) -- Artelo Biosciences, Inc. (NASDAQ: ARTL), a clinical stage biopharmaceutical company focused on developing proprietary therapeutics that target the endocannabinoid system and related biological signaling pathways, today announced that the U.S. Patent and Trademark Office has issued a “composition of matter” patent with claims covering ART12.11, the Company’s cocrystal, solid form of CBD (cannabidiol) and TMP (tetramethypyrazine). The new U.S. patent, No. 10,604467 for “Solid Forms of Cannabidiol and Uses Thereof,” provides intellectual property protection for ART12.11 until December 10, 2038.\n Artelo’s approach to achieving patent protection for a novel CBD composition was to create a cocrystal. Cocrystalization is a proven pharmaceutical development strategy and follows FDA guidance for chemicals with properties similar to CBD. “We started our research for a cocrystal of CBD in 2017 and are fortunate to now be at the forefront of this approach,” said Gregory D. Gorgas, Artelo’s President and CEO. “Cocrystals are not only expected to retain the therapeutic profile of a compound, they are intended to improve the drug-like properties of solid-dosage forms such as bioavailability, stability, absorption and consistency. These properties, in turn, can lead to a product candidate with better efficacy and safety,” added Mr. Gorgas. This composition of matter patent validates the approach of developing a novel CBD product candidate targeting large indications, such as PTSD and inflammatory bowel disease, and, if approved by FDA, can form the basis for market exclusivity through the end of 2038. About Artelo Biosciences Artelo Biosciences, Inc. is a San Diego-based biopharmaceutical company dedicated to the development and commercialization of proprietary therapeutics targeting the endocannabinoid system and related biological signaling pathways. Artelo is rapidly advancing a portfolio of broadly applicable product candidates designed to address significant unmet needs in multiple diseases and conditions, including anorexia, cancer, pain, and inflammation. Led by proven biopharmaceutical executives collaborating with highly respected researchers and technology experts, the company applies...