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Hoth Therapeutics Exercises Patent Licensing Option with the George Washington University to Further Develop a Therapeutic for Cancer Patients Suffering Cutaneous Changes Like Rash and Hair Loss, as Well as Other Neurogenic Inflammation Side Effects
Preclinical results showed Substance P receptor blocker, inhibited cutaneous and other neurogenic inflammation side effects of the Anticancer EGFR-TKI,
About this update from Hoth Therapeutics, Inc.
[{"type":"text","content":"Preclinical results showed Substance P receptor blocker, inhibited cutaneous and other neurogenic inflammation side effects of the Anticancer EGFR-TKI, erlotinib\n\n\nNEW YORK, Jan. 15, 2020 /PRNewswire/ -- Hoth Therapeutics, Inc. (NASDAQ: HOTH), a biopharmaceutical company focused on unique targeted therapeutics for patients suffering from dermatological indications ranging from atopic dermatitis, psoriasis and acne along with gene therapy treatment for asthmatics, announced today it has exercised its option to take an exclusive license for patents owned by the George Washington University (GW). Hoth used the option period to evaluate GW's unique Substance P receptor blocker (Aprepitant) that inhibited cutaneous and other neurogenic inflammation side effects that cancer patients suffer during treatment with anticancer drugs. The exercise of the option agreement allows for Hoth to negotiate an exclusive patent license agreement. The option agreement included pre-negotiated business terms for the exclusive patent license, so Hoth anticipates finalizing the license this month.\n\n \n \n\n \nIn June of 2019, Hoth entered into a sponsored research agreement with GW to explore the potential use of Aprepitant in different forms.\nMr. Robb Knie, Chief Executive Officer of Hoth, commented, \"Our research collaboration with GW has yielded positive preliminary results. Our next step will be to plan for the quickest pathway to help patients suffering from adverse events, often so severe that they impair the patient's compliance with the anticancer treatment and even cause its discontinuation. Management looks forward to sharing the preclinical results of our unique formulation of this topical therapeutic upon its completion later this year.\"\nAbout Hoth Therapeutics, Inc.Hoth Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing new generation therapies for dermatological disorders. HOTH's pipeline has the potential to improve the quality of life for patients suffering from indications including atopic dermatitis, chronic wounds, psoriasis, and acne. HOTH has the exclusive worldwide rights to BioLexa, the company's proprietary lead drug candidate topical platform that uniquely combines two FDA approved compounds to fight bacterial infections across multiple indications. HOTH is preparing to launch its clin...