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Propanc Biopharma Receives Certificate of Grant for “Proenzymes Composition” Patent from Japanese Patent Office
Certificate of Grant Received for “Cancer Treatment” Patent from IP Corporation of Malaysia MELBOURNE, Australia--(BUSINESS WIRE)-- Propanc Biopharma, Inc.
About this update from Propanc Biopharma, Inc.
[{"type":"text","content":"\nCertificate of Grant Received for “Cancer Treatment” Patent from IP Corporation of Malaysia\n\n\n MELBOURNE, Australia--(BUSINESS WIRE)--\nPropanc Biopharma, Inc. (OTC Pink: PPCB) (“Propanc” or the “Company”), a biopharmaceutical company developing novel cancer treatments for patients suffering from recurring and metastatic cancer, today announced that a Certificate of Grant for the Company’s “proenzymes composition” patent was received from the Japanese Patent Office. The patent covers dosing regimen claims for the company’s lead asset, PRP, which is advancing to clinical development. This is the fourth Japanese patent either allowed or granted in this important jurisdiction. Also, a certificate of Grant was also received from the Intellectual Property (IP) Corporation of Malaysia for a “cancer treatment” using therapeutically effective amounts of two proenzymes, trypsinogen and chymotrypsinogen. This is the third granted patent in Malaysia. Currently, the Company’s intellectual property portfolio consists of 93 patents filed in major global jurisdictions relating to the use of PRP against solid tumors.\n\n\nThe proenzymes composition patent is an important part of the IP portfolio as it covers possible future clinical dosage ranges for PRP as the Company advances into early-stage clinical development. Japan is considered an important pharmaceutical market, which is estimated to reach $46.36 Billion revenue in 2024, according to www.statista.com. The largest sector is oncology drugs, projected to have a market volume of $8.95 Billion in 2024, which overall, is experiencing a surge in demand for innovative drugs driven by an aging population and increasing prevalence of chronic (long term) diseases (www.statista.com).\n\n\nThe cancer treatment patent describes a method to target and eradicate cancer stem cells (CSCs) using PRP which minimizes the progression of cancer in a patient. Currently, progression, or spread of cancer, called metastatic cancer, is the main cause of patient death for sufferers. Malaysia is one of the largest countries in South East Asia. In 2024, the projected revenue in the pharmaceutical market in Southeast Asia is expected to reach $13.40 Billion. The largest market within this market is oncology drugs, which is projected to have a market volume of $2.40 Billion this year, according to www.evaluate.co...