Radspherin® EU patent and OI-3 antibody US patent issued

STOCKHOLM, November 15, 2017 /PRNewswire/ --

Oncoinvent announced today that European Patent 3111959 entitled "Radiotherapeutic particles and suspensions" has issued.  The patent relates to a particle or pharmaceutical composition comprising one or more particles, or a suspension of same or different particles comprising a degradable compound and an alpha emitting radionuclide and/or a radionuclide generating alpha emitting daughter. The particles are beneficial for use in the treatment of cancer. This patent provides patent protection for the company's lead product candidate Radspherin® in Europe.

The company further announced that US Patent 9,782,500 entitled "Monoclonal Antibody and Derivatives" has issued.  The patent relates to a novel anti-CD146 antibody and derivatives that can be used for therapy and imaging, diagnosis and immunostaining.  CD146 is an antigen that is up-regulated in numerous cancers including melanoma, prostate cancer, breast cancer and lung cancer.

Jan A. Alfheim, Oncoinvent's CEO commented: "This is significant milestone in both the development of our lead product candidate, Radspherin® as well as development of our pipeline of follow on product candidates behind Radspherin®.   With the Radspherin® patent issuing in Europe we have secured protection of Radspherin® until 2035 in most of the major future markets for the product." Alfheim continued, "The issuance of our OI-3 antibody patent in the USA provides Oncoinvent a patent protection of novel OI-3 cancer immunotherapies, as well as a radioimmunotherapies based on a combination our Ra-224 radioisotope technology platform and the OI-3 antibody."

CONTACT:

For further information, please contact:

Jan A. Alfheim, Chief Executive Officer
Cell: +47-46-44-00-45
Email: alfheim@oncoinvent.com

IR enquiries:
Ole Peter Nordby, Chief Financial Officer 
Cell: +47-41-28-71-79 
Email: nordby@oncoinvent.com

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