Jump to content

Novelos Nabs Patent on Anti-Cancer Drug


Christine

Recommended Posts

Monday, September 10, 2007

Newton-based Novelos Therapeutics Inc. reports it has obtained a U.S. patent that covers certain aspects of its lead anti-cancer compound, NOV-002.

The drug is in Phase 3 clinical trials for the treatment of nonsmall cell lung cancer and has been granted a fast-track regulatory designation from the U.S. Food and Drug Administration, according to the firm.

Company officials said the new patent covers the structure of NOV-002, giving the firm five U.S. patents related to its oxidized glutathione technology and allowing the firm to expand its pipeline of compounds with the same structure.

The company now has NOV-002 in Phase 2 studies for patients with ovarian cancer and unable to be treated with chemotherapy, as well as those with early-stage breast cancer.

Novelos, a developer of drugs to treat cancer and hepatitis, reported a 2006 net loss of $8.9 million with no revenue. The firm has seven employees.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.