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Posted on Jul 27, 10:44AM | IBNS
Venus Remedies Limited, a research based global pharmaceutical company, on Thursday said it has secured its third US patent for another antibiotic product Potentox.
Granted by the United States Patent and Trademark Office, the patent protects the composition of Potentox and the method of treatment.
The Patent provides an exclusivity period for Potentox until May 2027.
In addition to this new patent grant, Potentox is protected by a number of other patents from across the Globe including India, Australia, New Zealand, South Korea, South Africa and Ukraine.
Potentox is an antibiotic adjuvant entity (AAE); a new drug product effective in case of Hospital Acquired Pneumoniae and Febrile Neutropenia infections, Quinolones or Aminoglycoside resistant cases.
``We see this patent grant as recognition of the capability of not only our company but Indian pharmaceutical industry as a whole in the field of pharmaceutical research," said Dr. Mufti Suhail Sayeed, Vice President-Venus Medical Research Centre (VMRC), Venus Remedies Limited.
"Potentox US patent has reinstated our capability to bridge the unmet need in the field of antibiotics that would also help in getting the product commercialized in the US markets.
"We have already initiated for strategic tie-ups with Global Pharma giants,'' said Sayeed.
Infections caused by resistant microorganisms often fail to respond to conventional treatment, resulting in prolonged illness and greater risk of death.
Getting a patent grant for Potentox from US at such point in time can prove to be all the more significant for society at large as the drug works synergistically on Multi-drug resistant bacteria that not only halts the development of bacterial resistance but also its spread, said the company.
As per the latest reports by Centers of Disease Control and Prevention (CDC), that healthcare-acquired infections cost hospitals in the United States between USD 35.7 and USD 45 billion annually.
It is estimated that the Antibiotic-resistant organisms make up a large part of these infections and result in an estimated 8 million extra days of hospitalization. The portion of excess cost attributable to resistant organisms exceeds USD 20 billion annually (Hughes 2011).
Potentox is the result of years of relentless efforts of scientist at Venus Medicine Research Centre.
As per Dr. (Mrs) Manu Chaudhary, JMD and Director- Research, Venus Remedies Limited, "We have done clinical studies on >500 patients, which has indicated approximately 20-30pc reduction in the cost of therapy as compared to conventional therapies being used."
"Besides this, studies conducted in hospitals across India have also shown that our novel antibiotic Potentox is suitable for the treatment of Nosocomial Pneumonia and Febrile Neutopenia infections."
The Company has already been marketing Potentox successfully in India and few of the emerging markets around the globe.
The product is growing with a CAGR of 50pc since past 3 years and now Venus is planning to have a pre IND meeting with US FDA for fast track approval of this product.
The Company is also open for the strategic tie-ups with the international pharma companies.
Globally, the antibiotics market generated sales of USUSD 42 billion in 2009, representing 46pc of sales of anti-infective agents (which also include antiviral drugs and vaccines) and 5pc of the global pharmaceutical market.
However, the antibiotics market is maturing; it showed an average annual growth of 4pc over the past 5 years, out of this US alone contributes 35pc of market share which is USUSD 12 billion.