On November 1, 2022 Nascent Biotech, Inc. (OTCQB:NBIO) ("Nascent Biotech", "Nascent", or the "Company"), a clinical-stage biotechnology Company who develops monoclonal antibodies targeting treatment of various cancers, reported that the United States Patent and Trademark Office (the "USPTO") will issue patent No. 11,492,394 on November 8, 2022 for claims related to the Company’s lead candidate Pritumumab (Press release, Nascent Biotech, NOV 1, 2022, View Source [SID1234622721]).
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The allowed patent, which is titled, "KITS AND CONTAINERS FOR TREATING VIMENTIN EXPRESSING TUMORS" , provides broad protection for Pritumumab ("PTB") and the storage conditions related to its use in clinical applications.
"This issuance strengthens our growing IP portfolio in our brain cancer treatment using Pritumumab, a unique natural antibody that crosses the blood brain barrier," said Sean Carrick, CEO of Nascent. "As we conclude our Phase I trial, this patent enhances our milestone achievements of moving the asset forward."
PTB is a natural human antibody that works by binding to Cell surface Vimentin (also referred to as ectodomain vimentin, or EDV), a protein expressed on the surface of epithelial cancers. PTB is used as a targeted immunotherapy because it targets only cancer cells without damaging healthy cells.