Patent Granted To IGC Pharma For Groundbreaking Drug Formulation To Treat Agitation In Alzheimer's
Portfolio Pulse from Benzinga Newsdesk
IGC Pharma, Inc. (NYSE:IGC) has received a patent in Mexico for its Alzheimer's treatment, 'Method and Composition for Treating CNS Disorder.' The company is conducting a Phase 2 trial for IGC-AD1, aimed at treating agitation in Alzheimer's patients. The patent is a key step towards potential commercialization in various jurisdictions, including the U.S. and Europe. Alzheimer's disease is a significant public health concern, with rising numbers and costs. IGC Pharma is developing multiple drug assets to address Alzheimer's-related agitation.
December 19, 2023 | 2:29 pm
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IGC Pharma has been granted a patent in Mexico for its Alzheimer's treatment, which could lead to further approvals in the U.S. and Europe. The company is advancing a Phase 2 trial for its lead candidate, IGC-AD1, targeting agitation in Alzheimer's disease.
The granting of a patent is a positive development for IGC Pharma, as it strengthens the company's intellectual property portfolio and supports the potential commercialization of its Alzheimer's treatment. The progress in clinical trials and the pursuit of patents in other jurisdictions indicate a proactive approach to securing market position. Given the significant impact of Alzheimer's disease and the lack of effective treatments, any positive news related to drug development can be expected to have a favorable impact on investor sentiment and the company's stock price in the short term.
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