ABVC BioPharma Receives Australian Patent Valid Until 2040 For The Use Of PDC-1421, Used In ABV-1504, For Treatment Of Major Depressive Disorder
Portfolio Pulse from Benzinga Newsdesk
ABVC BioPharma has been granted an Australian patent valid until 2040 for PDC-1421, a component of ABV-1504, aimed at treating Major Depressive Disorder. This development could enhance ABVC's intellectual property portfolio and potentially impact its market position in the treatment of depressive disorders.
February 12, 2024 | 1:32 pm
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ABVC BioPharma's Australian patent for PDC-1421 in ABV-1504 could significantly strengthen its position in the depressive disorder treatment market.
The granting of a patent until 2040 for PDC-1421, used in ABV-1504 for treating Major Depressive Disorder, represents a significant enhancement of ABVC BioPharma's intellectual property. This could lead to increased investor confidence, potential partnerships, and a stronger market position in the mental health sector. The patent not only secures ABVC's rights to PDC-1421 but also potentially opens up new avenues for revenue through licensing or direct sales, assuming successful development and approval of ABV-1504.
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