GRI Bio Announces Notice Of Allowance For Canadian Patent Covering Proprietary Natural Killer T Cell Modulators
Portfolio Pulse from Benzinga Newsdesk
GRI Bio, Inc. (NASDAQ:GRI) announced the Canadian Intellectual Property Office's notice of allowance for a patent covering NKT cell modulators for treating inflammatory, fibrotic, and autoimmune diseases. This development is part of GRI Bio's efforts to protect its innovative pipeline globally. The company is advancing its lead program, GRI-0621, for treating Idiopathic Pulmonary Fibrosis, with interim Phase 2a data expected in the first half of 2024.
March 14, 2024 | 1:02 pm
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GRI Bio, Inc. received a notice of allowance for a Canadian patent on NKT cell modulators, advancing its pipeline for treating inflammatory diseases. The company's lead program, GRI-0621, is in Phase 2a for Idiopathic Pulmonary Fibrosis treatment.
The notice of allowance for a Canadian patent represents a significant step in protecting GRI Bio's innovative pipeline, potentially leading to a competitive advantage in the biotech industry. This development could positively impact investor sentiment and the company's stock price in the short term, especially as it advances its lead program, GRI-0621, through clinical trials. The anticipation of interim data from the Phase 2a study in 2024 could further drive interest and investment in GRI Bio.
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