2008-07-17 14:41:00
RENO, Nev.–(EMWNews)–IpAuctions, Inc. will auction the worldwide biotherapeutic patents
previously owned by Cell Works Inc., a Maryland-based biotech company,
and acquired by CellPoint Diagnostics, Inc., based in Mountain
View, Calif. These patents primarily consist of organ-targeted drug
delivery systems to combat liver disease.
Fifteen major U.S. and worldwide medical patents and applications in
three major treatment areas will be auctioned, including one associated
with a liver cancer therapeutic drug that has been granted orphan drug
status by the Food and Drug Administration (FDA). The orphan drug status
designation is given to provide special benefits to encourage
development of drugs to treat conditions having a prevalence of less
than 200,000 cases in the U.S. The worldwide market for a liver cancer
therapeutic is quite large, however, and U.S. orphan drug status
includes other possible benefits such as research grants, assistance in
negotiating the regulatory process and special tax credits. The IP
portfolio currently for sale by IpAuctions consists of a therapeutic
platform for a ligand-directed drug delivery system that can target the
liver or the renal system for greater specificity and efficacy, with
less toxicity to the patient.
The patents and applications in this portfolio describe the use of a
ligand-directed drug delivery system. The system consists of a ligand (a
carbohydrate that is bound and internalized by a cell/tissue-specific
receptor on the cell surface) that serves as a guidance system to direct
the delivery of the conjugated drug to the targeted organ, according to
information provided by Cell Works Inc. of Maryland, the previous owner
of this IP portfolio.
IpAuctions, Inc.® (www.ipauctions.com)
is the leading online auction firm specializing in the sale of
intellectual property assets. The firm has a proprietary database of
over 7,000 attorneys, corporate and private buyers, and venture
capitalists, who wish to maximize their IP assets. IpAuctions, Inc. is a
member of the National Auctioneers Association and the ABI.
For more information about this sale or other intellectual property,
please contact Joseph Popolo (CEO) or Davel Foote (Mrktg), IpAuctions,
Inc. at 866-826-1300 or 348 Mill St., Reno, NV 89501 USA. Email: [email protected].
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IpAuctions, Inc., Reno |
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