Synthetic Biologics receives Patent office allowance for active agent in IBS-C treatment — 3 key notes

The U.S. Patent and Trademark Office issued Synthetic Biologics a Notice of Allowance for the active agent SYN-010.

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Here’s what you should know:

1. SYN-010 is a proprietary, modified-release lovastatin lactone formulation used for constipation treatments.

2. The company will be able to protect SYN-010 until at least 2034, allowing for a period of extended commercialization.

3. Fifty-five U.S. and foreign patents protect SYN-010. There are another 25 patents pending.

Synthetic Biologics CEO Jeffrey Riley said in a release, “Once issued, this patent will extend the protection around the use of SYN-010 to treat IBS-C by an additional eleven years and significantly strengthens the opportunity to build long-term value for our shareholders.”

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