MedPharm receives new patents for MedSpray topical spray-on-film technology

MedPharm Ltd (www.medpharm.co.uk), the topical drug development specialist, today announced it has been granted a series of further patents for its novel MedSpray® topical spray-on-film technology for dermatological, topical and transdermal drug delivery.

“Dermatology Therapeutics Market to 2018 - Novel Biologics Targeting Interleukin-17 Receptor Presents New Options in Psoriasis Treatment”

The North American drug delivery market is estimated to be worth in excess of $66.7 billion and is expected to register a CAGR of 8.9% between 2012 and 2017, transdermal/buccal systems are expected to make up a significant percentage of this figure. In addition, dermatological therapeutics in the top seven markets (US, UK, Germany, France, Italy, Spain, and Japan) are projected to grow to $19.1 billion by 2018. Emerging markets are likely to increase the rate of market expansion further and MedSpray®, will help licensees take the lead in this expanding market.

MedSpray® is a novel transdermal and topical drug delivery tool that can be used to deliver drugs in extended release form via spray-on-films delivered to the skin or other mucosal (topical) membranes. MedSpray® offers many advantages over traditional drug delivery systems. The technology allows enhanced drug delivery into or across the skin/mucosal membranes by creating a film, which can be manipulated to suit the specific drug and disease. This results in a lack of first pass metabolism, improved toxicity profiles and the potential for sustained and targeted drug delivery To date, MedSpray® has been trialled with over 20 drugs up to and including clinical evaluation.

CEO Dr Andrew Muddle commented: "We now have patents for MedSpray® in key countries throughout Europe, North America, and the rest of the world including, Brazil, Russia, India and China. Widening our patent coverage will enable us to bolster the commercial use of the technology. Currently MedPharm has a number of licensees developing products with this technology and with these new patents, the company can continue to expand licenced products into new markets."

"Our strategy is to work successfully with partners to develop new products with drugs provided by licensees," continues Dr Muddle. "All such MedSpray® agreements are based upon payment of royalties and contract development fees to MedPharm."

Source:

MedPharm Ltd

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
Squid-inspired technology could replace needles for medications and vaccines