Benitec Limited (ASX:BLT) Patent Update: Strengthening And Expansion Of Dominant Patent Position In RNA Interference
The issue is crucial in re-establishing Benitec's primacy in this important technology which has the potential to treat and cure a wide range of human diseases.
Additionally, the Slovak Patent Office has granted Benitec and the Australian Commonwealth Scientific and Industrial Research Organization (CSIRO) the Slovakian Patent No. 287538 "Control of Gene Expression", a member of the Graham patent family covering the use of expressed RNAi for human therapeutics. Other European countries in which the patent has granted include Great Britain and Czech Republic.
The re-issue of the '099 patent in the US and the grant of the corresponding patent in the Slovak Republic further expands the countries in which Benitec's technology is recognised as a major force in RNA interference using the DNA directed approach.
Benitec now either owns or exclusively licences from CSIRO more than 40 granted or allowed patents in the field of RNA interference for human therapeutic applications. Patents have been granted in key territories such as the USA, the UK, Japan, Europe, Canada and Australia. In addition, Benitec has almost 50 patent applications pending for which they are the owner or exclusive licensee from CSIRO, and has further intellectual property under development as a result of its pipeline development program. In a January 2010 article in Nature Biotechnology this patent portfolio was described as "one of the most critical patent estates for deploying RNAi."
Dr Peter French, Benitec's CEO, said: "These patent results reinforce our dominant position in expressed RNAi and further supports our strategy of building a pipeline of novel RNAi-based therapeutics whose commercial potential is protected by a robust intellectual property position."
Benitec Biopharma Limited