NeurogesX Receives Additional Notice of Allowance Covering NGX-1998 in U.S.
SAN MATEO, Calif., Aug. 2, 2012 (GLOBE NEWSWIRE) -- NeurogesX, Inc. (NGSX.OB) (OTCQB:NGSX) (OTCBB:NGSX), a specialty pharmaceutical company focused on developing and commercializing a portfolio of novel non-opioid, pain management therapies, today announced it has received an additional notice of allowance from the United States Patent and Trademark Office (USPTO) related to the company's family of patents for NGX-1998, the Company's next generation liquid formulation of prescription-strength capsaicin.
The allowed patent application expands on the Company's patent entitled, "Methods and compositions for administration of TRPV1 agonists." The claims in the allowed application relate to methods of treating capsaicin-responsive conditions with a liquid formulation containing between 10% and 30% by weight of a TRPV1 agonist and certain penetration enhancer combinations. The capsaicin-responsive conditions referenced in the patent application include various types of pain, such as neuropathic pain and pain associated with skin cancer. The patent issuing from this application is expected to expire in 2024.
The claims addressed by the parent patent are generally directed to the liquid formulation itself and methods of topically applying the formulation.
Ronald Martell, President and CEO, commented, "Since shifting to focus on NGX-1998, we have been pleased to build up our patent protection for this valuable potential therapy. This most recent patent allowance helps to further solidify the protection for NGX-1998 in the U.S. We are continuing to advance NGX-1998 towards enabling a Phase 3 trial by the end of 2012."
About NeurogesX, Inc.
NeurogesX, Inc. (OTCQB:NGSX) (OTCBB:NGSX) is a specialty pharmaceutical company focused on developing and commercializing a portfolio of novel non-opioid, pain management therapies to address unmet medical needs and improve patients' quality of life.
The Company's lead product, Qutenza®, is currently approved in the United States and the European Union. Qutenza® is now available in the United States for the management of neuropathic pain associated with postherpetic neuralgia (PHN). In Europe, Qutenza® is being marketed by Astellas Pharma Europe Ltd. (Astellas), the European affiliate of Tokyo-based Astellas Pharma Inc., for the treatment of peripheral neuropathic pain in non-diabetic adults, either alone or in combination with other medicinal products for pain.
The Company's most advanced product candidate, NGX-1998, is a topically applied liquid formulation containing a high concentration of capsaicin designed to treat pain associated with neuropathic pain conditions such as PHN. NGX-1998 has completed three Phase 1 clinical trials and one Phase 2 clinical trial in PHN patients, and the Company believes that NGX-1998 is ready to enter Phase 3 development.
The Company's early-stage pipeline includes pre-clinical compounds which include a number of prodrugs of acetaminophen. The Company has evaluated certain of these compounds in vitro and in vivo.
Safe Harbor Statement
This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the Act). NeurogesX disclaims any intent or obligation to update these forward-looking statements, and claims the protection of the Safe Harbor for forward-looking statements contained in the Act. Examples of such statements include but are not limited to statements regarding: NGX-1998 being ready for entry into Phase 3 development and the planned timing of entry of NGX-1998 into a Phase 3 clinical trial. Such statements are based on management's current expectations, but actual results may differ materially due to various risks and uncertainties, including, but not limited to: NGX-1998 may fail to demonstrate sufficient safety or efficacy in clinical trials to support further development or potential marketing approval; difficulties or delays in further clinical development of NGX-1998, including difficulties or delays in initiating Phase 3 clinical trials; adverse outcomes with respect toany End-of-Phase 2 meeting or correspondence with the FDA; market acceptance of Qutenza in already approved indications may not be sufficient to support further pursuit of commercialization of Qutenza or could have an effect on NeurogesX' development or other plans with respect to NGX-1998; Qutenza, NGX-1998 and NeurogesX' other product candidates may have unexpected adverse side effects; delay or prevention of commercialization or development activities due to unexpected expenses or a lack of sufficient resources; and difficulties or delays in identifying potential strategic partners for Qutenza and NGX-1998 and negotiating and entering into agreements with such entities. For further information regarding these and other risks related to NeurogesX' business, investors should consult NeurogesX' filings with the Securities and Exchange Commission.
CONTACT: NeurogesX, Inc. Stephen Ghiglieri Executive Vice President, COO and CFO (650) 358-3310 email@example.com Additional Contacts: The Ruth Group Stephanie Carrington / Nicole Greenbaum (investors) (646) 536-7017 / 7009 firstname.lastname@example.org / email@example.com Victoria Aguiar (media) (646) 536-7013 firstname.lastname@example.orgSource: NeurogesX 2012 GlobeNewswire, Inc.