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News and Announcements

Innate Immunotherapeutics Gets Patent Ahead of Investor Talks

  • Published December 18, 2012 9:26PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Auckland, New Zealand December 18 2012: A new drug for the treatment of secondary progressive multiple sclerosis (SPMS) called MIS416, developed by New Zealand biopharmaceutical company Innate Immunotherapeutics, has been granted a patent in the United States.

Innates chief executive Simon Wilkinson says the US patent is a significant milestone as the US market represents around 70% of the worldwide MS market by revenue. He says currently there are no drugs approved to effectively treat SPMS.

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