Shares of Alterity Therapeutics (ATHE) is surging today because of a patent approved by the U.S. Patent and Trademark Office that covers 150 therapeutic compositions designed to redistribute the labile iron implicated in Parkinson’s disease, Alzheimer’s disease and other neurodegenerative conditions.
Alterity said its strategy is predicated on the hypothesis that its therapeutics can disrupt the underlying pathology of neurodegenerative conditions, in which labile iron is implicated in disease pathology.
This conditions that could be treated include Parkinsonian disorders such as Parkinson’s disease and Multiple System Atrophy, as well as Alzheimer’s disease, the company said.
The patent gives Alterity 20 years of exclusivity.
Alterity’s most advanced compound, ATH434, is in clinical development for Multiple System Atrophy.
“This broad patent establishes an excellent foundation for the company to pursue multiple therapeutics across a spectrum of neurodegenerative disease,” said CEO Geoffrey Kempler.
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