Sareum Holdings plc (AIM:SAR), the specialist cancer drug discovery and development company, notes an announcement made by Sierra Oncology, Inc. yesterday stating that selection patents* that explicitly protect the Chk1 inhibitor SRA737 have been granted in the USA and Europe, extending its protection period to the year 2033 in the US.
The full announcement can be found on Sierra Oncology’s IR website here.
Dr Tim Mitchell, CEO of Sareum, commented:
“SRA737 is a valuable asset to Sareum through its licence to Sierra Oncology. We are pleased to see that patents to protect it have been granted in these major territories.”
Sierra Oncology holds exclusive and worldwide rights for the Chk1 inhibitor, SRA737, having licensed the programme from Sareum’s co-investment partner, the CRT Pioneer Fund in September 2016. This announcement does not trigger any milestone payments under the terms of the agreement.
* Patent nos US 9,663,503, EU 2855448
