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IDEA AG continues to strengthen its IP position Munich, Germany – November 2004.
Gregor Cevc, Chief Executive Officer of IDEA, commented: "As a developer of innovative, targeted therapeutics, IDEA realises that it must maintain its technological leadership. The issuing of fundamental patents in EU, with further allowances expected to follow, will permit IDEA to advance and defend its commercial interests aggressively to the profit of its shareholders and partners.” - ENDS - For further information, please contact: IDEA AG Tel: +49 89 3246330 Maiwald Patentanwalts GmbH Notes to the editors: IDEA AG is a privately held biopharmaceutical company with headquarters in Munich, Germany. IDEA develops and commercializes non-invasive, targeted therapeutics based on stable, ultra-deformable carriers that are typically applied on the skin. These proprietary carriers are driven through the skin barrier by the local water gradient and can be engineered to achieve a high, localized drug concentration at the site of application and deep below. This method of application can diminish the local or systemic adverse side effects of a drug, and often increase its potency. To date, 44 patents from 8 patent families have been granted to the Company to protect its technology. The Company’s leading products are in the area of dermatology and pain,
and have excellent market potential. The targeted analgesic product IDEA-033,
with blockbuster potential, has recently completed a Ph III (EU) / Ph
II (US) clinical study. The North American marketing rights for this product
have been out-licensed to one of the world’s largest pharmaceutical corporations.
IDEA’s pipeline also includes two therapeutics (one in Ph II, for skin
pain and inflammation, and one in Ph I, with efficacy data for a dermatological
indication) and two pre-clinical stage dermatological products. In-house
capabilities range from formulation development and small-scale (GMP)
manufacturing work to clinical testing.
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