Umeå-based QureTech Bio has received preliminary approval for a patent application in the US for a drug candidate that helps treat tuberculosis.
“The US is a key market for us so this news really helps strengthen our position. We are at a very exciting stage right now,” says Fredrik Almqvist, CEO of QureTech Bio.
QureTech Bio is currently working on three projects aimed at treating tuberculosis, chlamydia and other infections caused by antibiotic-resistant bacteria. Today patients suffering from tuberculosis face a stressful treatment that can last more than six months. QureTech Bio has developed substances that can improve the effect of the antibiotics used in such treatment. In addition the new substances can make resistant bacteria susceptible to antibiotics again.
“We have extremely exciting results showing how tuberculosis bacteria that has developed resistance to isoniazid, the most commonly used antibiotic against tuberculosis, can be affected in a new way,” says Fredrik Almqvist.
QureTech Bio has now been preliminarily granted a patent in the US for its drug candidates used to treat tuberculosis.
“We have received preliminary approval, known as a Notice of Allowance, from the United States Patent and Trademark Office (USPTO). Formal approval is expected within a few months and then the patent will be valid until April 2037,” says Fredrik Almqvist.
QureTech Bio has previously had patents approved in other areas of infection, but this patent is the first one the company has been granted for its tuberculosis project.
“It is important for us to obtain patents in the US. Among other things it helps strengthen our position in discussions with potential partners and investors. But ultimately it's about being able to save more lives and providing patients with more humane forms of treatment,” says Fredrik Almqvist.
QureTech Bio is located at Umeå Biotech Incubator and their substances are built on research from Umeå University and Washington University in St. Louis, USA.
“We are currently actively looking for partners to be able to increase the pace of development in our company. Our drug candidates can help millions of people around the world in the future, so we want to get to market as soon as possible,” says Fredrik Almqvist.
For further information please contact:
Fredrik Almqvist, PhD
QureTech Bio Co-Founder and CEO
+46 70-397 90 97
About QureTech Bio:
QureTech Bio is a Swedish pharmaceutical development company that addresses a significant medical need by developing a new class of antibacterial agents that target antimicrobial resistance. QureTech Bio’s vision is to develop first-line medicines to combat infectious diseases and the occurrence of antibiotic resistance, establishing itself as a leading pharmaceutical discovery company in its field.
Umeå Biotech Incubator (UBI) is one of Sweden’s state-of-the-art business incubators within the life sciences. We help researchers to use their data to the benefit of patients and citizens, improving their health. We support and train entrepreneurs in the fields of pharmaceuticals, diagnostics and medical engineering, and act as a bridge between academia, medicine and the business community.