Patent Covers Proprietary Compositions for Eczema Treatment
NEW YORK, Dec. 4, 2017 /PRNewswire/ — Hoth Therapeutics Inc. (“Hoth” or the “Company”), a development stage biopharmaceutical company focused on unique targeted therapeutics for patients suffering from indications such as atopic dermatitis, also known as eczema, today announced the issuance of the first U.S. patent relating to Hoth’s BioLexa Platform. On November 21, 2017, the United States Patent and Trademark Office (“USPTO”) issued U.S. Patent No. 9,821,063 entitled “Antimicrobial compositions of aminoglycosidic antibiotics and zinc ion chelators specifically formulated for enhanced inhibition of bacterial colonization and antibacterial efficacy.” The new patent is part of the technology portfolio Hoth is developing under an exclusive license from the University of Cincinnati (“UC”).
Hoth’s BioLexa Platform is a proprietary, patented, drug compound platform developed at UC. Dr. Andrew Herr, Ph.D, the developer of the technology and a member of Hoth’s Technology Advisory Board, is a listed inventor on the new patent. The claims of the patent encompass key pharmaceutical compositions for which Hoth intends to pursue regulatory approval and commercialization.
Robb Knie, Hoth CEO stated, “We are extremely pleased that the USPTO has issued this patent, providing valuable intellectual property in our BioLexa Platform. This patent is a key component to the growing value of the Company.”
Anthony Hayes, CEO of Spherix Incorporated (NASDAQ: SPEX), which is a large shareholder of Hoth, stated, “This new patent evidences the strength of our investment in Hoth. We look forward to Hoth’s pursuit of commercialization of this valuable technology platform.”
About Hoth Therapeutics Incorporated
Hoth Therapeutics Inc., a Nevada corporation, is a development stage biopharmaceutical company focused on unique targeted therapeutics for patients suffering from indications such as atopic dermatitis, also known as eczema.
Forward Looking Statements
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