ABVC BioPharma announced that it received a U.S. patent, Application No. 17/120,965, for the use of PDC-1421, a Radix Polygala extract, which is used in the Company’s asset ABV-1505, targeting Attention Deficit/Hyperactivity Disorder, ADHD. “This patent grants ABVC the right to exclude others from using, offering, or selling PDC-1421 throughout the United States until 2040,” said Dr. Uttam Patil, ABVC Chief Executive Officer. “As we work towards expanding our patent map into global coverage, we eagerly await the results of patent applications in the European Union, China, Japan, and others.” ABVC submitted the patent application to the United States Patent and Trademark Office under “Polygala Extract for the Treatment of ADHD.” The invention relates to oral administration of the formulation containing a Radix Polygala extract, PDC-1421, as a capsule for treating ADHD. Based on current studies, the composition should be administered three times a day for eight weeks; each dose ranges between 380-760 mg of the botanical extraction.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ABVC:
- ABVC BioPharma Receives U.S. Patent for ADHD Treatment, a $32 Billion Market
- ABVC BioPharma Enters Definitive Agreement with Licensing Income Worth $467M and Royalties Up to $200M
- ABVC BioPharma enters global licensing agreement with AiBtl BioPharma
- ABVC BioPharma Reports Third Quarter 2023 Financial and Operational Results
- ABVC BioPharma reports Q3 EPS (82c) vs ($1.14) last year
