Nutriband Celebrates New Milestone with Patent Approval for Aversa™
Nutriband's Patent Notice - A Step Forward for Aversa™ Technology
Nutriband Inc. (NASDAQ:NTRB) recently achieved a major milestone in the realm of pharmaceutical innovation by receiving a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for its Aversa™ abuse deterrent technology. This exciting development signals the impending issuance of a U.S. patent for their patent application, which is aimed at enhancing the safety and efficacy of transdermal drug delivery systems.
Advancements in Abuse Deterrent Technology
The Notice of Allowance is an important indication from the USPTO that Nutriband’s plans to protect its cutting-edge Aversa™ technology are moving forward. This technology is designed to deter abuse, misuse, and accidental exposure to drugs that have a high potential for misuse, particularly opioids. By integrating aversive agents into transdermal patches, Nutriband aims to create an innovative solution that addresses a critical need in the pharmaceutical industry.
Understanding Aversa™ Technology
At the heart of Nutriband’s vision lies the Aversa™ technology, which is engineered to incorporate specific aversive agents within transdermal patches. This not only helps to prevent drug diversion but also significantly reduces the risks associated with accidental exposures. By employing taste aversion mechanisms, this technology is set to revolutionize the way patients interact with transdermal drug delivery systems, particularly for sensitive medications.
Nutriband’s Vision for the Future
Currently, Nutriband is developing its flagship product, the Aversa™ Fentanyl patch. This product is poised to be the first of its kind in the market that specifically addresses abuse deterrence with fentanyl—an opioid notorious for its abuse potential. The anticipated impact of the Aversa™ Fentanyl patch could not only define a new standard in opioid management but also open doors to enhanced market opportunities, with forecasts indicating potential annual sales ranging from $80 million to $200 million.
A Comprehensive Intellectual Property Strategy
The strength of Nutriband’s approach is fortified by a robust intellectual property portfolio that includes patents issued in various jurisdictions. With coverage spanning 46 countries including key markets in Europe, Japan, and Canada, Nutriband is well-positioned to safeguard its innovations. This comprehensive strategy not only highlights the company's commitment to its products but also ensures that their technologies are protected globally.
Commitment to Safer Pharmaceutical Solutions
The emphasis on patient safety is paramount at Nutriband. The Aversa™ technology is designed to facilitate drug access for patients who require effective medical solutions while simultaneously minimizing the risk of misuse. Nutriband strives to balance the need for effective pain management with the imperative of reducing the potential for abuse, marking a significant advancement in the pharmaceutical landscape.
About Nutriband Inc.
Nutriband Inc. is dedicated to the research and development of advanced transdermal pharmaceutical products. Their innovative Aversa™ technology serves as a testament to their commitment to addressing the challenges associated with opioid prescription and management. As they work towards developing products that prioritize patient health and safety, Nutriband continues to be a front-runner in pharmaceutical innovation.
Frequently Asked Questions
What is Aversa™ technology?
Aversa™ technology is a patented abuse deterrent system developed by Nutriband that incorporates aversive agents into transdermal patches to prevent misuse and accidental exposure of drugs.
What potential does Aversa™ Fentanyl have?
Aversa™ Fentanyl has the potential to be the first abuse-deterrent fentanyl patch on the market, with expected peak US sales reaching up to $200 million.
In how many countries is Nutriband's patent portfolio active?
The patent portfolio for Nutriband’s technologies is active in 46 countries, providing broad international protection for its innovations.
How does the Aversa™ technology improve patient safety?
The technology aims to deter the abuse of opioids and stimulants while ensuring that patients who genuinely need these medications still have access to them.
What is Nutriband's main focus?
Nutriband focuses on developing transdermal pharmaceutical products with an emphasis on abuse deterrence and improving the safety profile of medications.
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