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Verona Pharma Gets Key EU Patent Related To Ensifentrine; Stock Up

Shares of Verona Pharma plc (VRP.L,VRNA) were gaining around 2 percent in the morning trading in London after the clinical stage biopharmaceutical company focused on respiratory diseases announced Tuesday that the European Patent Office has recently granted an additional key patent relating to its lead development candidate, ensifentrine.

The patent provides intellectual property protection throughout Europe out to 2035 for a suspension formulation of ensifentrine (RPL554) suitable for nebulized administration. A corresponding patent has already issued in the US.

Ensifentrine is in Phase 2b clinical trials for chronic obstructive pulmonary disease or COPD. This first-in-class inhaled therapy has both bronchodilator and anti-inflammatory activity in a single agent and has the potential to address a major unmet need in COPD.

This patent further strengthens Verona Pharma's intellectual property estate, which provides exclusivity for ensifentrine products in key markets such as the US and Europe out to 2035.

Currently, the patent estate includes eight issued US patents and seven European patents, which have been validated in a wide range of countries throughout Europe, as well as patents in other commercially important jurisdictions such as China and Japan.

In London, Verona Pharma shares were trading at 61 pence, up 1.67 percent.

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