|Penny Stock Columns on the OTCBB|
More Patent Allowances for Provectus Pharmaceuticals' PH-10
by Lester YoungThe European Union has granted a patent application allowance to Provectus Pharmaceuticals, Inc. (OTCBB: PVCT) for its PH-10 dermatology agent and other related agents, along with their uses. The company has also been granted a patent application allowance in Canada for applicator devices used with PH-10.
These pending patents follow recent patents issued in the United States and India for PH-10, a topical product for the treatment of skin diseases such as eczema and psoriasis. Provectus currently holds an international portfolio of twenty-seven patents with five additional pending, in addition to a U.S. portfolio consisting of nineteen issued patents with three others pending.
Provectus, a development-stage company specializing in safer and less invasive dermatology and oncology therapies which are also more effective and economical than traditional methods, is currently assaying the PH-10 agent in Phase 2 clinical trials for the treatment of moderate to severe psoriasis. The company is also engaged in Phase 2 testing of its proprietary PV-10 oncology drugs for treatment of metastatic melanoma, and has received "orphan drug designation" from the U.S. Food and Drug Administration. (The orphan drug designation provides financial incentives to encourage companies to develop necessary drugs to combat rare diseases, where such development would normally be financially disadvantageous.) The new patents will further strengthen Provectus's push for maximum ownership rights of these new products, which may soon be sold in major markets around the world.
The writer does not own shares in the above stocks.
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