BioDelivery Sciences (NASDAQ: BDSI) shares are up 7% after the company this morning said that it has received two new patents further strengthening BDSI’s overall intellectual property position. The new patents protect all three of its FDA-approved products: BELBUCA® buccal film, BUNAVAIL® buccal film, and ONSOLIS®. One patent covers the composition of the BioErodible MucoAdhesive (BEMA®) drug delivery technology, which provides additional patent coverage for BELBUCA and BUNAVAIL to July 2027 and will be listed in the Orange Book. The second patent, also to be listed in the Orange Book, extends protection on ONSOLIS from January 2020 to July 2027. Per the company’s licensing agreement with Collegium Pharmaceutical regarding ONSOLIS, the patent grant will result in a $3 million milestone payment to BDSI following FDA approval of a supplemental application supporting the new manufacturer for ONSOLIS. The company also expects a $4 million milestone payment for the first commercial sale of ONSOLIS in the first half of 2018.
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About BioDelivery Sciences International
BioDelivery Sciences International, Inc. (NASDAQ: BDSI) is a specialty pharmaceutical company with a focus in the areas of pain management and addiction medicine. BDSI is utilizing its novel and proprietary BioErodible MucoAdhesive (BEMA®) technology and other drug delivery technologies to develop and commercialize, either on its own or in partnership with third parties, new applications of proven therapies aimed at addressing important unmet medical needs. BDSI’s development strategy focuses on the utilization of the FDA’s 505(b)(2) approval process. This regulatory pathway creates the potential for more timely and efficient approval of new formulations of previously approved therapeutics. BDSI’s marketed products and those in development address serious and debilitating conditions such as breakthrough cancer pain, chronic pain, painful diabetic neuropathy and opioid dependence. BDSI’s headquarters is in Raleigh, North Carolina. For more information, please visit www.bdsi.com.
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