Shares of Soleno Therapeutics (NASDAQ: SLNO) are up 5% following the company’s news this morning that it has received a newly-issued patent (9,757,384) from the U.S. Patent and Trademark Office protecting the use of pharmaceutical formulations of diazoxide and its salts, including the company’s diazoxide choline controlled-release tablet (DCCR), to reduce one or more aggressive behaviors in a subject with Prader-Willi syndrome (PWS) or Smith-Magenis syndrome (SMS). The patent will provide protection to the company regarding associated claims into 2035. Soleno expects to commence a phase 3 clinical trial of DCCR in PWS by year-end 2017. “This patent will further strengthen the intellectual property portfolio for DCCR, our lead product candidate, for the treatment of PWS,” Soleno Therapeutics chief executive officer Anish Bhatnagar, M.D., stated in the news release.
To view the full press release, visit: http://nnw.fm/3eF4Z
About Soleno Therapeutics, Inc.
Soleno Therapeutics, Inc. is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company is currently advancing its lead candidate, DCCR, a once-daily oral tablet for the treatment of PWS, into a Phase III clinical development program at the end of 2017. Soleno, through its wholly-owned subsidiary, Capnia, Inc., continues to market Capnia’s innovative medical device, the CoSense® End-Tidal Carbon Monoxide (ETCO) monitor, which measures ETCO and is used by hospitals to detect hemolysis in newborns. It is expected that this product will be monetized and will not be a focus for the company in the long term. For more information, please visit www.soleno.life.
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