SCOLR Pharma, Inc. Announces Receipt Of Notice Of Allowance Of New U.S. Patent
BOTHELL, Wash., May 3 /PRNewswire-FirstCall/ -- SCOLR Pharma, Inc. (NYSE AMEX: DDD) today announced that the United States Patent and Trademark Office (USPTO) issued a notice of allowance for SCOLR's U.S. Patent Application No. 11/906,303 for a method of forming a tablet. Upon issuance, this patent will provide SCOLR with patent protection for the blending and tableting process currently utilized in their novel extended release ibuprofen formulation and analogous processes for other active pharmaceutical ingredients susceptible to tackiness. The USPTO also determined that the application is eligible for 323 days of Patent Term Adjustment, extending the duration of this patent once it formally issues in the coming months.
Stephen J. Turner, SCOLR Pharma's President and CEO, said, "The allowance of claims in this U.S. patent application represents another successful milestone for SCOLR. Once issued, this new patent significantly enhances the protection and value our intellectual property provides to our overall product portfolio. In addition to providing valuable protection to some of the process innovations behind our novel extended release ibuprofen formulation, it covers processes for forming tablets with other challenging compounds."
About SCOLR Pharma:
Based in Bothell, Washington, SCOLR Pharma, Inc. is a specialty pharmaceutical company focused on applying its formulation expertise and patented CDT platforms to develop novel prescription pharmaceutical, over-the-counter (OTC), and nutritional products. Our CDT drug delivery platforms are based on multiple issued and pending patents and other intellectual property for the programmed release or enhanced performance of active pharmaceutical ingredients and nutritional products. For more information on SCOLR Pharma, please call 425-368-1050 or visit http://www.scolr.com/.This press release contains forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the Company's ability to fund our operations into the second half of 2011, the Company's anticipated strategic, operational, and financial goals, the Company's planned focus in 2010, the success of its products in the marketplace, the impact of recent financings, and potential partnership opportunities for its product candidates. These forward-looking statements involve risks and uncertainties, including activities, events or developments that we expect, believe or anticipate will or may occur in the future. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including unanticipated costs and expenses associated with our product development, clinical activities and regulatory review, reductions in our royalty revenues, our ability to create and maintain partnerships or other relationships, our ability to successfully complete research and development, our ability to raise additional funds, the continuation of arrangements with our product development partners and customers, competition, government regulation and approvals, and general economic conditions. For example, if we are not successful in raising additional capital or securing partnership arrangements, we may not be able to advance development and commercialize our products. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the Securities and Exchange Commission. Such filings are available on our website or at www.sec.gov. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstance. SOURCE SCOLR Pharma, Inc.
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