Medicortex Finland Oy Announces Issuance of a Patent in Canada
TURKU, Finland. Medicortex Finland Oy, a biopharmaceutical company focusing on the development of diagnostics and drug treatment for mild traumatic brain injury (TBI), today announced that company’s core patent covering the diagnostic kit and innovative biomarker was granted in Canada.
“This is a big achievement - we are very pleased with the development of our patent portfolio” said Doctor Adrian Harel, Chief Executive Officer of Medicortex. “This new issuance continues to increase the intellectual property portfolio covering methods of using certain biomarkers for detection of concussion and mild TBI. The issuance of this patent is another important step in the development of a robust patent portfolio relating to new strategy to help identify and treat mild TBI” Dr. Harel continued with great pleasure.
Medicortex is currently developing a rapid diagnostic kit for detection of concussion and mild traumatic brain injury from urine or saliva. The kit is based on specific biomarkers that the company has discovered from body fluids following brain injury. Such a rapid kit will satisfy the urgent need to improve the detection of brain injury in mild cases especially – which are known to be potentially morbid but difficult to diagnose with the contemporary means. The issued patent covers the core technology and method for detecting glycan-based biomarkers which are indicative of traumatic brain injury.
The issued Canadian patent number 2,982,503 “Prognostic and Diagnostic Glycan-Based Biomarkers of Brain Damage” is the third grant in the patent family where relative patents were previously issued in Europe and in the USA. Canada is an important region to get the biomarker technology protected as there are several hundreds of thousands brain injury cases in the country every year and the incidence is high because of national sports such as ice hockey and other winter games.
Medicortex’ patent portfolio encompasses diagnostics of TBI biomarkers as well as related drug candidates developed by the company. The comprehensive patent coverage secures exclusivity to develop the products and the company’s strategy is to actively seek new patentable innovations from its biomarker and drug development programs.
As Medicortex reached this important milestone, preparations are underway for an Initial Public Offering and a listing of the company’s shares on a stock exchange. Medicortex is currently performing a financing round (pre-IPO) which will equip Medicortex with the necessary resources to ambitiously further develop and strengthen the company for its planned IPO. To read more about the investment case, please visit the Medicortex website (www.medicortex.fi/investors).
Cautionary Note Regarding Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Medicortex assumes no obligation to, and does not intend to, update any forward-looking statements, whether as a result of new information, future events or otherwise.
Medicortex Finland Oy
Dr. Adrian Harel - CEO
Tel. +358 (0) 400 488 817
About Medicortex Finland Oy
Itäinen Pitkäkatu 4 B
Medicortex Finland Oy is a biotechnology company dedicated to improving the diagnostics and treatment of Traumatic Brain Injury (TBI). Its current focus is on developing biomarker diagnostics to detect head injury. The company has the technology to capture biomarkers from urine and saliva and to develop them into an affordable diagnostic tool. Medicortex was established by an Israeli neurobiologists Adrian Harel (PhD, MBA) in 2014, and the company is based in Turku, Finland.
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Latest releases from Medicortex Finland Oy
Business Finland myönsi rahoitusta Medicortexille4.3.2021 14:58:53 EET | Tiedote
Medicortex Finland Oy, turkulainen aivovammojen diagnostiikkaan ja lääkekehitykseen erikoistunut yritys, on saanut rahoitusta Business Finlandilta. Rahoituksen avulla yritys voi nopeuttaa tapaturmaisten aivovamman ja aivotärähdyksen havaitsemiseen käytettävän pikatestin kehitystä.
Medicortex Finland Oy Announces Issuance of a Patent in the United States18.9.2020 09:44:43 EEST | Press release
TURKU, Finland. Medicortex Finland Oy, a biopharmaceutical company focusing on the development of diagnostics and drug treatment for mild traumatic brain injury (TBI), today announced that the United States Patent and Trademark Office (USPTO) has issued a patent covering company’s diagnostic kit and innovative brain injury biomarker.
Medicortex Finland Oy Announces the Advancement in Clinical Trial for Detection of Mild Traumatic Brain Injury in Children31.8.2020 15:43:39 EEST | Press release
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Medicortex Finland Oy Announces the Progression of Clinical Trial for Detection of Mild Traumatic Brain Injury in Children9.6.2020 12:15:42 EEST | Press release
TURKU, Finland. Medicortex Finland Oy announces the progression of clinical trial for detection of mild Traumatic Brain Injury (TBI) and concussion. Company’s third clinical trial is focusing on children and adolescents, and the recruitment of patients is taking place at Satasairaala hospital in Finland. The first patients with head injury and the first healthy controls have been enrolled in the study.
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Medicortex Finland Oy:lle tutkimusrahoitusta Yhdysvaltain Puolustusministeriöltä3.7.2019 14:00:00 EEST | Tiedote
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