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LONDON, UK / ACCESSWIRE / May 18, 2018 / If you want access to our free research report on ADMA Biologics, Inc. (NASDAQ: ADMA) ("ADMA"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ADMA as the Company's latest news hit the wire. On May 16, 2018, the New Jersey-based biopharmaceutical Company announced that the United States Patent and Trademark Office has issued to ADMA US Patent No. 9,969,793 covering methods of treating respiratory infections. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Detail of Patient Issued
The newly issued patent encompasses methods of treating upper and lower respiratory infections, including those caused by Respiratory Syncytial Virus (RSV), other viruses, as well as bacteria utilizing ADMA's investigational drug RI-002 that contains elevated, neutralizing antibody titers to RSV as well as elevated antibody titers to other respiratory pathogens, such as influenza virus, coronavirus, parainfluenza virus, and metapneumovirus. The term of the issued patent extends to January 2035.
The Patent is First of its Kind for Use of Polyclonal Immunoglobulin Preparation for Respiratory Infection Treatment
Adam Grossman, President and Chief Executive Officer of ADMA, stated that this patent is the first of its kind for use of a polyclonal immunoglobulin preparation for treatment of respiratory infection and, in conjunction with three previously issued patents to ADMA, further protects the Company's proprietary immune globulin technology for the prevention and treatment of infection.
According to Grossman, ADMA will continue to pursue additional US and international patents.
Grossman further added that ADMA remains committed to providing new avenues for treating patients at risk for or suffering from infection, including respiratory infections, while concurrently meeting or exceeding the high regulatory standards set by the United States Food and Drug Administration for immune globulin products. According to him, while the patent encompasses the therapeutic treatment of respiratory infection in any type of patient, the immune compromised and immunodeficient patient populations remain a top priority for ADMA and the medical community at large.
US Patents Issued in 2017
On November 15, 2017, the United States Patent and Trademark Office issued to the Company US Patent No. 9,815,886, relating to compositions and methods for the treatment of immunodeficiency. The patent encompassed immune globulin compositions (including ADMA's investigational drug RI-002 for the treatment of Primary Immune Deficiency Disease (PIDD)) containing elevated, neutralizing antibody titers to RSV as well as elevated antibody titers to other respiratory pathogens, such as influenza virus, coronavirus, parainfluenza virus, and metapneumovirus. The term of the issued patent extended to January 2035.
On July 31, 2017, ADMA was issued US Patent No. 9,714,283, which encompassed methods of providing immunotherapy to patients using immune globulin compositions proprietary to ADMA. The term of this patent extended to January 2035. The covered methods encompassed therapeutic and prophylactic treatments for a broad spectrum of immune compromised and immunodeficient patients via administration of RI-002.
RI-002, ADMA's lead product candidate, is a specialty plasma-derived, polyclonal, intravenous immune globulin (IGIV) derived from human plasma containing naturally occurring polyclonal antibodies as well as plasma from donors tested to have high levels of neutralizing antibodies to RSV. ADMA is pursuing an indication for the use of this specialty IGIV product for treatment of patients diagnosed with PIDD. Polyclonal antibodies are the primary active component of IGIV products. Data review indicates that the polyclonal antibodies present in RI-002 support its ability to prevent infections in immune-compromised patients.
About ADMA Biologics, Inc.
Founded in 2004 and headquartered in Ramsey, New Jersey, ADMA is a late-stage biopharmaceutical company that develops, manufactures, and intends to commercialize specialty plasma-based biologics for the treatment and prevention of PIDD and certain infectious diseases.
Stock Performance Snapshot
May 17, 2018 - At Thursday's closing bell, ADMA Biologics' stock rose 5.65%, ending the trading session at $5.42.
Volume traded for the day: 466.54 thousand shares, which was above the 3-month average volume of 119.27 thousand shares.
Stock performance in the last month – up 14.83%; previous three-month period – up 37.56%; past twelve-month period – up 39.69%; and year-to-date - up 68.85%
After yesterday's close, ADMA Biologics' market cap was at $235.82 million.
The stock is part of the Healthcare sector, categorized under the Biotechnology industry. This sector was up 0.1% at the end of the session.
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