Nutriband Receives Notice Of Allowance For New U.S. Patent Covering Its Transdermal Abuse Deterrent Technology Aversa™
Rhea-AI Summary
Nutriband Inc. (NASDAQ:NTRB) has received a Notice of Allowance from the USPTO for patent application 18/369,241, covering its Aversa™ abuse deterrent technology. This technology is designed to prevent abuse, diversion, misuse, and accidental exposure of drugs with abuse potential in transdermal patches.
The company's lead product, Aversa™ Fentanyl, aims to become the first abuse-deterrent fentanyl transdermal system. The technology utilizes a proprietary aversive agent coating that employs taste aversion to deter oral abuse. The intellectual property is protected by patents in 46 countries, including major markets like the US, Europe, Japan, and China.
According to a market analysis report, Aversa Fentanyl has the potential to achieve peak annual US sales between $80 million to $200 million.
Positive
- Patent allowance strengthens intellectual property protection in the US market
- Technology already protected by patents in 46 countries across major markets
- Potential first-mover advantage in abuse-deterrent pain patch market
- Projected peak annual US sales of $80-200 million for Aversa Fentanyl
Negative
- Product still under development, not yet commercialized
- Sales projections are estimates with no guarantee of achievement
Insights
The USPTO Notice of Allowance for Nutriband's Aversa™ technology marks a pivotal expansion of their IP fortress. This patent specifically strengthens protection for their abuse-deterrent transdermal system in the world's largest pharmaceutical market. The timing is particularly strategic as the opioid crisis continues to demand innovative solutions.
The patent's broad claims covering 'Abuse and Misuse Deterrent Transdermal Systems' suggest robust protection against potential competitors. With existing patents in 46 countries including major markets like Europe, Japan and China, Nutriband has effectively created significant barriers to entry. This comprehensive IP shield is important for protecting their projected
The technology's unique approach using taste aversion represents a novel solution to a complex problem. This patent allowance strengthens Nutriband's position in negotiations with potential pharmaceutical partners and increases the likelihood of successful commercialization. The market size projection appears conservative given the substantial unmet need for abuse-deterrent opioid delivery systems.
Key strategic implications include:
- Enhanced negotiating position with potential licensees or acquirers
- Reduced risk of competitive entry in key markets
- Stronger position for regulatory approval pathway
- Extended market exclusivity period
Nutriband's Aversa™ technology represents a significant advancement in addressing a critical market gap in transdermal drug delivery safety. The abuse-deterrent features target a pressing healthcare concern, particularly relevant given the ongoing opioid crisis. The potential to become the first abuse-deterrent pain patch creates a unique market position.
The technology's versatility in addressing both opioids and stimulants significantly expands the total addressable market beyond the initial
Market adoption drivers include:
- Growing regulatory pressure for abuse-deterrent formulations
- Healthcare provider preference for safer delivery systems
- Insurance companies' focus on risk mitigation
- Potential for preferred formulary status
The broad geographical patent protection positions Nutriband to capture value across major pharmaceutical markets. The technology's application potential across multiple drug classes suggests significant upside beyond the initial fentanyl market estimates, potentially multiplying the revenue opportunity.
The AVERSA™ transdermal abuse deterrent technology is protected by a broad international intellectual property portfolio with patents already issued in 46 countries including the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia
ORLANDO, Fla., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW), a company engaged in the development of prescription transdermal pharmaceutical products, today announced that it received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) on February 3, 2025 for patent application 18/369,241, "Abuse and Misuse Deterrent Transdermal Systems" which covers its Aversa™ abuse deterrent technology. The receipt of a Notice of Allowance means that the USPTO is expected to issue a U.S. patent for this application after administrative processes have been completed.
The expected issuance of this patent further expands Nutriband’s intellectual property protection in the United States for its portfolio of abuse deterrent transdermal products based on its proprietary Aversa™ abuse deterrent technology. This technology can be incorporated into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential. Nutriband’s lead product under development is Aversa™ Fentanyl, an abuse deterrent fentanyl transdermal system, with the potential to become the first and only abuse deterrent pain patch on the market.
Nutriband’s AVERSA™ abuse-deterrent technology can be utilized to incorporate aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential including opioids and stimulants. The technology consists of a proprietary aversive agent coating that employs taste aversion to deter the oral abuse of and accidental exposure to transdermal opioid and stimulant patch products.
The AVERSA™ abuse deterrent technology is protected by a broad international intellectual property portfolio with patents issued in 46 countries including the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia.
AVERSA Fentanyl has the potential to be the world’s first abuse-deterrent opioid patch designed to deter the abuse and misuse and reduce the risk of accidental exposure of transdermal fentanyl patches. AVERSA Fentanyl has the potential to reach peak annual US sales of
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1 Health Advances Aversa Fentanyl market analysis report 2022
About AVERSA™ Abuse-Deterrent Transdermal Technology
Nutriband's AVERSA™ abuse-deterrent transdermal technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse, such as fentanyl, while making sure that these drugs remain accessible to those patients who really need them. The technology is covered by a broad intellectual property portfolio with patents granted in the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia.
About Nutriband Inc.
We are primarily engaged in the development of a portfolio of transdermal pharmaceutical products. Our lead product under development is an abuse-deterrent fentanyl patch incorporating our AVERSA™ abuse-deterrent technology. AVERSA™ technology can be incorporated into any transdermal patch to prevent the abuse, misuse, diversion, and accidental exposure of drugs with abuse potential.
The Company's website is www.nutriband.com. Any material contained in or derived from the Company's websites or any other website is not part of this press release.
Forward-Looking Statements
Certain statements contained in this press release, including, without limitation, statements containing the words "believes," "anticipates," "expects" and words of similar import, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. The Company's actual results may differ materially from those anticipated in its forward-looking statements as a result of a number of factors, including those including the Company's ability to develop its proposed abuse-deterrent fentanyl transdermal system and other proposed products, its ability to obtain patent protection for its abuse technology, its ability to obtain the necessary financing to develop products and conduct the necessary clinical testing, its ability to obtain Federal Food and Drug Administration approval to market any product it may develop in the United States and to obtain any other regulatory approval necessary to market any product in other countries, including countries in Europe, its ability to market any product it may develop, its ability to create, sustain, manage or forecast its growth; its ability to attract and retain key personnel; changes in the Company's business strategy or development plans; competition; business disruptions; adverse publicity and international, national and local general economic and market conditions and risks generally associated with an undercapitalized developing company, as well as the risks contained under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Form S-1, Form 10-K for the year ended January 31, 2024, filed May 1, 2024, the Forms 10-Q’s filed subsequent to the Form 10-K in 2024, and the Company's other filings with the Securities and Exchange Commission. Except as required by applicable law, we undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date hereof.
Contact Information:
Nutriband Inc.
Phone: 407-377-6695
Email: Support@nutriband.com
SOURCE: Nutriband Inc.
FAQ
What is the potential market value for Nutriband's (NTRB) Aversa Fentanyl product?
How many countries have granted patents for NTRB's Aversa technology?
What is the significance of NTRB's recent USPTO Notice of Allowance?
How does Nutriband's (NTRB) Aversa abuse-deterrent technology work?
