SciSparc Granted Patent for Core Technology in Multiple Jurisdictions in Europe
SciSparc Ltd. (Nasdaq: SPRC) announces the completion of the granting and validation process for its core-technology patent covering combinations of cannabinoids and n-acylethanolamines in certain European countries. This patent enhances the safety of cannabinoids, maintaining therapeutic benefits with low dosages of active components. The Patent was granted and validated in multiple European countries, supporting SciSparc's innovative technologies.
The recent patent acquisition by SciSparc Ltd. in multiple European countries is a strategic move that enhances the company's intellectual property (IP) moat, particularly for its core technology involving cannabinoids and n-acylethanolamines. This expansion of IP rights is critical as patents are the lifeblood of pharmaceutical companies, providing them with exclusive rights to manufacture and sell their inventions, thus preventing competition for a limited time and potentially increasing market share and revenues.
When evaluating the impact of such a patent, it's important to consider the potential for licensing agreements or partnerships , which could provide additional revenue streams. Moreover, the patent could be a deterrent for competitors considering entering the same therapeutic space. The broad validation across multiple countries signifies a robust recognition of the novelty and utility of SciSparc's technology, which may be indicative of the company's potential to penetrate the European market effectively.
However, the true value of the patent will ultimately be determined by the success of the therapies developed from it. The company's focus on central nervous system disorders and rare diseases, areas with high unmet medical needs, suggests that if their therapies prove effective, the patent could be highly valuable. The emphasis on safety and reducing side-effects is also noteworthy, as this could lead to a favorable reception from both regulatory bodies and the medical community.
The announcement of SciSparc's patent validation in key European jurisdictions has potential implications for the company's financial outlook. Patents serve as a barrier to entry for competitors and can be a key driver for investment attractiveness . With the protection of its core technology in a significant market like Europe, SciSparc could see an improvement in its valuation as it mitigates the risk of generic competition for its pipeline products.
Investors should monitor the company's research and development (R&D) expenditures and the progress of its clinical trials, as these are critical factors that will influence the company's future revenue potential. The patent might also lead to increased investor confidence, which could be reflected in the company's stock performance. Nevertheless, one must also consider the high costs associated with maintaining patents across multiple countries and the risk of patent litigation, which can impact financials.
From a long-term perspective, the patent strengthens the company's strategic position but does not guarantee market success. The ability to convert this IP advantage into commercial products that capture market demand will be the ultimate test of its financial impact.
The pharmaceutical industry is highly competitive and the ability to secure patents in multiple jurisdictions is a testament to a company's innovation and technical prowess. The patent secured by SciSparc covers a wide array of European countries, which collectively represent a significant portion of the global pharmaceutical market. This suggests that the company is positioning itself to capitalize on a market with a strong demand for novel treatments, especially in the realm of central nervous system disorders and rare diseases.
Understanding the market dynamics, such as the prevalence of the targeted conditions, the existing treatments and their limitations, is crucial. SciSparc's focus on enhancing the safety profile of cannabinoids could address some of the current treatment gaps and side-effect profiles of existing therapies. Should the company's therapies reach the market, the patent could provide a competitive edge by securing a unique position in the treatment landscape.
Additionally, the patent's coverage of combinations of cannabinoids and n-acylethanolamines may resonate well with the current trend towards personalized medicine, where treatments are tailored to individual patient needs. As such, this patent could potentially open up new avenues for targeted therapies and precision medicine applications in the future.
03/07/2024 - 07:49 AM
The Company's most recent patent further solidifies its position, complementing existing grants in the U.S., Japan, Australia and other key jurisdictions
TEL AVIV, Israel, March 07, 2024 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) ("Company" or "SciSparc"), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders and rare diseases of the central nervous system, announced today that the process of granting and validation for its core-technology patent has been completed in certain European countries. This patent covers combinations of cannabinoids and n-acylethanolamines (the “Patent”). The Patent aligns seamlessly with the Company's proprietary technology designed to enhance the safety of cannabinoids by using low dosages of active components while maintaining their therapeutic benefits.
The Patent was granted and validated in Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Poland, Spain, Sweden, Switzerland, Liechtenstein and the United Kingdom.
This grant adds to the patent portfolio of the Company, thereby supporting the innovation of SciSparc’s technologies.
The invention relates to compositions and methods for potentiating therapeutic effects and/or reducing the side-effects of selected cannabinoids initially discovered in the cannabis plant. The Patent approval was granted on account of the unique composition of cannabinoids and n-acylethanolamines and the methods for their use in preventing and treating a variety of cannabinoid-treated conditions.
About SciSparc Ltd. (Nasdaq: SPRC):
SciSparc Ltd. is a specialty clinical-stage pharmaceutical company led by an experienced team of senior executives and scientists. SciSparc’s focus is on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals. With this focus, the Company is currently engaged in the following drug development programs based on THC and/or non-psychoactive CBD: SCI-110 for the treatment of Tourette Syndrome, for the treatment of Alzheimer's disease and agitation; SCI-160 for the treatment of pain; and SCI-210 for the treatment of ASD and status epilepticus. The Company also owns a controlling interest in a subsidiary whose business focuses on the sale of hemp seeds oil-based products on the Amazon.com Marketplace.
Investor Contact:IR@scisparc.com
What is the core-technology patent announced by SciSparc Ltd. (SPRC)?
The core-technology patent covers combinations of cannabinoids and n-acylethanolamines, enhancing the safety of cannabinoids with low dosages of active components.
In which European countries was the Patent granted and validated for SciSparc Ltd. (SPRC)?
The Patent was granted and validated in Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Poland, Spain, Sweden, Switzerland, Liechtenstein, and the United Kingdom.
What does the Patent approval for SciSparc Ltd. (SPRC) relate to?
The Patent approval relates to compositions and methods for potentiating therapeutic effects and/or reducing side-effects of selected cannabinoids discovered in the cannabis plant.
How does the Patent benefit SciSparc Ltd. (SPRC)?
The Patent adds to the company's patent portfolio, supporting the innovation of SciSparc's technologies in the treatment of disorders and rare diseases of the central nervous system.
