DOYLESTOWN, Pa., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Neuropathix, Inc. (OTCQB: NPTX), a socially responsible pain management life sciences company, announced today that it acquired neuroprotective and anticonvulsant small-molecule drug technology from Advanced Neural Dynamics, Inc., and Fox Chase Chemical Diversity Center, Inc., on December 18, 2020. Exemplification of this technology can be found in issued US Patent 8,609,849 entitled “Novel Hydroxylated Sulfamides Exhibiting Neuroprotective Action and Their Method of Use.” All relevant intellectual property rights have been acquired by Neuropathix for stock and cash purchase considerations. Neuropathix, Advanced Neural Dynamics and Fox Chase Chemical Diversity Center look forward to further characterizing and developing a novel class of anticonvulsant drugs designed to treated refractory epilepsy and neuropathic pain. All three companies are located within the Pennsylvania Biotechnology Center in Doylestown, PA.
"This is a pure-play life science acquisition on treatments for refractory epilepsy and neuroprotection,” stated Dean Petkanas, CEO of Neuropathix, Inc. “The acquired IP from Fox Chase and Advanced Neural Dynamics are compelling, SBIR NIH study grant validated neuroprotectant compounds. These acquisitions provide Neuropathix another exciting avenue for strong clinical pipelines. Additionally, having world-class life sciences professionals in Douglas Brenneman, Chief Scientific Officer from Advanced Neural Dynamics and Neuropathix Strategic Advisory Board member and Allen Reitz, CEO of Fox Chase, allied with our company further strengthens our path towards clinical validation and commercialization.”
About Neuropathix, Inc.
Neuropathix is a biopharmaceutical company focused on the research and development of a pipeline of next generation socially responsible pain management and neuroprotective therapeutics to treat patients with significant unmet medical needs. Over the past ten years, Neuropathix has discovered, developed and patented a global intellectual property estate, led by its lead clinical target, KLS-13019, as novel new therapeutic agents designed to prevent and reverse neuropathic pain, reduce oxidative stress, and act as anti-inflammatory neuroprotectants. The Company's family of patented monotherapeutic molecules focuses on treating oxidative stress-related diseases, chronic pain management and neurodegenerative disorders. The therapeutic targets include chemotherapy-induced peripheral neuropathy (CIPN), a chronic neuropathy caused by toxic chemotherapeutic agents; hepatic encephalopathy (HE), a neurotoxic brain-liver disorder caused by excessive concentrations of ammonia and ethanol in the brain; mild traumatic brain injury (mTBI), a disorder associated with single and repetitive impact injuries; and chronic traumatic encephalopathy (CTE) a disease associated with highly repetitive impact injuries in professional and amateur sports. Neuropathix conducts its research and development efforts at the Pennsylvania Biotechnology Center of Bucks County in Doylestown, PA.
For more information about Neuropathix, visit www.neuropathix.com
