U.S. Patent Further Covers the Use of Self-Assembling Peptide Products to Prevent Movement of Bodily Fluids in Hemostasis, Sealant and Other Barrier Applications
FRAMINGHAM, MA -- (Marketwired) -- 04/11/16 -- Arch Therapeutics, Inc. (OTCQB: ARTH) ("Arch" or the "Company"), developer of the AC5 Surgical Hemostatic Device™ (AC5™) for use in controlling bleeding and fluid loss in order to provide faster and safer surgical and interventional care, announced today that a notice of allowance from the U.S. Patent Office has been received on a broad method of use patent assigned to the Massachusetts Institute of Technology (MIT) and Versitech Limited, and which is exclusively licensed worldwide to Arch. The broad method claims of the patent cover techniques for preventing the loss or unwanted movement of body fluids, through the application of Arch's present and future potential products in development. These potential products contain peptides that self-assemble into barrier structures on tissue that inhibit or prevent the passage of bodily fluids. Examples of procedures supported by this intellectual property include the use of hemostatic agents to stop bleeding and use of sealants to stop leaks.
Dr. Terrence W. Norchi, President and CEO of Arch Therapeutics, said, "This method of use patent provides additional support for our planned product offerings. Arch remains focused on obtaining patents that cover our inventions as part of our commitment to intellectual property development. We expect that AC5, our first product in development, and other products in our pipeline, will provide differentiated approaches to addressing a range of challenging medical needs."
Arch has filed its own patent applications and, in addition, has worldwide exclusive rights to certain patents and patent applications assigned jointly to MIT and Versitech Limited, the technology transfer company of the University of Hong Kong. The applications and rights cover self-assembling compositions and methods of making and using such compositions for medical applications, including stopping bleeding; preventing the movement of bodily fluids, contaminants, etc., within or on the human body; preventing adhesions; treatment of leaky or damaged tight junctions; and reinforcement of weak or damaged vessels, such as aneurysms, with patents covering this technology in the United States, Europe, Japan, Canada, Australia, Hong Kong and China. Additional patent applications are pending in multiple jurisdictions.
About Arch Therapeutics, Inc.
Arch Therapeutics, Inc. is a medical device company developing a novel approach to stop bleeding (hemostasis) and control leaking (sealant) during surgery and trauma care. Arch is developing products based on an innovative self-assembling peptide technology platform to make surgery and interventional care faster and safer for patients. Arch's flagship development stage product candidate, known as the AC5 Surgical Hemostatic Device™, is being designed to achieve hemostasis in surgical procedures.
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On Behalf of the Board,
Terrence W. Norchi, MD
Arch Therapeutics, Inc.
ARTH Investor Relations
Toll Free: +1-855-340-ARTH (2784) (US and Canada)
Chief Financial Officer
Arch Therapeutics, Inc.
Source: Arch Therapeutics, Inc.