U.S. Patent Addresses Controlling the Movement of Bodily Fluids With Meshes That Include Self-Assembling Peptides
FRAMINGHAM, MA -- (Marketwired) -- 05/10/16 -- 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, received a notice of allowance from the U.S. Patent Office for a broad composition of matter and method of use patent that covers solid forms of the Company's self-assembling technology.
The invention describes, among other things, a mesh that includes dehydrated or dried fibers of self-assembling peptides. The mesh may further incorporate additional therapeutic, prophylactic and/or diagnostic agents. The mesh can be used for controlling the movement of bodily substances including, for instance, blood, in order to provide hemostasis.
Many clinical scenarios can lead to undesirable loss of bodily fluids as a result of injury, disease or surgery. This invention would enable Arch to use a solid form of its self-assembling peptide technology to provide mechanical support and provide a barrier to bodily fluids.
Dr. Terrence W. Norchi, President and CEO of Arch Therapeutics, said, "We are fortunate to have received notices of allowance on several patent applications either owned or licensed by Arch. This patent is valuable because it allows us to address bleeding and other clinical challenges with a solid form product, such as a mesh that transforms into a gel once applied to a bleeding wound. We believe this may broaden our potential product offerings and provide additional options for our potential customers."
Arch has filed its own patent applications and, in addition, has licensed 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, and worldwide non-exclusive rights to another portfolio of patents assigned jointly to MIT and Versitech Limited. 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, Israel, 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.
Contact:
ARTH Investor Relations
Toll Free: +1-855-340-ARTH (2784) (US and Canada)
Email: investors@archtherapeutics.com
Website: www.archtherapeutics.com
or
Richard Davis
Chief Financial Officer
Arch Therapeutics, Inc.
Phone: 617-431-2308
Email: rdavis@archtherapeutics.com
Website: www.archtherapeutics.com
Source: Arch Therapeutics, Inc.