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11 February 2021
N4 Pharma plc
("N4 Pharma" or the "Company")
Notification of Intention to Grant Patent
N4 Pharma Plc (AIM: N4P), the specialist pharmaceutical company developing Nuvec®, a novel delivery system for cancer treatments and vaccines, is pleased to announce that the University of Queensland ("UQ") has been notified by the European Patent Office ("EPO") of its intention to grant a European Patent in relation to Nuvec® specifically in respect of its composition, particulate materials and methods for making the particulate materials (the "Patent"). N4 Pharma has the exclusive worldwide rights to Nuvec® for therapeutic uses in humans and animals.
Having received the notification the next steps prior to formal grant will require UQ to confirm the particulars and translations with the EPO prior to publication of the grant after which the Patent will be validated on a country by country basis throughout Europe as determined by UQ and the Company. This process, resulting in the full grant of the Patent in each chosen territory, should take six to eight months.
Nigel Theobald, Chief Executive Officer of the Company, commented:
"The receipt of the intention to grant the primary Patent in respect of Nuvec® for Europe is a key milestone for the Company and should see other key jurisdictions where patents remain pending for Nuvec® follow suit.
"The timing is especially relevant as we undertake our most comprehensive in vivo studies to date starting with Nuvec® loaded with the Coronavirus plasmid currently underway and the shortly to commence study incorporating our various learnings from the optimisation work over the last eighteen months.
"It is also particularly important as discussions with potential collaborators continue. We look forward to providing a full update on all our work streams, including our oral and oncology work, when we publish our full year results for the year ended 31 December 2020 which is expected to be towards the end of February / early March."
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Enquiries:
N4 Pharma plc
Nigel Theobald, CEO
Via IFC Advisory
Luke Cairns, Executive Director
Have to say it sounded desperate.
Yes, Travel will get back to some level of normality but TUI is well aware of the real situation.
Customers just keep moving their bookings and 2022 is getting busy.
Lots of great news to come but to be honest only an interview online so far.
The CEO does need to pull his finger out as an RNS about a placement in November does not cut it.
Yes, things take time but don't dangle the carrot and leave us hanging.
Yes but the big revenue and onboard income comes from the larger ships. The likes of Seabourn makes up a very tiny percentage of Carnivals income. Just sit back and wait until 2022. The world is in chaos at the moment. I have cruised close to 100 times with my job and I miss it so much but were a long way away from resumption.
I think if we hold above £3.00 it will be great. Travel stocks all over the place.
It's like every day a new idea on isolation etc. The bottom line is the government blew this at Xmas.
A lot of selfish people around the UK.
When you look at the results in finer detail you realise how much debt companies like TUI and Carnival have and the rates they pay. They will have to take some serious decisions but will come out a lot stronger. They also need to work with the travel trade more closer.
The results were as expected. At least they have trimmed the fleet and basically got rid of some of the older ships.
They will have to raise cash as it will have to be at an attractive price.
Carnival is fully aware that cruising won't start for some time. I can see us testing £10.00 again as ist going to be a rocky six months. But at that price, it's a great investment.
Until everyone is vaccinated it is very difficult to even look at cruising.
Saga will be very lucky to resume from the UK later in the year and I can see them having cruises with no ports of call.
Nobody had any idea this nightmare would go on for so long. So very sad.
The UK should have closed its borders and stopped the ridiculous Xmas get together. Yes, it's old news but it gets me so angry.