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Omeros Reports Allowance of Additional Patent for Arthroscopic Product
Date:5/24/2011

SEATTLE, May 24, 2011 /PRNewswire/ -- Omeros Corporation (NASDAQ: OMER) today reported the allowance by the US Patent and Trademark Office (USPTO) of an additional patent claiming the composition of OMS103HP, the Company's arthroscopic PharmacoSurgery™ product in Phase 3 clinical development.  The patent will have a term extending into January 2020.

"This patent extends coverage for OMS103HP and adds to our established intellectual property portfolio for our PharmacoSurgery platform," stated Gregory A. Demopulos, M.D., chairman and chief executive officer of Omeros.  "The clinically meaningful and statistically significant improvement in postoperative knee function seen in our Phase 2 meniscectomy trial played a role in the USPTO's decision.  The drug is now in a Phase 3 meniscectomy program and we expect data in the first half of 2012."

Omeros is preparing additional patent applications directed to OMS103HP that would further extend its patent protection until at least 2032.

Omeros' OMS103HP Program

OMS103HP is Omeros' PharmacoSurgery™ product candidate being developed for use during arthroscopic procedures, including partial meniscectomy surgery, and was designed to provide a multimodal approach to preemptively block the inflammatory cascade induced by arthroscopy. OMS103HP is a proprietary combination of anti-inflammatory/analgesic active pharmaceutical ingredients (APIs), each with well-known safety and pharmacologic profiles. Each of the APIs are components of generic, FDA-approved drugs that have been marketed in the United States as over-the-counter or prescription drug products for over 15 years and have established and well-characterized safety profiles.

In a Phase 2 clinical trial that evaluated OMS103HP in patients undergoing partial meniscectomy surgery, OMS103HP provided clinically meaningful and sig
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SOURCE Omeros Corporation
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