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U.S. Patent and Trademark Office Grants Reissue Patent on Picoplatin Composition of Matter
Date:3/18/2010

SOUTH SAN FRANCISCO, Calif., March 18 /PRNewswire-FirstCall/ -- Poniard Pharmaceuticals, Inc. (Nasdaq: PARD), a biopharmaceutical company focused on innovative oncology therapies, today announced that the U.S. Patent & Trademark Office (USPTO) has granted and will reissue the composition of matter patent for picoplatin as RE41209, replacing USPN 5,665,771 ('771 patent), on April 6, 2010. The reissue was applied for May 8, 2009, and, on March 17, 2010, the USPTO released the "Issue Notification" for the reissue application. The reissue patent includes additional claims specific to the picoplatin compound, its use in the treatment of any cancer, as well as to its pharmaceutical composition and oral dosage form.

"We view the reissue of the composition of matter patent for picoplatin as a highly successful outcome. Picoplatin's patent estate plays a key role in our ongoing evaluation of strategic opportunities, including potential partnerships," stated Ronald A. Martell, chief executive officer of Poniard Pharmaceuticals. "This patent reissue strengthens the intellectual property estate around picoplatin, enhancing its value proposition as a development candidate in a number of cancers, both in its oral and intravenous forms." 

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SOURCE Poniard Pharmaceuticals, Inc.
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