Phio Pharmaceuticals Corp (PHIO)

[Inoviorulez]

This news is huge patent for wet age-related macular degeneration and diabetic retinopathy.

ARLBOROUGH, Mass., Feb. 3, 2015 /PRNewswire/ -- RXi Pharmaceuticals Corporation (RXII), a biotechnology company focused on discovering, developing and commercializing innovative therapies addressing major unmet medical needs using RNA-targeted technologies, today announced that it has been granted a patent by the United States Patent and Trademark Office (USPTO) for the delivery of double stranded siRNAs (21 to 23 nucleotides in length) across the blood-retina barrier (e.g. topical or systemic delivery) for the treatment of wet age-related macular degeneration or diabetic retinopathy. The patent, part of RXi's acquired OPKO estate, is scheduled to expire in 2023.

"This patent, in combination with our issued sd-rxRNA® patents, expands the scope of our intellectual property position in the area of Ophthalmology," said Dr. Geert Cauwenbergh, President and CEO of RXi Pharmaceuticals. He added that, "Not only does this further contribute to the potential commercial and business development opportunities in the future, it is another step towards achieving our long term goals for the acquired OPKO patent estate. Moreover, it further demonstrates our firm commitment to the development of our core technology platform as the key builder of our corporate value".

http://finance.yahoo.com/news/rxi-pharmaceuticals-strengthens-intellectual-property-120200596.html