NewAmsterdam Pharma Announces Issuance of Composition of Matter Patent for Obicetrapib by the United States Patent and Trademark Office
11 Juni 2024 - 2:00PM
NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS or “NewAmsterdam” or
the “Company”), a late-stage, clinical biopharmaceutical company
developing oral, non-statin medicines for patients at risk of
cardiovascular disease (“CVD”) with elevated low-density
lipoprotein cholesterol (“LDL-C”), for whom existing therapies are
not sufficiently effective or well-tolerated, today announced that
the United States Patent and Trademark Office (“USPTO”) has issued
U.S. Patent No. 12,006,305, titled “Salts of Obicetrapib and
Processes for their Manufacture and Intermediates Thereof.”
The newly issued patent contains claims covering amorphous
obicetrapib hemicalcium, the solid form that will be used in the
Company’s products and will be listed in the FDA’s “Orange Book” as
a drug substance patent, if any such products are approved. The
issuance of this composition of matter patent provides intellectual
property (“IP”) protection for obicetrapib until July 2043. The
USPTO has now issued or allowed a total of nine patents covering
obicetrapib and its uses.
“We are excited to announce that obicetrapib has been granted
our third-generation composition of matter patent by the USPTO,
which extends obicetrapib’s IP protection and exclusivity until
July 2043, more than 9 years beyond our previous second-generation
patent expiration in 2034,” said Michael Davidson, M.D., Chief
Executive Officer of NewAmsterdam. “There continues to be a need
for a safe, efficacious, oral, and potent LDL-lowering therapy.
Securing robust patent protection for obicetrapib enables us both
to continue the execution of multiple ongoing pivotal Phase 3
trials, as well as reap the potential benefits of obicetrapib’s
scientific innovation years beyond potential FDA approval.”
About Obicetrapib
Obicetrapib is a novel, oral, low-dose CETP inhibitor that
NewAmsterdam is developing to overcome the limitations of current
LDL-lowering treatments. In each of the Company’s Phase 2 trials,
ROSE2, TULIP, ROSE, and OCEAN, evaluating obicetrapib as
monotherapy or combination therapy, the Company observed
statistically significant LDL-lowering combined with a side effect
profile similar to that of placebo. The Company is conducting two
Phase 3 pivotal trials, BROADWAY and BROOKLYN, to evaluate
obicetrapib as a monotherapy used as an adjunct to maximally
tolerated lipid-lowering therapies to provide additional
LDL-lowering for CVD patients and TANDEM, to evaluate obicetrapib
and ezetimibe as a fixed-dose combination. The Company began
enrolling patients in BROADWAY in January 2022, in BROOKLYN in July
2022, and in TANDEM in March 2024; completing enrollment of
BROOKLYN in April 2023 and BROADWAY in July 2023. The Company also
commenced the Phase 3 PREVAIL cardiovascular outcomes trial in
March 2022, which is designed to assess the potential of
obicetrapib to reduce occurrences of major adverse cardiovascular
events, including cardiovascular death, non-fatal myocardial
infarction, non-fatal stroke and non-elective coronary
revascularization. NewAmsterdam completed enrollment of PREVAIL in
April 2024 and randomized over 9,500 patients.
About NewAmsterdam
NewAmsterdam Pharma (Nasdaq: NAMS) is a late-stage
biopharmaceutical company whose mission is to improve patient care
in populations with metabolic diseases where currently approved
therapies have not been adequate or well tolerated. We seek to fill
a significant unmet need for a safe, well-tolerated and convenient
LDL-lowering therapy. In multiple phase 3 studies, NewAmsterdam is
investigating obicetrapib, an oral, low-dose and once-daily CETP
inhibitor, alone or as a fixed-dose combination with ezetimibe, as
LDL-C lowering therapies to be used as an adjunct to statin therapy
for patients at risk of CVD with elevated LDL-C, for whom existing
therapies are not sufficiently effective or well tolerated.
Forward-Looking Statements
Certain statements included in this document that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding the Company’s intellectual property and its
ability to enforce, and sufficiency of, its patents, business and
strategic plans, the Company’s commercial opportunity, the
therapeutic and curative potential of the Company’s product
candidate, the Company’s clinical trials and the timing for
enrolling patients, the timing and forums for announcing data, the
achievement and timing of regulatory approvals, and plans for
commercialization. These statements are based on various
assumptions, whether or not identified in this document, and on the
current expectations of the Company’s management and are not
predictions of actual performance. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as and must not be relied on as a guarantee, an assurance, a
prediction, or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and may differ from assumptions. Many actual events and
circumstances are beyond the control of the Company. These
forward-looking statements are subject to a number of risks and
uncertainties, including changes in domestic and foreign business,
market, financial, political, and legal conditions; risks related
to the approval of the Company’s product candidate and the timing
of expected regulatory and business milestones, including potential
commercialization; ability to negotiate definitive contractual
arrangements with potential customers; the impact of competitive
product candidates; ability to obtain sufficient supply of
materials; global economic and political conditions, including the
Russia-Ukraine and Israel-Hamas conflict; the effects of
competition on the Company’s future business; and those factors
described in the Company’s public filings with the Securities
Exchange Commission. Additional risks related to the Company’s
business include, but are not limited to: uncertainty regarding
outcomes of the Company’s ongoing clinical trials, particularly as
they relate to regulatory review and potential approval for its
product candidate; risks associated with the Company’s efforts to
commercialize a product candidate; the Company’s ability to
negotiate and enter into definitive agreements on favorable terms,
if at all; the impact of competing product candidates on the
Company’s business; intellectual property related claims; the
Company’s ability to attract and retain qualified personnel;
ability to continue to source the raw materials for its product
candidate. If any of these risks materialize or the Company’s
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that the Company does not presently know or
that the Company currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company’s expectations, plans, or forecasts of future
events and views as of the date of this document and are qualified
in their entirety by reference to the cautionary statements herein.
The Company anticipates that subsequent events and developments may
cause the Company’s assessments to change. These forward-looking
statements should not be relied upon as representing the Company’s
assessment as of any date subsequent to the date of this
communication. Accordingly, undue reliance should not be placed
upon the forward-looking statements. Neither the Company nor any of
its affiliates undertakes any obligation to update these
forward-looking statements, except as may be required by law.
Company ContactMatthew PhilippeP:
1-917-882-7512matthew.philippe@newamsterdampharma.com
Media ContactSpectrum Science on behalf of
NewAmsterdamBryan BlatsteinP:
1-917-714-2609bblatstein@spectrumscience.com
Investor ContactPrecision AQ on behalf of
NewAmsterdamAustin MurtaghP:
1-212-698-8696Austin.Murtagh@precisionaq.com
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