{"id":397375,"date":"2020-12-10T09:03:13","date_gmt":"2020-12-10T14:03:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397375"},"modified":"2020-12-10T09:03:13","modified_gmt":"2020-12-10T14:03:13","slug":"qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/","title":{"rendered":"QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Palm Beach, FL, Dec.  10, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8rlgai_Winli1prsvs5hNESd5h0YblTIQlPAxyu_RDRF2qfmPYt36XRH6gId5fOZU7lPbeFcyEHbw5E4foBqTPl9GCOhCT3OZTEmt2SA2sc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>QSAM Biosciences Inc.<\/u><\/a> (OTCQB: QSAM), a company developing next generation nuclear medicines, including Cyclosam<sup>\u00ae<\/sup> Samarium-153-DOTMP, for the treatment of cancer and related diseases and conditions, announced today that the European Patent Office (EPO) has allowed the first patent covering \u201cDOTMP kit formulations for radioisotopes.\u201d This is the first patent outside the United States and is in addition to the two prior patents issued by the United States Patent &amp; Trademark Office (USPTO) covering \u201cHigh purity and low specific activity therapeutic bone agents.\u201d<\/p>\n<p align=\"justify\">The EPO patent allowance covers technology licensed exclusively by QSAM from IGL Pharma, Inc. that protects the radiopharmacy preparation of CycloSam. The DOTMP kits, which refer to the chelating agent that binds the radioisotopes to growing cells in the bone and is believed by management to reduce toxicity and increase efficacy of the drug candidate, are a crucial component of the Cyclosam radiopharmaceutical product.<\/p>\n<p align=\"justify\">\u201cWe are pleased that the EPO has recognized the novelty of our scientific discoveries and innovations by allowing our first patent outside the United States. This enhances our entire IP estate which currently covers 15 total patents across 3 distinct patent families all of which are in various stages of prosecution and issuance both in the United States and internationally,\u201d stated Douglas R. Baum, CEO of the Company. \u201cWe expect additional patents to be issued through our exclusive worldwide license agreement with IGL Pharma, as we add patent filings in the coming year.\u201d<\/p>\n<p>\n        <strong>About QSAM Biosciences: <\/strong>\n      <\/p>\n<p align=\"justify\">QSAM Bioscience, Inc. holds the worldwide license for CycloSam<sup>\u00ae<\/sup> (Samaium-153 DOTMP), a clinical stage novel radiopharmaceutical meant to treat different types of bone cancer and related diseases. QSAM\u2019s initial technology is Samarium-153 DOTMP, aka CycloSam<sup>\u00ae<\/sup>, a clinical-staged bone targeting radiopharmaceutical\u200b developed by IsoTherapeutics Group LLC, leaders in the nuclear medicine space who also developed FDA-approved and commercially available Quadramet<sup>\u00ae <\/sup>(Samarium-153 EDTMP), indicated for pain palliation. CycloSam was assigned to IsoTherapeutics Group\u2019s subsidiary, IGL Pharma, Inc.<\/p>\n<p align=\"justify\">CycloSam<sup>\u00ae<\/sup> has already demonstrated preliminary safety and efficacy in animal studies and a single patient FDA-cleared successful human trial performed earlier in 2020. This nuclear technology uses low specific activity Samarium-153 (resulting in far less europium) and DOTMP, a chelator which is believed to eliminate off-target migration and targets sites of high bone turn over making it an ideal agent to treat osteosarcoma or other bone metastases. Osteosarcoma is the most common malignant bone tumor among children and adolescents. Because of its ability to deliver radiation to the skeletal system, it is also believed to be an effective agent to perform bone marrow ablation as pre-conditioning for bone marrow transplantation. This drug candidate utilizes an FDA approved radioisotope combined with a novel chelant that has demonstrated increased efficacy and decreased side effects in animal models. Further, CycloSam<sup>\u00ae<\/sup> utilizes a streamlined, just-in-time manufacturing process. Given these factors, management believes there is a strong pathway to commercialization.<\/p>\n<p align=\"justify\">CycloSam<sup>\u00ae<\/sup> is cleared by the FDA under an investigator initiated IND to commence human dosing immediately in patients with osteosarcoma and bone metastasis. CycloSam<sup>\u00ae<\/sup> was also cleared by FDA and successfully used under a single-patient IND to perform bone marrow ablation prior to allogenic marrow transplantation (BMA\/T) in 2020.<\/p>\n<p align=\"justify\">\n        <strong>Legal Notice Regarding Forward-Looking Statements<\/strong>: This news release contains &#8220;Forward-looking Statements&#8221;. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to our ability to fully commercialize our technology, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new products and markets, the time and expense involved in such development activities, the ability to secure additional financing, the ability to consummate acquisitions and ultimately integrate them, the level of demand and market acceptance of our products, and changes in our business strategies. This is not an offering of securities and securities may not be offered or sold absent registration or an applicable exemption from the registration requirements<\/p>\n<p align=\"justify\">\n        <u>Contact <\/u><br \/>\n        <br \/>Christopher Nelson<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=817DHAsABJSqXTa7uZkgvLqRrZ9t_C7HRdPJ9qAdBpIqdXOCvPj58uHTF-JUsi-Eqpjf0lWwumj8WRipdg8_NA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Chris@qsambio.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTgyNyMzODY0ODgyIzUwMDAzMDEwNg==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/de896775-9ac5-4cf9-a2d0-19d97093980e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Palm Beach, FL, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; QSAM Biosciences Inc. (OTCQB: QSAM), a company developing next generation nuclear medicines, including Cyclosam\u00ae Samarium-153-DOTMP, for the treatment of cancer and related diseases and conditions, announced today that the European Patent Office (EPO) has allowed the first patent covering \u201cDOTMP kit formulations for radioisotopes.\u201d This is the first patent outside the United States and is in addition to the two prior patents issued by the United States Patent &amp; Trademark Office (USPTO) covering \u201cHigh purity and low specific activity therapeutic bone agents.\u201d The EPO patent allowance covers technology licensed exclusively by QSAM from IGL Pharma, Inc. that protects the radiopharmacy preparation of CycloSam. The DOTMP kits, which refer to the chelating &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397375","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Palm Beach, FL, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; QSAM Biosciences Inc. (OTCQB: QSAM), a company developing next generation nuclear medicines, including Cyclosam\u00ae Samarium-153-DOTMP, for the treatment of cancer and related diseases and conditions, announced today that the European Patent Office (EPO) has allowed the first patent covering \u201cDOTMP kit formulations for radioisotopes.\u201d This is the first patent outside the United States and is in addition to the two prior patents issued by the United States Patent &amp; Trademark Office (USPTO) covering \u201cHigh purity and low specific activity therapeutic bone agents.\u201d The EPO patent allowance covers technology licensed exclusively by QSAM from IGL Pharma, Inc. that protects the radiopharmacy preparation of CycloSam. The DOTMP kits, which refer to the chelating &hellip; Continue reading &quot;QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-10T14:03:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTgyNyMzODY0ODgyIzUwMDAzMDEwNg==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio\",\"datePublished\":\"2020-12-10T14:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\\\/\"},\"wordCount\":729,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTgyNyMzODY0ODgyIzUwMDAzMDEwNg==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\\\/\",\"name\":\"QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio - 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(OTCQB: QSAM), a company developing next generation nuclear medicines, including Cyclosam\u00ae Samarium-153-DOTMP, for the treatment of cancer and related diseases and conditions, announced today that the European Patent Office (EPO) has allowed the first patent covering \u201cDOTMP kit formulations for radioisotopes.\u201d This is the first patent outside the United States and is in addition to the two prior patents issued by the United States Patent &amp; Trademark Office (USPTO) covering \u201cHigh purity and low specific activity therapeutic bone agents.\u201d The EPO patent allowance covers technology licensed exclusively by QSAM from IGL Pharma, Inc. that protects the radiopharmacy preparation of CycloSam. The DOTMP kits, which refer to the chelating &hellip; Continue reading \"QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-10T14:03:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTgyNyMzODY0ODgyIzUwMDAzMDEwNg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio","datePublished":"2020-12-10T14:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/"},"wordCount":729,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTgyNyMzODY0ODgyIzUwMDAzMDEwNg==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/qsam-biosciences-receives-notice-of-allowance-for-european-patent-and-expands-licensed-ip-portfolio\/","name":"QSAM Biosciences Receives Notice of Allowance for European Patent and Expands Licensed IP Portfolio - 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