Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.Rich Pharmaceuticals, Rich, a cancer therapeutics development company announced that it has entered into an agreement with Richard L. Chang Holdings, based in New Jersey for ownership to its investigational cancer patent assignment using Phorbol Esters in the treatment of Hodgkin's Lymphoma.
Subscribe to our email newsletter
Hodgkin lymphoma is a cancer of the immune system that is marked by the presence of a type of cell called the Reed-Sternberg cell.
The two major types of Hodgkin Lymphoma are classical Hodgkin lymphoma and nodular lymphocyte-predominant Hodgkin lymphoma. Currently, this disease affects over 100,000 patients annually.
In 2014, it is estimated that there will be 9,190 new cases of Hodgkin lymphoma and an estimated 1,180 people will die of this disease.
"We anticipate this acquisition will contribute meaningfully to our overall corporate strategy in becoming a diversified pharmaceutical company focused in oncology," stated Ben Chang, Chairman and CEO of Rich Pharmaceuticals, Inc.
"Obtaining ownership of this new patent is the latest effort in our active pursuit of additional long term synergistic growth opportunities for our organization. We are excited to expand our pipeline being developed in oncology and look forward to developing RP-323 for the treatment of Hodgkin lymphoma and Acute Myelocytic Leukemia."
Under terms of the agreement, Rich Pharmaceuticals, Inc. will obtain complete ownership and all interest in the indication, patents and intellectual property related to treatment of Hodgkin’s Lymphoma, utility patent application number 61998397, entitled COMPOSITIONS AND METHODS OF USE OF PHORBOL ESTERS FOR THE TREATMENT OF HODGKIN’S LYMPHOMA. Additional financial terms of the deal were not disclosed.