Lyka Labs Ltd. has made a significant stride by bagging an Indian patent for its revolutionary Pregabalin Gel 8%, a path-breaking drug formulation aimed to cure diabetic neuropathic pain. The patent, which is valid till 2043, demonstrates Lyka Labs' focus on pushing the boundaries of pharmaceutical innovation and topical drug delivery system technology. Shares of the company appreciated by 6.3% on the day of the announcement, as investors pinned their hopes on the company's future.
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Patent Information: The Pregabalin Gel 8% patent has a validity of up to 2043, ensuring long-term protection for Lyka Labs' intellectual property rights.
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Product Release: The gel was launched commercially in December 2024 by leading pharmaceutical companies under a P2P license agreement.
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Clinical Effectiveness: Clinical trials have established the efficacy, safety, and ease of use of the gel, with targeted relief and fewer systemic side effects than oral drugs.
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Market Impact: Lyka Labs' stock jumped 6.3% following the patent news, reflecting the market's positive reaction to the company's innovative success.
This breakthrough makes Lyka Labs a front-runner in offering innovative pharma solutions, especially for chronic diseases such as diabetic neuropathic pain.
Source: Business Upturn, Business Standard, Indian Pharma Post.