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ProQR Strengthens Leading Intellectual Property Estate for ADAR-mediated RNA Editing

Key Takeaway: ProQR Therapeutics has announced the issuance of a new patent from the USPTO, which expands protections related to its RNA editing technology using endogenous ADAR. In addition, the company successfully defended its patent rights against an opposition challenge in Japan. These developments solidify ProQR's leading position in intellectual property associated with its Axiomer RNA editing platform, which could provide a new class of medicines targeting various diseases. The company continues to innovate and expand its patent estate, emphasizing the importance of safeguarding its intellectual assets for long-term success.
Price reaction · baseline $1.21 (2023-11-03 close) · 2 other PRQR headline(s) in the window, move may be shared
day 0 close
+0.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • ProQR has strengthened its intellectual property estate with a new patent.
  • The company has successfully defended its existing patents in Japan.
  • ProQR's RNA editing technology shows promise for developing new class of medicines.

CONCERNS & RISKS

  • Patents have faced challenges from multiple parties in the past.
  • There are inherent risks associated with the development of novel RNA therapies.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+44%
120-day peak, hindsight
Typical move
6.8%
average across 3 past catalysts
Lead asset
QR-010
Phase 1 · Cystic Fibrosis

Full Press Release Details

LEIDEN, Netherlands & CAMBRIDGE, Mass., Nov. 06, 2023 (GLOBE NEWSWIRE) -- ProQR Therapeutics N.V. (Nasdaq: PRQR) (ProQR), a company dedicated to changing lives through transformative RNA therapies, today announced it has further strengthened its leading intellectual property (IP) estate with the issuance of a new patent in the United States and that it has successfully defended against an opposition to its IP in Japan.
“The new patent that the USPTO granted to ProQR further expands the protection of RNA editing using oligonucleotides to recruit endogenous ADAR. Our leading intellectual property portfolio protects our Axiomer® ADAR-mediated RNA editing platform technology and more fundamentally the use of an oligonucleotide to recruit endogenous deaminating enzymes in the cell,” said René Beukema, Chief Corporate Development Officer and General Counsel. “Our patents have been challenged by multiple parties on several occasions and have been upheld by the European Patent Office and now also by the Japan Patent Office. We believe safeguarding our intellectual assets is pivotal to our long-term success and intend to continue to defend against challenges through our leading IP position.”
The United States Patent and Trademark Office (USPTO) granted a new patent to ProQR, under US patent No. 11,781,134 that relates to a method for RNA editing. Key claims in this patent pertain to use of any type of oligonucleotide that is at least sufficiently complementary to a target sequence that can recruit an endogenous Adenosine Deaminase Acting on RNA (ADAR), which then can deaminate (or edit) a target adenosine into an inosine in the target sequence. The scope of the patent further underpins that the broad concept of applying endogenous ADAR by administering antisense oligonucleotides for RNA editing is proprietary to ProQR.
Separately, the Japanese Patent Office issued a final communication indicating that the main claim in one of ProQR’s leading IP estates related to single-stranded antisense RNA editing oligonucleotides comprising one or more mismatches with the target sequence was upheld regardless of a third-party opposition against the granted patent (JP 7074345).
ProQR invented the use of endogenous ADAR in RNA editing in 2014 and filed a first patent application in that same year. Since then, ProQR has filed multiple additional patent applications on further improvements to form a leading patent estate that makes RNA editing with oligonucleotides that recruit endogenous ADAR proprietary to ProQR. Today ProQR has extensive patent protection related to its RNA editing platform, Axiomer®, including more than 11 published patent families, that currently comprise a total of 29 patents. Beyond this, ProQR has several unpublished patent applications and continuously invests in expanding its IP estate around ADAR-mediated RNA editing.
ProQR is pioneering a next-generation RNA base editing technology called Axiomer®, which could potentially yield a new class of medicines for diverse types of diseases. Axiomer® “Editing Oligonucleotides”, or EONs, mediate single nucleotide changes to RNA in a highly specific and targeted way using molecular machinery that is present in human cells called ADAR (Adenosine Deaminase Acting on RNA). Axiomer® EONs are designed to recruit and direct endogenously expressed ADARs to change an Adenosine (A) to an Inosine (I) in the RNA – an Inosine is translated as a Guanosine (G) – correcting an RNA with a disease-causing mutation back to a normal (wild type) RNA, modulating protein expression, or altering a protein so that it will have a new function that helps prevent or treat disease.
ProQR Therapeutics is dedicated to changing lives through the creation of transformative RNA therapies. ProQR is pioneering a next-generation RNA technology called Axiomer®, which uses a cell’s own editing machinery called ADAR to make specific single nucleotide edits in RNA to reverse a mutation or modulate protein expression and could potentially yield a new class of medicines for both rare and prevalent diseases with unmet need. Based on our unique proprietary RNA repair platform technologies we are growing our pipeline with patients and loved ones in mind.
Learn more about ProQR at www.proqr.com.
Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to", "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. Such forward-looking statements include, but are not limited to, statements regarding our patent estate, including its anticipated strength and our continued investment in it, as well as the potential of our Axiomer RNA editing technology platform and product candidates. Forward-looking statements are based on management's beliefs and assumptions and on information available to management only as of the date of this press release. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including, without limitation, the risks, uncertainties and other factors in our filings made with the Securities and Exchange Commission, including certain sections of our annual report filed on Form 20-F. These risks and uncertainties include, among others, the cost, timing and results of preclinical studies and other development activities by us and our collaborative partners whose operations and activities may be slowed or halted shortage and pressure on supply and logistics on the global market; our reliance on contract manufacturers or suppliers to supply materials for research and development and the risk of supply interruption or delays from suppliers or contract manufacturers; the ability to secure, maintain and realize the intended benefits of collaborations with partners, including the collaboration with Lilly; the possible impairment of, inability to obtain, and costs to obtain intellectual property rights; possible safety or efficacy concerns that could emerge as new data are generated in research and development; and general business, operational, financial and accounting risks, and risks related to litigation and disputes with third parties. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements, and we assume no obligation to update these forward-looking statements, even if new information becomes available in the future, except as required by law.
For ProQR Therapeutics N.V.
ProQR Therapeutics N.V.

Frequently Asked Questions

What new patent was granted to ProQR in the U.S.?

ProQR received US patent No. 11,781,134 for RNA editing methods using oligonucleotides.

What does the new patent protect?

It protects the use of oligonucleotides to recruit endogenous ADAR for RNA editing.

What was the outcome of ProQR's IP defense in Japan?

The Japanese Patent Office upheld ProQR's patent despite third-party opposition.

What technology does ProQR's Axiomer® platform utilize?

Axiomer® uses endogenous ADAR to perform specific single nucleotide edits in RNA.

How many patents does ProQR currently hold?

ProQR has a total of 29 patents across more than 11 published patent families.

Last updated: Nov 6, 2023