iBio Receives Patent Allowance in China for Fusion Protein Compositions, Technology

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iBio, Inc. (NYSE MKT: IBIO), a leader in plant-based biotechnology for developing and manufacturing biological products, reported the allowance of a Chinese patent on its lichenase fusion protein technology for therapeutic proteins and vaccines. "The invention covered by this patent enables increased efficiency in the expression of a range of commercially important proteins," said Dr. Wayne Fitzmaurice, iBio's vice-president of intellectual property. "The allowed claims cover both composition of matter and uses of the technology for both therapeutic products and vaccines." Robert Erwin, iBio's president, commented: "China is another important market for our technology and products. Like Brazil, China is a fast growing healthcare market which has no substantial history or prior commitment to older biotechnologies that would compete with our iBioLaunch™ and iBioModulator™ solutions." The company recently launched a new subsidiary, iBio Brazil, to facilitate entry of biosimilar therapeutics in Brazil. iBio has been collaborating with Oswaldo Cruz Foundation (Fiocruz) and Fraunhofer Center for Molecular Biotechnology since 2011 in Brazil to develop a recombinant yellow fever vaccine based upon iBio technology. iBio's success in Brazil is expected to serve as a template for other iBio projects worldwide. The allowed patent application, "Recombinant Carrier Molecule for Expression, Delivery and Purification of Target Polypeptides," is based on an invention developed by scientists at the company's research and technology collaborator, the Fraunhofer USA Center for Molecular Biotechnology. The invention is owned by iBio. When this patent issues, it will add to the company's fusion protein and iBioModulator patents in the U.S., Australia, Canada, India and Europe (Germany, France, Italy, Ireland, Spain, and Great Britain).
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