Production & Manufacturing
Fine & Speciality Chemicals

Alitair to sell two ion-exchange resin patents

PBR Staff Writer Published 12 April 2013

US-based Alitair Pharmaceuticals has retained Finn, Warnke & Gayton to sell two Alitair patents and an associated royalty stream at a sealed bid sale on 24 May 2013.

The first patent, which was issued in 2012, covers the use of ion exchange resins in immediate-release and extended-release oral dosage forms.

Issued in 2013, the second patent covers the use of ion exchange resins in immediate-release and extended-release oral formulations of benzonatate, a non-narcotic prescription cough product.

The royalty stream includes milestone payments and has an estimated net present value of $7.5m.

Either of the patents or both along with the royalty stream will be sold at the sealed bid sale, according to Alitair.