Alterity Therapeutics: Receives U.S. patent for neurodegenerative diseases

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.
  • Alterity Therapeutics (ATH) has received a U.S. patent to trial treatments for neurodegenerative diseases, such as Alzheimer’s and Parkinson diseases
  • The patent covers more than 150 types of treatments, which aim to readjust high iron levels in the brain related to neurodegenerative conditions
  • The new patent will give the company 20 years of exclusivity and will support the expansion of Alterity’s drug development profile
  • Currently, Alterity’s lead product, ATH434, is currently in clinical development and is showing positive signs
  • Additionally, the company is looking at patent protection in other jurisdictions
  • On the market today, Alterity is up 26.9 per cent and is trading for 3.3 cents per share
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