21 May Australian Patent Office announces intention to grant Evolution Biotechnologies Patent No. 2016305553, “Acaricides”
Australian Patent Office announces intention to grant Evolution Biotechnologies Patent No. 2016305553, “Acaricides”
Bedford, UK, May 17th 2021
Evolution Biotechnologies (www.evolutionbiotech.com), the UK based company pioneering the use of biological control to benefit human health, today announced that it has been notified by the Australian Patent Office of their intention to grant Patent Application No. 2016305553, “Acaricides”, deriving from WO2017025732A1,
This will provide broad protection for both formulation and use of Evolution’s biological control technology for house dust mites in the control of asthma and other allergic diseases in Australia, which has a very high rate of asthma among its population.
As a result of this award, Evolution will now have exclusive control of the Australian market for this uniquely capable and environmentally friendly technology. The Australian market is projected to have potential for sales of more than US$100 million per annum, in addition to the US$1.4 billion projected for other markets where Evolution Biotechnologies already holds patents on the broad technology.
Dr. David Harper, Evolution’s CEO, said “this is another step forward for the company, providing exclusivity for this uniquely capable approach in a new market with very high levels of unmet need.”
About Evolution Biotechnologies
Evolution Biotechnologies (UK company 09473027) is working to extend the application of environmentally friendly biological control from its proven efficacy in agriculture into biomedical markets. The company’s initial target is the development of a novel, self- amplifying biological control for the house dust mite, an expanding multi-billion dollar market with high value and significant unmet need. Asthma is a worldwide, chronic disease and house dust mite allergens are key to both sensitization and the triggering of attacks. The number of asthma patients worldwide exceeds 330 million of whom approximately 20% require frequent hospitalization. 383,000 people every year die as a result of asthma. The costs of asthma exceed US$100 billion in the EU and US alone.
About biological control
Biological control is highly specific in nature and is environmentally friendly. The US Environmental Protection Agency (EPA) has stated that “Since biopesticides tend to pose fewer risks than conventional pesticides, EPA generally requires much less data to register a biopesticide”. Biological control methodologies have been extensively used in the agricultural and food safety sectors and provide a “green” alternative to existing chemical approaches, especially where there are concerns over toxicity or resistance. Despite the validated route through the regulatory process and onto the market, application in the domestic and medical settings has received only limited attention to date. Evolution’s work is leading this important expansion of this proven approach into high value markets with unmet clinical need.
This document contains certain forward-looking statements – i.e. statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on plans, estimates and projections at the time we make the statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.