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ZSAN

Zosano Pharma

$0.79

-0.0498 (-5.93%)

17:04
09/26/17
09/26
17:04
09/26/17
17:04

Zosano Pharma provides patent application update

Zosano Pharma received official written notification of an Office action from the U.S. Patent and Trademark Office regarding its patent application 15/438,455 "Method of rapidly achieving therapeutic concentrations of triptans for treatment of migraines." As previously reported, this patent application was published by the USPTO on August 24, 2017. The notification of Office action by the USPTO was reported on the USPTO's public website. There is a clear and defined process in place that allows Zosano to continue its ongoing dialog with the USPTO to provide arguments and evidence to support its application and, if necessary, to refine the Company's claims. The Company intends to actively address the comments made by the USPTO and work with the USPTO to achieve consensus on a form that would support patent issuance. The Company is in ongoing discussions with the USPTO regarding this application and the ultimate outcome of these ongoing discussions remains uncertain. The Company may not be able to address the questions raised by the USPTO and the application may not result in the issuance of a patent in its current form or a revised version thereof. "We want to reiterate to our shareholders that M207 is currently protected through 2027 by our existing issued patent 9421351 that covers our microneedle technology," said Georgia Erbez, Chief Business Officer and CFO. "If issued, patent application 15/438,455 would extend patent coverage through 2037. We respect the USPTO's patent prosecution process and do not intend to provide further comments or updates until the prosecution process has been completed."

ZSAN Zosano Pharma
$0.79

-0.0498 (-5.93%)

03/24/17
PIPR
03/24/17
INITIATION
Target $4
PIPR
Overweight
Zosano Pharma initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Charles Duncan started Zosano Pharma with an Overweight rating and $4 price target. The analyst sees the company's lead candidate M207, a zolmitriptan patch for acute migraine, as differentiated on speed of efficacy and convenient formulation.
03/24/17
03/24/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Express (AXP) initiated with a Neutral at Tigress Financial. 2. Zosano Pharma (ZSAN) initiated with an Overweight at Piper Jaffray. 3. SkyWest (SKYW) initiated with an In-Line at Imperial Capital. 4. Statoil (STO) initiated with an Underperform at Macquarie. 5. Cogent (CCOI) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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