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Dipexium Pharmaceuticals Announces Issuance of Locilex® Patent by European Union

NEW YORK, Sept. 7, 2016 /PRNewswire/ -- Dipexium Pharmaceuticals, Inc. (DPRX), a late-stage pharmaceutical company focused on the development and commercialization of Locilex® (pexiganan cream 0.8%), a novel, broad-spectrum, topical antimicrobial peptide, today announced that the European Patent Office has issued a new Locilex patent in the European Union (EU). The patent claims are directed to a novel formulation of Locilex, a topical antimicrobial peptide formulated as a topical cream, and the use of Locilex as a method of treating skin or wound infections. The issued patent has an expiry date in June 2033.

"This constitutes the first patent granted by the European Union, the second largest pharmaceuticals market in the world," stated David P. Luci, President & Chief Executive Officer of Dipexium, "this is an important building block for our commercialization strategy for Locilex in Europe." Mr. Luci continued, "Dipexium now has issued patents for Locilex in the US, EU, and Japan, the three largest pharmaceuticals markets in the world, as well as Australia and New Zealand. In addition, Dipexium has obtained notice of allowance for patents in Hong Kong and Korea. We anticipate the issuance of additional patents for Locilex in other major...