RECCE® Trademark Registered – Vietnam
SYDNEY Australia, 6 September 2023: Recce Pharmaceuticals Ltd (ASX:RCE, FSE:R9Q) (the Company), the Company developing a new class of Synthetic Anti-infectives, is pleased to announce it has been issued Trade Mark Registration for RECCE® from the Intellectual Property Office of Vietnam.
The International Trademark Registration No. 1289603, has been formally assigned to the International Bureau (World Intellectual Property Organization) by the Office of Vietnam, for the use of the RECCE® mark, classified under the following class(es) and specification(s):
Class 5
- Antibiotics
- Antibiotics for human use
- Pharmaceutical preparations, namely mixed antibiotic preparations
In 2020, Vietnam’s pharmaceutical market was valued at approximately USD $10 billion, doubling in value since 2015; with the projected value reaching USD $16.1 billion in 2026[i]. Antibiotic-resistance in Vietnam is amongst the highest in the world[ii]. The use of last resort antibiotics such as carbapenems or colistin are being used frequently in intensive care units of large hospitals in Vietnam, which drives bacterial pathogens to develop resistance, eventually rendering them immune to common treatments.[iii]
With newly submitted patents pending in Vietnam, this trademark serves to strengthens the Company’s intellectual property portfolio and builds upon trademarks also already registered in the largest pharmaceutical markets in the world such as the United States, Israel, China, Australia, Japan, Hong Kong and Europe.
Chief Executive Officer James Graham said, “We are thrilled to receive this newly awarded trademark in Vietnam, further strengthening Recce’s intellectual property portfolio in the Asia-Pacific region. This trademark is a welcomed advance and will support our ongoing fight against the global health threat of antibiotic-resistant superbugs”.
This announcement has been approved for release by Recce Pharmaceuticals Board.
About Recce Pharmaceuticals Ltd
Recce Pharmaceuticals Ltd (ASX: RCE, FSE: R9Q) is developing a new class of Synthetic Anti-Infectives designed to address the urgent global health problems of antibiotic-resistant superbugs and emerging viral pathogens.
Recce’s anti-infective pipeline includes three patented, broad-spectrum, synthetic polymer anti-infectives: RECCE® 327 as an intravenous and topical therapy that is being developed for the treatment of serious and potentially life-threatening infections due to Gram-positive and Gram-negative bacteria including their superbug forms; RECCE® 435 as an orally administered therapy for bacterial infections; and RECCE® 529 for viral infections. Through their multi-layered mechanisms of action, Recce’s anti-infectives have the potential to overcome the hypercellular mutation of bacteria and viruses – the challenge of all existing antibiotics to date.
The FDA has awarded RECCE® 327 Qualified Infectious Disease Product designation under the Generating Antibiotic Initiatives Now (GAIN) Act – labelling it for Fast Track Designation, plus 10 years of market exclusivity post approval. Further to this designation, RECCE® 327 has been included on The Pew Charitable Trusts Global New Antibiotics in Development Pipeline as the world’s only synthetic polymer and sepsis drug candidate in development. RECCE® 327 is not yet market approved for use in humans with further clinical testing required to fully evaluate safety and efficacy.
Recce wholly owns its automated manufacturing, which is supporting present clinical trials. Recce’s anti-infective pipeline seeks to exploit the unique capabilities of its technologies targeting synergistic, unmet medical needs.
