Conduit Pharmaceuticals receives further patent approval for AZD1656

Conduit Pharmaceuticals (CDT) announced that the Japan Patent Office, JPO, has granted approval of a composition of matter patent application for the Company’s lead asset, AZD1656, a Glucokinase Activator targeting a wide range of autoimmune disorders. This approval follows the recent patent grant in Australia, highlighting Conduit’s continued progress in safeguarding its intellectual property portfolio for future out-licensing opportunities. “This approval represents another significant milestone in our efforts to maximize the value of our intellectual property portfolio,” said Dr. David Tapolczay, Chief Executive Officer of Conduit Pharmaceuticals. “The granting of this patent in Japan, one of the world’s largest pharmaceutical markets, underscores the strength of our scientific and intellectual property strategy. We look forward to securing additional approvals in other major markets, further enhancing our global patent coverage and bolstering our out-licensing opportunities.”