Benzinga | Mar 29, 2021 08:41AM EDT

NLS Pharmaceutics Announces Issuance Of Canadian Patent Covering Its Novel Formulation Of Controlled-Release Mazindol (Mazindol CR)

NLS Pharmaceutics Ltd. (NASDAQ:NLSP, NLSPW))))) ("NLS" or the "Company"), a Swiss clinical-stage pharmaceutical company focused on the discovery and development of innovative therapies for patients with rare and complex central nervous system disorders, announces that it has been awarded Canadian Patent No. 3016852, entitled A MAZINDOL IR/SR MULTILAYER TABLET AND ITS USE FOR THE TREATMENT OF ATTENTION DEFICIT/HYPERACTIVITY DISORDER (ADHD). The patent provides intellectual property protection for oral formulations containing immediate-release and sustained-release layers of mazindol for use in treating attention deficit disorders (ADD or ADHD), related alertness of vigilance or excessive daytime sleepiness (EDS), narcolepsy, or idiopathic hypersomnia.

"We are very pleased to have obtained the first patent covering our novel formulation of controlled-release mazindol as we advance the development of Quilience(r) to treat narcolepsy and other potential sleep-wake disorders," said Alex Zwyer, Chief Executive Officer of NLS. "Our application for a similar patent in Europe received notice of allowance in January, and our U.S. patent application is pending review. Most patients with narcolepsy remain unsatisfied with current treatment options, and we believe that Quilience has potential to fill a major need in the market given mazindol's long history of safety and evidence of effectiveness in treating the symptoms of narcolepsy. We remain focused on initiating our prospective Phase 2 clinical study for Quilience and bringing this treatment option to patients suffering from narcolepsy as soon as possible."