Benzinga | Apr 28, 2021 08:27AM EDT

Timber Pharmaceuticals Receives Decision to Grant Japanese Patent for Lead Asset TMB-001

Timber Pharmaceuticals, Inc. ("Timber" or the "Company") (NYSE:TMBR), a biopharmaceutical company focused on the development and commercialization of treatments for rare and orphan dermatologic diseases, today announced that the Japanese Patent Office has decided to grant a patent (No. 2018-542677) for its lead asset, TMB-001, the Company's topical pharmaceutical composition of isotretinoin that is currently being evaluated for the treatment of moderate to severe subtypes of congenital ichthyosis (CI).

"We are focused on continuing to advance our clinical development program and have made great strides in protecting our proprietary lead candidate, now with additional patent protection in Japan following U.S. patent allowance," said John Koconis, Chairman and Chief Executive Officer of Timber. "Many dermatologists are familiar with oral isotretinoin. By formulating isotretinoin into a topical formulation, it may be possible to reduce systemic absorption, potentially allowing for chronic use over larger areas of the body."