Five Prime Therapeutics, Inc. Announces Issuance of Key Patents in the U.S. and Europe Covering Its Lead Oncology Drug

SAN FRANCISCO, Sept. 21, 2010 (GLOBE NEWSWIRE) -- Five Prime Therapeutics, Inc. today announced it has been issued two patents, U.S. Patent No. 7,678,890 and European Patent No.1910542B1, with claims covering various engineered Fibroblast Growth Factor Receptor ("FGFR") fusion proteins, including composition of matter claims for its lead oncology product, FP-1039. FivePrime engineered FGFR extracellular domains fused to a portion of an antibody and has developed one of those molecules, FP-1039, into a cancer drug currently in clinical trials. The patents protect FP-1039 in the United States and Europe, the two largest pharmaceutical markets, until at least 2026, with the possibility of up to five additional years of patent term if extended. The claims in the European patent are directed not only to these engineered proteins, but also to pharmaceutical preparations of such proteins, combinations of those proteins with other anti-cancer medications, nucleic acid molecules encoding such proteins, and cells producing the proteins.

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