NEW YORK, June 3, 2010 (GLOBE NEWSWIRE) -- Intellect Neurosciences, Inc. (OTCBB:ILNS) announced today that it has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for a new patent related to the Company's humanized monoclonal antibody, IN-N01, being developed as a disease-modifying treatment for Alzheimer's disease and other related indications. The antibody's intended use is to promote clearance of the amyloid beta toxin from the brain, which leads to Alzheimer's disease. A Notice of Allowance is a written communication from the USPTO stating that the application has been allowed and will be granted as a U.S. patent after payment of the Government issue fee. The patent application that was allowed claims two different monoclonal antibodies, originally designated as 82E1 and 1A10, each of which binds a different end of the amyloid beta protein and not the amyloid precursor protein from which amyloid beta is metabolically generated. This key safety feature is consistent with the ANTISENILIN® monoclonal antibody platform invented by Dr. Daniel Chain, the Company's Chairman and CEO.
