Hoth Therapeutics, Inc. announced it has exercised its option to take an exclusive license for patents owned by the George Washington University (GW). Hoth used the option period to evaluate GW's unique Substance P receptor blocker (Aprepitant) that inhibited cutaneous and other neurogenic inflammation side effects that cancer patients suffer during treatment with anticancer drugs. The exercise of the option agreement allows for Hoth to negotiate an exclusive patent license agreement. The option agreement included pre-negotiated business terms for the exclusive patent license, so Hoth anticipates finalizing the license this month.