Impel Pharmaceuticals Shares Up 50% Premarket; Company Granted U.S. Patent Tuesday Respiratory Tract Delivery Of Levodopa And Dopa Decarboxylase Inhibitor For Treatment Of Parkinson's Disease
Portfolio Pulse from Charles Gross
Impel Pharmaceuticals has been granted a U.S. patent for the respiratory tract delivery of Levodopa and Dopa Decarboxylase Inhibitor for the treatment of Parkinson's disease. Following the news, the company's shares rose by 50% in premarket trading.
July 05, 2023 | 8:28 am
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Impel Pharmaceuticals' stock price surged by 50% in premarket trading after the company was granted a U.S. patent for a Parkinson's disease treatment.
The granting of a U.S. patent for a new treatment method for Parkinson's disease is a significant milestone for Impel Pharmaceuticals. This could potentially lead to increased revenues in the future as the company can now exclusively sell this treatment in the U.S. The news has already had a positive impact on the company's stock price, which surged by 50% in premarket trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100