Why Bullfrog AI Shares Are Soaring Tuesday
Portfolio Pulse from Adam Eckert
Bullfrog AI Holdings Inc (NASDAQ:BFRG) shares surged after the company announced the issuance of a patent for novel prodrugs of mebendazole for cancer treatment. The patent, granted by the US Patent and Trademark Office, strengthens the company's intellectual property protection. Bullfrog AI licensed the intellectual property from Johns Hopkins University in October 2022, which allowed the company to commercialize prodrugs of mebendazole.
July 25, 2023 | 2:49 pm
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Bullfrog AI's stock price surged after the announcement of a patent for novel prodrugs of mebendazole for cancer treatment. This strengthens the company's intellectual property protection and could potentially increase its revenues.
The announcement of the patent strengthens Bullfrog AI's intellectual property protection, which is a positive development for the company. This could potentially lead to increased revenues from the commercialization of the prodrugs, thus positively impacting the stock price.
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