Femasys shares are trading higher after the company announced that the United States Patent and Trademark Office issued a Notice of Allowance for FemBloc for permanent birth control.
Portfolio Pulse from Benzinga Newsdesk
Femasys announced that the United States Patent and Trademark Office issued a Notice of Allowance for FemBloc, a permanent birth control solution. This news has led to an increase in Femasys' stock price.
July 27, 2023 | 2:27 pm
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Femasys' stock price has increased following the announcement of a Notice of Allowance for FemBloc from the US Patent Office.
The Notice of Allowance from the US Patent Office for FemBloc, a permanent birth control solution, is a significant milestone for Femasys. This approval not only validates the company's product but also provides it with a competitive edge in the market. As a result, investors' confidence in the company has increased, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100