DMK Pharmaceuticals shares are trading higher after the company was granted a Canadian patent titled 'An Opioid For Use To Reduce And/Or Treat Drug Addiction.'
Portfolio Pulse from Benzinga Newsdesk
DMK Pharmaceuticals has been granted a Canadian patent titled 'An Opioid For Use To Reduce And/Or Treat Drug Addiction.' This has led to an increase in the company's share prices.

September 26, 2023 | 5:25 pm
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DMK Pharmaceuticals' shares are trading higher after the company was granted a patent for an opioid to reduce or treat drug addiction.
The grant of a patent for a potentially significant drug can have a positive impact on a pharmaceutical company's stock. This is because it provides the company with exclusive rights to manufacture and sell the drug, potentially leading to increased revenues. In this case, the patent is for an opioid to reduce or treat drug addiction, a significant global health issue, which could lead to high demand for the drug.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100