MyMD Pharmaceuticals Has Been Granted Canadian Patent Number 3013634 Titled "Methods Of Increasing Hair Growth And Improving Hair Appearance"
Portfolio Pulse from Benzinga Newsdesk
MyMD Pharmaceuticals has been granted Canadian Patent Number 3013634, which covers methods of increasing hair growth and improving hair appearance.
January 16, 2024 | 8:59 pm
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POSITIVE IMPACT
MyMD Pharmaceuticals has received a Canadian patent for hair growth and improvement methods, potentially strengthening its intellectual property portfolio and market position in hair treatment solutions.
The grant of a new patent typically has a positive impact on a pharmaceutical company as it protects their intellectual property, potentially leading to new products and market exclusivity. This can result in increased investor confidence and a positive short term impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80