Conduit Pharmaceuticals shares are trading higher after the company announced it received patent approval for its lead asset targeting autoimmune diseases.
Portfolio Pulse from Benzinga Newsdesk
Conduit Pharmaceuticals shares are trading higher after the company announced it received patent approval for its lead asset targeting autoimmune diseases.
July 16, 2024 | 11:50 am
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Conduit Pharmaceuticals received patent approval for its lead asset targeting autoimmune diseases, leading to a rise in its share price.
The patent approval is a significant milestone for Conduit Pharmaceuticals, as it strengthens the company's intellectual property portfolio and enhances the potential marketability of its lead asset. This positive development is likely to boost investor confidence and drive the stock price higher in the short term.
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