Lixte Biotechnology shares are trading higher after the company received a USPTO notice of allowance for a patent combing LB-100 with cancer immunotherapies.
Portfolio Pulse from Benzinga Newsdesk
Lixte Biotechnology's shares rose following a USPTO notice of allowance for a patent combining LB-100 with cancer immunotherapies.
September 04, 2024 | 12:51 pm
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Lixte Biotechnology's stock is trading higher due to a USPTO notice of allowance for a patent that combines LB-100 with cancer immunotherapies, indicating potential advancements in their product offerings.
The USPTO notice of allowance is a significant milestone for Lixte Biotechnology, suggesting potential future revenue from new cancer treatment combinations. This news likely boosts investor confidence, leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100