InMed Pharmaceuticals shares are trading higher after the company announced it was granted U.S. patent US 12083229 B2 16/611837 for 'Ocular drug delivery formulation'
Portfolio Pulse from Benzinga Newsdesk
InMed Pharmaceuticals shares rose following the announcement of a new U.S. patent for their ocular drug delivery formulation, potentially enhancing their product offerings and market position.
September 10, 2024 | 8:21 pm
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InMed Pharmaceuticals' stock price increased after the company received a U.S. patent for its ocular drug delivery formulation, which could strengthen its product portfolio and competitive edge.
The granting of a U.S. patent is a significant milestone for InMed Pharmaceuticals, as it can lead to enhanced product offerings and a stronger market position. This news has positively impacted the stock price, reflecting investor optimism about the company's future prospects.
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