PaxMedica Announces First Patent Allowance for Suramin Intranasal Formulation in the treatment of Autism Spectrum Disorder and Other Conditions
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PaxMedica, Inc. has received its first patent allowance for a suramin intranasal formulation aimed at treating Autism Spectrum Disorder and other conditions. This patent is granted in China, marking a significant milestone for the company.
January 14, 2025 | 1:15 pm
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PaxMedica has been granted its first patent for a suramin intranasal formulation in China, which is a significant step in its development of treatments for Autism Spectrum Disorder and other neurological conditions.
The patent grant in China represents a significant advancement for PaxMedica, as it is the first jurisdiction to approve intellectual property protection for suramin. This could enhance the company's market position and investor confidence, potentially leading to a positive impact on its stock price.
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