Lightwave Logic, Inc. (LWLG) experienced a significant pre-market surge of 5.02% on Thursday, continuing positive momentum from the previous trading session.
The movement follows the company's strategic announcement that it has engaged Michael Best & Friedrich as outside counsel to support its intellectual property strategy. Investors view this move as a proactive step to strengthen and protect the company's IP assets, which is crucial for technology firms in competitive markets.
The engagement of specialized IP counsel is seen as potentially enhancing Lightwave Logic's competitive position and creating value from its intellectual property portfolio, driving positive investor sentiment in the pre-market session.
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