Polyrizon Shares Rise After Publication of National Patent Application

Dow Jones2024-12-30

By Chris Wack

Shares of Polyrizon were up 34% to $2.19 after the company said the U.S. Patent and Trademark Office published a national phase patent application by the company.

Shares of the Israel-based company, which launched its initial public offering in October, traded as high as $4.80 on Dec. 18.

The biotechnology company said the patent application is for two core platform technologies: Capture and Contain, a nasal blocker technology, and Trap and Target, designed for advanced nasal drug delivery.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

December 30, 2024 10:34 ET (15:34 GMT)

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