Poolbeg Pharma shot up 55 per cent last week to 6.8p after it was granted US patents protecting two key assets.
The assets are POLB 001, a potential flu treatment, and POLB 002, a nasal spray for virus infections.
‘The additional US patent protection of POLB 001 and POLB 002 is an important step in the commercialisation of these novel infectious disease products,’ said Poolbeg chief executive, Jeremy Skillington.
Poolbeg Pharma plc (LON:POLB) is a clinical stage infectious disease pharmaceutical company, with a novel capital light clinical model which enables us to develop multiple products faster and more cost effectively than the traditional biotech model.