financetom
Business
financetom
/
Business
/
Why Azitra Stock Is Moving Higher On Tuesday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Azitra Stock Is Moving Higher On Tuesday
Jul 23, 2024 10:21 AM

Azitra, Inc. ( AZTR ) shares are trading higher after the company announced that the U.S. Patent and Trademark Office granted its patent application regarding the treatment of atopic dermatitis.

The Details: The patent, U.S. Patent No. 12,036,248, protects a filaggrin-secreting strain of Staphylococcus epidermidis for the treatment of atopic dermatitis.

The goal is to address diseases associated with a filaggrin deficiency, like atopic dermatitis, by delivering filaggrin directly to the skin.

“The indication addressed by the newly issued U.S. patent, atopic dermatitis, affects approximately 16.5 million people in the United States,” said Aztira’s COO Travis Whitfill.

Azitra ( AZTR ) also holds a U.S. patent which protects the use of the same strain for treating inflammatory skin disease. The company has sought similar patents in China and Canada.

How To Buy Azitra Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Anitra 's case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

See Also: Cannabis Stocks React To Biden Announcement: Monday’s Closing Market Moves

AZTR Price Action: At the time of writing, Azitra ( AZTR ) shares are trading 389% higher at $7.93 per data from Benzinga Pro.

Image: Akava Photo from Pixabay

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
New York Community Bancorp Closes $1.05 Billion Equity Investment, Reshuffles Board, Announces Reverse Stock Split
New York Community Bancorp Closes $1.05 Billion Equity Investment, Reshuffles Board, Announces Reverse Stock Split
Mar 12, 2024
07:22 AM EDT, 03/12/2024 (MT Newswires) -- New York Community Bancorp ( NYCB/PU ) said Monday it has closed its deal for a $1.05 billion capital infusion from investors including Liberty Strategic Capital, Hudson Bay Capital Management and Reverence Capital Partners. The company said its board has been reduced to 10 members and four new directors have been added, including...
Talisker Resources Reports Definitive Ore Purchase Agreement With New Gold
Talisker Resources Reports Definitive Ore Purchase Agreement With New Gold
Mar 12, 2024
07:26 AM EDT, 03/12/2024 (MT Newswires) -- Talisker Resources Ltd. ( TSKFF ) said Tuesday that the company, through its subsidiary Bralorne Gold Mines Ltd., has signed a definitive ore purchase agreement with New Gold Inc. ( NGD ) Under the agreement, New Gold ( NGD ) will buy up to 350,000 tons of material mined at Bralorne and process...
Musk to visit German gigafactory on Wednesday, Table Media reports
Musk to visit German gigafactory on Wednesday, Table Media reports
Mar 12, 2024
BERLIN, March 12 (Reuters) - Elon Musk will visit Tesla's gigafactory in Germany on Wednesday morning after an arson attack on a nearby power pylon last week left it without electricity and halted production, Table Media reported on Tuesday. Power has been restored to the factory near Berlin. (Writing by Madeline Chambers, Editing by Rachel More) ...
NioCorp Developments Delivers Advance Notice Under the Standby Equity Purchase Agreement
NioCorp Developments Delivers Advance Notice Under the Standby Equity Purchase Agreement
Mar 12, 2024
07:23 AM EDT, 03/12/2024 (MT Newswires) -- NioCorp Developments Ltd. ( NB ) said that it has delivered a written notice pursuant to the previously announced Standby Equity Purchase Agreement, dated January 26, 2023, requesting the purchase of 85,000 share of the company's common shares, without par value. The company has elected an Option 2 Pricing Period (as defined in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved