Skip to content
Home / News |

Sareum Share Price Surged 16% Today, Here’s Why

Sareum logo
Simon Mugo

Shares of Sareum Holdings Plc (LON: SAR) today surged 16% after the biotech company announced that it was close to winning US patent protection for its cancer immunotherapy programme.

The company expects the US Patent and Trademark Office to issue the patent within the next three months after issuing a notice of allowance offering protection for the SDC-1802 molecule, a pre-clinical cancer immunotherapy drug candidate.

Dr John Reader, Sareum’s chief scientific officer, said: “The granting of this patent in the US will complete the protection of the intellectual property for our proprietary SDC-1802 programme across all major markets.”

X testing X
WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
5.0
Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Adding:

“The board believes that the patent will enhance the value of its TYK2/JAK1 inhibitor programmes and the company’s negotiating position as it continues to engage in discussions with potential licence partners.”

Sareum share price

Tradingview chart of Sareum share price 08102020

Sareum shares today surged 16% to trade at 0.940p having risen from Wednesday’s closing price of 0.810p.

People who read this also read:

Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.