Innovacell surges to daily limit after patent registration for incontinence treatment announced
Innovacell <504A> shares locked at their daily limit-up ceiling of 710 yen on Monday, rising 100 yen from the previous session. The company, a cell therapy and regenerative medicine venture spun out from the Medical University of Innsbruck in Austria, listed on the Tokyo Stock Exchange Growth Market on February 24. Innovacell maintains a pipeline targeting incontinence treatments, and is currently conducting a joint Japan-Europe Phase 3 clinical trial for its development product ICEF15, which targets fecal urgency incontinence. It is also preparing a Phase 3 trial for ICES13, which targets stress urinary incontinence. Buying interest was fueled by news that a patent titled "Myogenic Progenitor Cells Used in an Optimized Method for the Prevention and Treatment of Anal Incontinence" was registered on Monday, serving as a catalyst for the stock.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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