(24/7 MARKET NEWS) – Ocean Biomedical (NASDAQ: OCEA) reported, this morning, that Dr. Jack A. Elias, MD, its Scientific Co-founder, was issued a broad patent for his cancer immunotherapy discovery related to reversing immune system suppression by binding chitinase 3-like-1 (CHi3L1) polypeptides with Ocean Biomedical’s proprietary immunoglobulin antibody, which has been shown to suppress primary and metastatic tumor growth in multiple animal models and has potential use in multiple forms of visceral cancers.
Ocean Biomedical is trading at $6.44, up $1.18 (+22.43%), on 222K premarket shares traded.
Its 52-week range is $3.06 to $26.6015. It’s been trading for about 4 months and has a history of making big intraday gains.
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