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PaxMedica Announces First Patent Allowance for Suramin Intranasal Formulation in the treatment of Autism Spectrum Disorder and Other Conditions

1. PaxMedica received a patent notification for suramin-related treatments in China. 2. This marks a significant milestone impacting autism and behavioral disorders.

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Why Bullish?

The patent grants intellectual property protection, potentially increasing market confidence and investments. Previous patent approvals have positively influenced related biotech stocks.

How important is it?

The announcement indicates progress in product development that directly impacts future revenue potential.

Why Long Term?

Patent approval could lead to future revenue from treatments, enhancing company value. Long-term benefits may emerge as the product moves closer to market.

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PXMD
BOSTON, MA / ACCESSWIRE / January 14, 2025 / PaxMedica, Inc. (OTC PINK:PXMD), a clinical-stage biopharmaceutical company dedicated to advancing treatments for neurological disorders, is pleased to announce it has received a Notification to Grant Patent Right for Chinese Invention Patent Application No: 2020800553323, Compositions and methods for treating cognitive, social, or behavioral disabilities and neurodevelopmental disorders, such as those found in individuals impacted by autism. Howard Weisman, CEO of PaxMedica commented, "This is an extraordinary milestone for PaxMedica, as this is the first jurisdiction in the world where intellectual property protection of any form of suramin has been approved, since it was first used in humans over 100 years ago.

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