AnPac Bio rises on U.S. patent for medical devices

Fresh2

18/06/2021 12:05

** Shares of biotech co  ANPC.O  up 12.4% at $65 premarket
    ** Co says it has been granted a U.S. patent for its medical
devices for both disease detection and treatment applications
    ** The patent covers device structures and methods to modify
biological samples for treatment purposes 
    ** Co says its newly launched cancer treatment joint venture
has secured over $4 million of capital contributions from
multiple funding sources  urn:newsml:reuters.com:*:nGNXb3PpmK
    ** Co said in May it would form a JV with its founder and
chairman, Dr. Chris Chang Yu, for cancer treatment research
    ** Up to Thursday's close, stock had fallen ~18% this year 

 (Reporting by Dania Nadeem in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com;))