Australia's Inoviq eyes best day in nearly 3 weeks on patent grant

Inoviq

03/05/2022 04:03

** Shares of the medical diagnostics co  IIQ.AX  climb as
much as 7.5% to A$0.613, set for best day since March 14, if
gains hold
    ** Inoviq announces grant of patent issued by IP Australia
to Griffith University and the University of Adelaide
 urn:newsml:reuters.com:*:nASX46sF0r
    ** Says patent covers co's SubB2M technology, which helps in
monitoring of breast and ovarian cancers
    ** Adds that co holds exclusive worldwide rights over SubB2M
intellectual property for diagnostics applications
    ** Stock down 52.3% this year, as of last close
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))