Ainos (NASDAQ:AIMD) stock is heading higher on Monday after the medical technologies development company secured new patent licenses.
According to a press release from Ainos, the company has obtained exclusive licenses for 10 patents from Taiwan Carbon Nano Technology. This is Ainos’ affiliate and product co-developer.
Ainos notes that the patents in this agreement are tied to gas sensors and medical devices. These patents cover multiple regions including the U.S., Germany, China, Japan and Taiwan.
The company also mentions that it acquired them from Taiwan Carbon Nano Technology in exchange for AIMD stock. This saw it issue shares worth $5.4 million to cover the acquisition of the patent licenses.
Chun-Hsien Tsai, chairman, president and CEO of Ainos, said the following about the deal:
“I believe this licensing will bolster our AI Nose and POCT technologies as we advance our AI Nose and POCT pipeline, including progressing our leading volatile organic compounds (“VOC”) POCT candidate, Ainos Flora, and jointly developing a VOC sensing platform with our Japanese partners.”
AIMD Stock Movement Today
With this news comes heavy trading of AIMD stock this morning. That has more than 9 million units on the move as of this writing. That’s well above its daily average trading volume of about 793,000 shares.
AIMD stock is up 37.9% as of Monday morning.
Below are even more stock market stories worth reading about today!
We have all of the hottest stock market stories that traders need to know about on Monday! Among that is what has shares of PS International Group (NASDAQ:PSIG) stock up today, the biggest pre-market stock movers this morning and more. All of this info is ready to go at the links below!
More Stock Market News for Monday
- Why Is PS International (PSIG) Stock Up 64% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
- What Archer Aviation (ACHR) Stock Investors Should Know About the Los Angeles Air Taxi News
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
