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Shares of Silo Pharma Inc (NASDAQ:SILO) rose sharply in pre-market trading following a key intellectual property update tied to its PTSD treatment pipeline.
On Monday, the company said the European Patent Office issued a Rule 71(3) communication indicating its intent to grant a patent covering a novel preventative therapy targeting the serotonin 4 (5-HT4) receptor pathway.
Silo Pharma shares jumped 51.8% to $0.54 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Huachen AI Parking Mgmt Tech Hldg Co Ltd (NASDAQ:HCAI) gained 131.8% to $0.34 in pre-market trading fter the company disclosed a regulatory update tied to its Nasdaq listing compliance.
- Advanced Biomed Inc. (NASDAQ:ADVB) gained 74% to $7.46 in pre-market trading.
- Ridgetech Inc (NASDAQ:RDGT) gained 68.8% to $0.031 in pre-market trading. Ridgetech shares dipped more than 25% on Monday after the company announced a 1-for-150 reverse stock split.
- Cuprina Holdings (Cayman) Ltd (NASDAQ:CUPR) rose 57.4% to $0.62 in pre-market trading after gaining 16% on Monday.
- Xiao-I Corp (NASDAQ:AIXI) jumped 39.2% to $1.12 in pre-market trading after surging 515% on Monday. Xiao-I recently issued an additional material update on its variable interest entity’s ongoing patent infringement lawsuit against Apple.
- Organogenesis Holdings Inc (NASDAQ:ORGO) rose 30% to $2.91 in pre-market trading after the company disclosed …
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