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NuCana PLC (NASDAQ:NCNA) shares are trading lower by 36.19% to $0.79 Monday morning after the European Patent Office said NuCana's 190 patent is not valid.
What Else?
NuCana says neither of these decisions affect the patent protection on any of the company's anti-cancer ProTides, which are covered by separate patents that were not involved in this litigation.
Hugh S. Griffith, NuCana's Founder and CEO, said: "While we are disappointed by these decisions, they do not impact our core business of developing innovative new medicines for the treatment of patients with cancer. NuCana is well-capitalized, all of our clinical programs remain on track and we expect multiple data announcements in 2023."
See Also: Why Signify Health Stock Is Seeing Blue Skies Monday
According to data from Benzinga Pro, NCNA has a 52-week high of $2.24 and a 52-week low of $0.52.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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