Qualigen Therapeutics has been granted new patents covering QN-302, a cancer drug candidate targeting pancreatic and gastrointestinal cancers, across more than 25 countries including over 20 European nations, India, China, and Russia.
The patents, titled "Substituted Naphthalene Diimides and Their Use," cover both the drug composition and manufacturing methods, with protection extending into 2040.
Company shares surged 20% following the announcement, with trading volume reaching over 44 million shares compared to the average of 23,000 shares.
The drug was originally developed by Professor Stephen Neidle and his team at University College London and is exclusively licensed to Qualigen Therapeutics.