India, July 16 -- Shares of Nuwellis, Inc. (NUWE) soared on Tuesday, climbing 265.54% following the announcement that the company has been granted a new U.S. patent related to its fluid management technology.
The stock opened sharply higher at $18.89, compared to a previous close of $6.89, with trading volume surging to more than 23 million shares, far exceeding the daily average of approximately 315,000.
The surge was driven by news that the U.S. Patent and Trademark Office has issued Patent No. 12,357,734, titled "Extracorporeal Blood Filtering Machine and Methods." The company said the patent strengthens its intellectual property portfolio and underscores its innovation in the field of continuous renal replacement therapy (CRRT).
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