Benzinga | Jun 18, 2021 09:22AM EDT

AnPac Bio-Medical Stock Moves Higher On First Disease Treatment US Patent

* AnPac Bio-Medical Science Co Ltd (NASDAQ:ANPC) has received its first disease treatment patent by the United States Patent and Trademark Office.

* The patent covers novel medical devices for both disease detection and treatment applications and has 25 claims.

* The patent covers novel device structures and methods to modify biological samples for treatment purposes. This latest patent is the 21st patent granted to AnPac Bio in the U.S.

* The Company also announced that its newly launched cancer treatment joint venture has secured, via signed legal documents, over $4 million of capital contributions from multiple funding sources.

* The funding will be used to fabricate cancer treatment medical devices and the device's subsequent laboratory tests this year.

* Price Action: ANPC shares are up 21.9% at $5.29 during the premarket trading session on the last check Friday.