1 Biotech Shares on the Shift After News (PATH)

New York, NY -- (SBWIRE) -- 01/09/2013 -- NuPathe Inc. (NASDAQ:PATH) develops therapeutics for diseases of the central nervous system including neurological and psychiatric disorders. The Companys products are NP201 for the continuous symptomatic treatment of Parkinson's disease and NP202 for the long-term treatment of schizophrenia and bipolar disorder. The Company completed a pivotal Phase III clinical trial for Zelrix, an active, single-use transdermal sumatriptan patch for the treatment of acute migraine.

NuPathe Inc (NASDAQ:PATH) shares decreased 6.47% and closed at $3.18 in yesterday’s session. The company, on Jan. 2, announced that the United States Patent and Trademark Office (USPTO) has issued a notice of allowance for U.S. Patent application 12/214,555 titled “Polyamine Enhanced Formulations for Triptan Compound Iontophoresis.” This application relates to methods of treating a migraine by administering a triptan using an iontophoretic patch that contains NuPathe’s proprietary hydrogel polyamine formulation. Given this action, NuPathe expects the patent to issue within the next few months.

How Should Investors Trade PATH Now? Don’t Miss Out A Special Trend Analysis

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