Shares of Nuwellis Inc (NASDAQ:NUWE) are skyrocketing Wednesday morning after the medical technology company announced it secured a key U.S. patent for its blood filtering technology.
What To Know: The U.S. Patent and Trademark Office officially granted the patent on Tuesday, Nuwellis announced after the market closed. The new patent, U.S. Patent No. 12,357,734, protects a method for improving the accuracy of fluid balance calculations in Continuous Renal Replacement Therapy. It addresses a known flaw in current systems that use weight-based measurements and assume a standard fluid density.
Nuwellis says the company’s patented technology corrects for this by incorporating the actual density of replacement fluids and effluent, enabling more precise volumetric tracking and potentially improving patient outcomes.
“Expanding our intellectual property portfolio is a key part of our strategy,” said Nuwellis CEO John Erb, emphasizing the patent’s role in building long-term value.
Price Action: According to data from Benzinga Pro, Nuwellis shares are trading higher by 161.2% to $18.10 Wednesday morning. The stock has a 52-week high of $196.98 and a 52-week low of $6.33.
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How To Buy NUWE Stock
By now you're likely curious about how to participate in the market for Nuwellis – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Nuwellis, which is trading at $6.89 as of publishing time, $100 would buy you 14.51 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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