PolarityTE's patent approval increases probability of patent protection, says Cantor Fitzgerald
Cantor Fitzgerald analyst Elemer Piros notes that PolarityTE was granted a patent by the Canadian Intellectual Property Office related to methods for development and use of minimally polarized function cell micro-aggregate units. The analyst believes that having received the first patent approval, and maintaining a record with no abandoned or lapsed patents, increases the probability of receiving patent protection in other markets. Piros feels confident that direct competition is not a threat at this time given the trade secrets in place for PolarityTE's unique platform. Additionally, the analyst highlights that since creating the Office of the Chief Executive in June, the company has accomplished a number of significant milestones, and he expects more important updates to occur in the second half of 2019. Piros reiterates an Overweight rating and $50 price target on the shares.