Shares of healthcare company G Medical Innovations Holdings (NASDAQ:GMVD) have nearly doubled today after it received a notification of patent issuance from the U.S. Patent and Trademark Office (USPTO) for the company’s monitoring products.
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The patent is for the ‘method and system for vital signs monitoring with earpiece’ and is anticipated to be issued on February 7. Importantly, this patent covers GMVD’s vital signs monitoring system which can be used on different body locations.
This system could offer more leeway for physicians in patient monitoring and the patent win further builds up on the two patents the company received last month.
Impressively, GMVD now has six patents in its portfolio while three more applications are pending approval.
Today’s price rise in GMVD shares comes after a massive 98.33% decline over the past 52 weeks.
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