RSLS - Why ReShape Lifesciences Stock Is Moving Higher Wednesday | Benzinga
ReShape Lifesciences, Inc. (NASDAQ:RSLS) shares are trading higher Wednesday morning following the company’s announcement that it received approval for its patent application.
What Happened: On Tuesday after the market close ReShape Lifesciences reported that it gained approval from the United States Patent and Trademark Office for its application entitled, “Intragastric Device (For Treating Obesity).”
In the patent filings, the company described the product as a swallowable implant that expands via a balloon in the stomach to induce a feeling of fullness, helping to restrict food intake.
After a set amount of time, it shrinks back ...