XERS - Xeris stock trades higher on US patent covering XeriSol formulations

2023-04-18 07:42:03 ET

• Xeris Biopharma ( NASDAQ: XERS ) said that the U.S. Patent and Trademark Office issued a patent covering its XeriSol formulations.
• The Patent Number 11,590,205 is titled 'Methods for producing stable therapeutic glucagon formulations in aprotic polar solvents.'
• The claims in the patent cover certain pharmaceutical formulations in Xeris' Gvoke product line, methods of use of such formulations in treating hypoglycemia, and methods of manufacturing the therapeutic formulations.
• "The addition of this new patent further strengthens our intellectual property position in the XeriSol™ platform portion of our portfolio and has claims that will cover the Gvoke formulation, which is in all our currently marketed Gvoke products," said Xeris' Chairman and CEO Paul Edick.
• XERS +1.27% to $2.40 premarket April 18

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