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Cesca Therapeutics Inc. (KOOL) Leaped To A New High On Patent News

Cesca Therapeutics Inc. (KOOL) announced Tuesday morning that the U.S. Patent and Trademark Office has issued a Notice of Allowance regarding its pending application for a patent covering its proprietary method for separating cells.

Cesca Therapeutics gapped up at the open Tuesday and rose sharply during the first half hour of trade, before profit taking set in. The stock still finished with a gain of 1.21 at $4.81 with volume at a 9-month high. Cesca Therapeutics broke out past resistance and set a new high for the year.

by RTT Staff Writer

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