[Market Focus] Genematrix Shares Surge on News of U.S. Patent Registration
As of 9:10 a.m. on September 17, the share price of Genematrix was up 29.94%-the daily price limit-at 3,190 won compared to the previous closing price. This surge appears to be due to the company's announcement that its cervical cancer therapeutic vaccine candidate, GMPV-12, has been registered as a U.S. patent.
Genematrix stated, "With this patent registration, we have secured exclusive rights to our artificial intelligence (AI)-based antigen redesign core technology, establishing a crucial foundation for entering the global market."
GMPV-12 is a therapeutic agent that uses AI-based protein modeling techniques to redesign the antigen of high-risk human papillomavirus (HPV). It works by activating immune cells known as T cells within the body to treat cancer. Its efficacy has been validated in a cervical cancer animal model by a research team at Johns Hopkins University in the United States.
The company reported that in the efficacy experiment, the group treated with GMPV-12 showed effective suppression of tumor growth, and the T cell immune response that destroys cancer tissue was three times higher compared to the control group.
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Genematrix is preparing for clinical trials of GMPV-12 following the U.S. patent registration and also plans to pursue joint development and technology transfer partnerships with global pharmaceutical companies.
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