Why Minerva Surgical Shares Are Taking Off Wednesday

Minerva Surgical Inc UTRS shares are soaring Wednesday morning after the United States Patent and Trademark Office granted the company a patent for certain medical systems and methods.

The Details: Minerva Surgical was granted U.S. patent #11653972 for "Medical Systems And Methods (For Resecting And Extracting Tissue)."

The patent describes a process in which tissue is resected and extracted from a patient's body using a tool which uses vaporization to propel the tissue through an extraction lumen of the resecting device. 

"Resection is achieved using an electrosurgical electrode assembly including a first electrode on a resecting member and a second electrode within a resection probe or tool," the patent states.

The first resecting portion involves a radio frequency current and the second portion involves vaporization of fluids by radio frequency which then propels the tissue from the device. 

"In one embodiment, an extending element extends from a housing and into a channel in a resecting member as the resecting member moves toward a distal position," the patent states. 

Minerva is a commercial-stage medical technology company focused on developing, manufacturing and commercializing minimally invasive solutions to meet the distinct uterine healthcare needs of women.

See Also: Why Novavax, Pfizer And BioNTech Shares Are Rising Today

UTRS Price Action: Minerva shares were up 183.4% at 52 cents at the time of writing, according to Benzinga Pro.

Photo: Lorenzo Cafaro from Pixabay.