Janone Inc (NASDAQ: JAN) Breaking out on Patent Issuance News

(24/7 Market News) Janone Inc (NASDAQ:JAN) is trading higher, at $3.58, up $1.080(+43.20%), on 6.47 million shares traded, after announcing that it was issued a U.S. patent covering a method of improving nerve function using JAN101.

This morning, the company, which is focused on the development of drugs with non-addictive, pain-relieving properties, stated that it was issued a patent that covers a method of improving nerve function using JAN101, a potential treatment for peripheral artery disease (PAD), a vascular disease that affects more than 8.5 million people in the U.S. and more than 60 million people worldwide.

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