Impact BioMedical (NYSE: IBO) Secures New Patent for 3F™ Technology
Impact BioMedical Expands Patent Portfolio with New Insect Repellent
Impact BioMedical Inc. (NYSE: IBO) has exciting news to share! The recent issuance of U.S. Patent No. 11,985,973 for their 3F™ technology marks a major milestone for the company. The U.S. Patent and Trademark Office granted this patent, focusing on an innovative "Insect Repelling Composition" that promises to revolutionize how we deal with pesky insects.
Details of the 3F™ Technology Patent
This newly granted patent expands upon IBO’s existing U.S. Patent No. 11,246,310. Both patents showcase formulations derived from natural plant constituents and fragrances. These natural ingredients serve as an effective insect repellent, reducing the number of insect landings and bites in outdoor settings. With patents expiring in February 2039 and April 2040, IBO ensures a solid intellectual property foundation for their technology.
Unique Features and Applications
IBO's 3F™ technology functions by inhibiting the olfactory receptors of insects, effectively making it harder for them to detect human presence. This means there are vast applications on the horizon, such as using this technology in products like insect repellents, detergents, shampoos, and lotions. By incorporating these compositions into everyday products, users can enjoy a more bug-free experience.
The Importance of Insect Repellent Solutions
The World Health Organization has raised alarms regarding the impact of vector-borne diseases, which contribute to around 17% of all infectious diseases globally. IBO's 3F™ insect repellent stands out because it offers a purely natural alternative to chemical repellents currently dominating the market. This aspect of the product not only makes it appealing but also addresses the growing demand for sustainable and health-conscious options in personal care.
Future Directions for Impact BioMedical
Following the notice of the patent issue, IBO’s CEO Frank D. Heuszel expressed enthusiasm regarding the development's potential. He stated, "This is another demonstration of success with our business model delivering new unique proprietary technology with the potential to address unmet needs in human healthcare." The company is gearing up to engage with potential partners to expedite the journey of the 3F™ technology into the market.
Overview of Impact BioMedical Inc.
Impact BioMedical Inc. is committed to discovering, confirming, and patenting pioneering science and technology. These innovations are aimed at being translated into novel offerings in the realms of biopharmaceuticals and consumer healthcare. The company thrives on collaboration with external partners, utilizing research, licensing efforts, co-development, joint ventures, and various strategic relationships to realize its vision.
Frequently Asked Questions
What is the primary focus of Impact BioMedical's new patent?
The patent focuses on an insect repelling composition developed through the 3F™ technology platform, aimed at reducing insect interactions in outdoor environments.
How do IBO's patents contribute to healthcare?
IBO's patents contribute to healthcare by offering natural, effective solutions for insect repellent, addressing public health concerns regarding vector-borne diseases.
What are the potential applications of the 3F™ technology?
The 3F™ technology can be used in a variety of products such as insect repellents, detergents, shampoos, and lotions to naturally deter insects.
Why is natural insect repellent significant?
Natural insect repellents like the 3F™ composition align with consumer demands for sustainable and health-conscious products, mitigating reliance on harsh chemicals.
What are IBO's next steps following the patent issuance?
IBO plans to accelerate discussions with potential partners to bring the 3F™ technology to market swiftly and effectively in the U.S. and beyond.
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