Nuwellis Inc (NASDAQ:NUWE) stock is on fire. Shares of the tiny medical device maker surged more than 100% in pre-market trading Tuesday and were still up around 85% by 10 AM ET in early trading, as investors piled into a rare microcap healthcare narrative: patents, a boardroom reset, and a niche Big Pharma largely ignored.

For a company with a market value near $2 million, that’s a powerful cocktail.

A Boardroom Reset Fuels Speculation

Late last week, Nuwellis disclosed a sweeping board shakeup, with three long-serving directors stepping down and two new directors with experience scaling medical technology companies joining the board.

The company also streamlined its board, a move often seen when companies are preparing for faster execution, restructuring, or strategic interest.

For microcap traders, board changes often signal that something bigger may be brewing.

A Pediatric Patent Big Pharma Overlooked

The stock is also riding momentum from early January, when the U.S. Patent and Trademark Office issued a new patent for the company’s Vivian™ Pediatric CRRT System, strengthening its intellectual property moat in infant blood filtration.

Pediatric renal therapy is a tiny but high-margin niche with significant regulatory barriers, which is why patents matter. In healthcare, niche IP can be the difference between obscurity and acquisition interest.

Microcap Mechanics In Overdrive

With a razor-thin float and limited liquidity, Nuwellis is classic momentum fuel. The stock’s triple-digit pre-market surge and sustained gains in early trading reflect retail traders chasing the patent-and-boardroom narrative.

Whether this turns into a long-term business story or another microcap spike remains to be seen. But the pitch is clear: a $2 microcap may have quietly built a defensible corner of infant healthcare that much larger players overlooked—and the market is suddenly paying attention.

NUWE Price Action: Nuwellis shares were up 71.86% at $3.69 at the time of publication on Tuesday, according to Benzinga Pro data.

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