Lightwave Logic, Inc. (LWLG) experienced a significant 8.76% surge during after-hours trading on Wednesday, following strategic developments related to the company's intellectual property portfolio.

The company announced it has engaged Michael Best & Friedrich as outside counsel to support its intellectual property strategy. This move signals Lightwave Logic's commitment to strengthening and protecting its IP assets, which is particularly important for technology companies operating in competitive markets.

Investors reacted positively to this development during the after-hours session, viewing the engagement of specialized IP counsel as a proactive step that could enhance the company's competitive position and potentially create value from its intellectual property portfolio.