Generate a overview for ELAB. Cover fundamentals, and market position, etc. Then sentiment and option volume/short interest data. Finish by covering news sorted by bullish or bearish.

Elevai Labs (ELAB) Overview:

1. Fundamentals and Market Position:
   • Last Price and Change: As of the latest data, ELAB's stock price was $0.02, representing a significant increase of 31.38%.
   • Market Capitalization: The company has a market cap of $1.22 million.
   • Company Introduction: Elevai Labs is a modern beauty and skin care product company with a focus on medical aesthetics and biopharmaceutical drug development.
2. Sentiment, Option Volume, and Short Interest:
   • Currently, there is no available data on sentiment, option volume, or short interest.
3. Recent News:
   • Patent Filings for Obesity Treatment: Elevai Labs has filed two patent applications for its lead candidate, EL-22, which targets muscle loss in obese patients. These applications represent a potential advancement in obesity treatment and are part of the company's growing intellectual property portfolio.
   • Collaboration for Hair and Scalp Care Technology: The company has filed two innovative patents in collaboration with Yuva Biosciences, supporting the development of solutions for hair and scalp vitality. This partnership combines Elevai's exosomes with Yuva Biosciences’ Y100 mitochondrial technology to address common scalp and hair concerns.
   • Stock Performance: Elevai Labs experienced a 1.8% drop in its stock price during mid-day trading on a recent Wednesday, with the stock trading as low as $0.57.

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ELAB Market Cap