Wrong. The patent application, even a provisional patent application offers protection, not as strong as a granted patent, but enough. That is part of the reason patent applications attempt to be extremely broad when describing the claims. If someone knowingly "copies" the technology and makes money off it before the patent is granted, they would be subject to patent infringement IN THE EVENT the patent is granted and the part copied was covered by the final claims.
This is why when you are patenting a material thing (PPHM's application is for a process)when you have applied for the patent, you are permitted to mark the object "patent pending" to make others aware it is believed to be protected technology.
This is also why anyone interested in buying the PPHM's exosome technology has to not only evaluate if the process works, but also validate/assess the strength of the patent claims etc. not a simple process and takes time.
FFTT
JBAIN