See feature article below: NanoViricides, Inc. (NYSE-MKT: NNVC)
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Report For: NanoViricides, Inc. (NYSE-MKT: NNVC)
NNVC announced today that it has entered into an agreement with St. Jude Children’s Research Hospital, Memphis, TN, for further drug development in its anti-influenza program. NNVC shares are up 15% at $1.88 on trading volume that exceeds the daily average by a factor of three.
About NanoViricides:
NanoViricides, Inc. (www.nanoviricides.com) is a development stage company that is creating special purpose nanomaterials for antiviral therapy. The Company’s novel nanoviricide® class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them. The Company is developing drugs against a number of viral diseases including H1N1 swine flu, H5N1 bird flu, seasonal Influenza, HIV, oral and genital Herpes, viral diseases of the eye including EKC and herpes keratitis, Shingles, Hepatitis C, Rabies, Dengue fever, and Ebola virus, among others.
SHELTON, Conn., May 31, 2016 /PRNewswire/ — NanoViricides, Inc. (NYSE MKT: NNVC (the “Company”) announced today that it has entered into an agreement with St. Jude Children’s Research Hospital, Memphis, TN, for further drug development in its anti-influenza program.
NanoViricides, Inc. has previously held a pre-IND meeting with the US FDA on its anti-influenza drug development program, and obtained valuable guidance. Since then, the Company has been performing necessary CMC (chemistry, manufacture, and control) studies and production scale-up for the identified development candidate, namely, FluCide™-I. The Company has also continued further anti-influenza drug development that is anticipated to result in additional candidates superior to FluCide-I.
The testing of these candidates for anti-influenza activity will be performed in the laboratory of Dr. Elena Govorkova in collaboration with Dr. Robert G. Webster and will include both in vitro and in vivo studies. They have extensive experience in influenza virus infections with a large number of different influenza strains, and in anti-viral agents discovery. The overall objective of these studies will be to help select clinical drug development candidates for the treatment of influenza virus in humans, using both the injectable and oral administration routes. Injectable administration is preferable for hospitalized patients that are extremely sick, while oral administration is preferred for out-patients.
The in vitro studies will evaluate the efficacy and potency of the Company’s nanoviricides anti-viral agents against a panel of influenza A and B virus infection of different types of cells, including human bronchial epithelial cells. The in vivo studies in small animals will evaluate the safety and efficacy of the Company’s nanoviricides to protect against severe H1N1 influenza infection.
The St. Jude influenza research program began in 1968 under the leadership of renowned virologist Robert G. Webster, PhD. The research program has provided important breakthroughs in several major influenza outbreaks over the years, leading to the designation of St Jude Influenza Program as a World Health Organization Collaborating Center for Influenza and a NIH Center of Excellence for Influenza Research and Surveillance.
Source – Company Press Release
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