Aug 13, 2020 4:30 PM ET
iCrowd Newswire – Aug 13, 2020
DENVER, Colo., July 27, 2020- Moderna (NASDAQ:MRNA) was the weekend’s big Corona winner, as the U.S. government adjusted its existing contract, by increasing funding, by up to $472 million, for a “significantly” larger Phase 3 study of the company’s COVID-19 mRNA vaccine candidate (mRNA-1273).
This is the latest Operation Warp Speed development that has been driving the biotech market and this dynamic seems to be lifting the venture biotech market, as well, with multiple venture listings, like Emmaus Life Sciences, Inc. (OTCQB:EMMA), Innovation Pharmaceuticals (OTCQB:IPIX), AXIM® Biotechnologies, Inc. (OTCQB:AXIM), GeoVax Labs, Inc. (OTCQB:GOVX), and Sunshine Biopharma Inc. (OTCQB:SBFM), which is currently making the most aggressive gains.
Emmaus Life Sciences, best known for its sickle cell disease treatment, has basically doubled in the past 3 months and has been gaining since it recently announced that it engaged Partner International “to lead the out-licensing activity for Emmaus’ prescription grade L-glutamine (PGLG) oral powder for use in the treatment of diverticulosis.” Emmaus intends to pursue a Phase III trial under the FDA’s abbreviated 505(b)(2) regulatory pathway for its prescription grade L-glutamine (PGLG), which is the same Emmaus active pharmaceutical ingredient that is approved by the FDA to reduce acute complications of sickle cell disease in adult and pediatric patients five years of age and older. Diverticulosis is potentially a much larger market.
Innovation Pharmaceuticals has also doubled, after posting even greater gains in recent months. The clinical stage biopharmaceutical company recently reported receiving new data from ongoing laboratory testing being conducted at a U.S. Regional Biocontainment Laboratory (RBL). The data is helping to inform the planned Phase 2 clinical trial of Brilacidin for COVID-19, targeted to commence in Q4 2020.
Innovation Pharmaceuticals published that “Recently released in vitro data showed Brilacidin exhibited a potent inhibitory effect on SARS-CoV-2, the novel coronavirus responsible for COVID-19, in a human lung epithelial cell line—reducing viral load by 95 percent and 97 percent at two efficacious concentrations tested, compared to control (DMSO).”
AXIM® Biotechnologies is on the move today, after announcing, this morning, the completion of a study highlighting the performance of NeuCovix™, AXIM’s rapid test to measure levels of neutralizing anti-COVID-19 antibodies. This morning’s release stated “NeuCovix™ test was compared to a gold standard pseudovirus-based test. NeuCovix™ accurately classified serum from patients who strongly neutralized SARS-CoV-2 and serum from patients who poorly neutralized the virus. Additionally, NeuCovix™ did not cross-react with serum from patients with seasonal respiratory infections including seasonal coronaviruses, suggesting that the test has 100 percent specificity for COVID-19.”
GeoVax Labs is a clinical-stage biotechnology company that uses its Modified Vaccinia Ankara – Virus-Like Particle (MVA-VLP) vaccine platform to develop human vaccines against infectious diseases. It’s currently focused on preventive vaccines against COVID-19, HIV, Zika virus, Hemorrhagic Fever viruses (Ebola, Sudan, Marburg, Lassa), and malaria, as well as therapeutic vaccines for chronic Hepatitis B infections and cancers.
Sunshine Biopharma is a Montreal based pharmaceutical company focused on the research, development and commercialization of drugs for the treatment of various forms of cancer, is within striking distance of a monthly 10 bagger for July. In May it announced that it signed a Cross Referencing Agreement with a major pharmaceutical company for Anastrozole, a prescription generic drug for treatment of Breast Cancer, which Sunshine will market and sell under its own label.
Connect with 24/7 Market News on social media:
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community.
24/7 Market News (24/7MN) is a third party publisher and news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.
Materials in this release are informational and should never be considered research. You must do your own due diligence by reading all available public information. This release is a corporate public statement, and believed to be reliable. The principle and editor of 24/7 currently owns no shares of the aforementioned companies, but has the right to buy and sell at any time of his choosing which could be viewed as a conflict of interest. 24/7 makes no representations and warranties to the completeness of materials provided and are subject to change without notice. 24/7 is not responsible for any gains or losses which result from our opinions or coverage expressed in our emails or our site and readers are cautioned that investing has risks and you may lose all or a portion of your money.
For further information on 24/7 Market News, please go to www.247marketnews.com
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
24/7 Market News
24/7 Market News
Keywords: biotech,nasdaq,stocks,stock market,small cap,corona,covid-19,vacine