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.
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