NanoViricides Secures First Rights To TheraCour's Antiviral Developments, Eyes Phase II Trials For Lead Drug
Portfolio Pulse from Benzinga Newsdesk
NanoViricides, Inc. has secured a right of first refusal for all antiviral drug developments from TheraCour Pharma, enhancing its ability to develop broad-spectrum antiviral drugs. The company plans to advance its lead drug, NV-387, to Phase II trials.
September 26, 2024 | 10:36 am
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NanoViricides has obtained a right of first refusal for antiviral developments from TheraCour, enhancing its drug development capabilities. The company plans to advance NV-387 to Phase II trials, potentially boosting its market position.
The right of first refusal agreement with TheraCour significantly enhances NanoViricides' ability to develop new antiviral drugs, potentially increasing its market value. The advancement of NV-387 to Phase II trials indicates progress in its drug pipeline, which is likely to positively impact the stock price.
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