NanoViricides Advances NV-387 Antiviral Drug, Prepares for Phase II Clinical Trials for RSV and MPOX Treatment
Portfolio Pulse from Benzinga Newsdesk
NanoViricides, Inc. (NYSE:NNVC) is advancing its antiviral drug NV-387 into Phase II clinical trials for RSV and MPOX treatment. The company reported financials showing a decrease in cash reserves and expressed concerns about its ability to continue operations without additional funding. NV-387 has shown promising results in preclinical trials against various viruses, including RSV and influenza.
September 30, 2024 | 10:35 am
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NanoViricides is advancing NV-387 into Phase II trials, but faces financial challenges with insufficient funding to continue operations through September 2025. The company is exploring additional funding options.
The advancement of NV-387 into Phase II trials is a positive development, potentially increasing the company's value if successful. However, the financial challenges and doubts about continuing operations without additional funding create uncertainty, balancing the short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100