Followers | 260 |
Posts | 19732 |
Boards Moderated | 0 |
Alias Born | 10/03/2004 |
Wednesday, June 03, 2009 2:00:38 AM
TherCour was incorporated by NNVC's president Anil Diwan to take over the technology from his original development company, Allexcel. Allexcel still holds the patents and TheraCour is the holding and development company for the technology that also licenses other entities. The patent is held by Allexcel and proprietary knowledge is held by TheraCour which then licenses the use to other entities.
So, the relationship is this:
TheraCour has licensed its technology for use against viruses to NNVC in perpetuity. Dr. Diwan, the owner of TheraCour is the chief inventor and lead researcher as well as President of NNVC. TheraCour holds ~28% of NNVC's common stock (soon to be 26%) and therefore has a substantial vested interest in the success of NNVC. Dr. Diwan also holds about 9% of NNVC, giving him about 37% of NNVC's shares and a major interest in the success of NNVC.
So, why set up such a convoluted, multi-tiered structure? Well, first of all, when NNVC first formed following the reverse merger with e-dot com (or whatever it was called) the inventors and, researchers and officers had no idea the thing would work. They did know that test material given to Harvard (Beth Israel Deaconess) showed in vitro efficacy against Cytomegalovirus, but that sucker is one big virus with and easily ruptured envelope. Knowing that funding was dependent on incorporation, something that can be vulnerable to creditors, the principles decided to set up 3 tiers of protection for the base technology.
Base technology? The case technology is the Therapeutic Courier (TheraCour), a hollow spheroid that self-assembles consistently to 19nm to 21nm, or as Diwan likes to say about 20nm. The structure is a polymeric nanomicelle, a polymer consisting of an inner lattice with an outer coating to which molecules can be made to bond. The implications for use of the polymeric nanomicelle go far beyond simply targeting and destroying viruses.
Consequently, had the in vivo tests failed, NNVC might have failed, and in its failure some might have been tempted to collect losses by suing for the ownership of the base technology. Well, NNVC hasn't failed yet in any of its tests, with the single exception of EbolaCide which ran into problems with the Ebola Virus sheddase.
Today it seems odd to have such a structure, whereas only 4 years ago it seemed like the prudent thing to do.
Recent NNVC News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 08:30:39 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/09/2024 08:05:25 PM
- NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • InvestorsHub NewsWire • 05/02/2024 02:07:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:53:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:55:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:44:48 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/04/2023 09:08:49 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:30:41 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:44:54 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM