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Did you read the reaction from this morning, they have not tested any drug, and they don’t even have a lab capable of doing the testing... LMMFAO, I hope all these bag holders sue the shit out of these clowns.
There’s the reason for the big drop, the CEO just pumped it to dump a shit ton of shares...
April 09, 2020 15:31 ET | Source: WPD Pharmaceuticals
VANCOUVER, British Columbia, April 09, 2020 (GLOBE NEWSWIRE) -- WPD Pharmaceuticals Inc. (CSE: WBIO)(FSE: 8SV1) (the “Company” or “WPD”) a clinical stage pharmaceutical company, at the request of IIROC, clarifies its press release released yesterday regarding the independent research on its WP1122 drug compound.
In the prior press release, WPD disclosed that independent research found 2-deoxy-D-glucose (“2-DG”) to reduce replication of SARS-CoV-2, the virus that causes COVID-19, by 100% in in vitro testing. WPD has licensed rights to a portfolio of drug candidates, including WP1122, through its license partner, Moleculin Biotech, Inc. (“Moleculin”)(Nasdaq: MBRX) for use in 31 countries. WP1122 is referred to as a “prodrug” of 2-DG whereby chemical elements are added to 2-DG to improve its delivery in vivo.
The Company is not making any express or implied claims that this product has the ability to eliminate, cure or contain the Covid-19 (or SARS-2 Coronavirus) at this time.
WPD has not conducted its own research into 2-DG and its efficacy in fighting viral infections. Our Chief Scientific Officer has started the process of preparing protocols for our own research into whether WP1122 can be an effective treatment for viruses, as per our press release dated March 24, 2020 announcing our collaboration with CNS. The publication mentioned in our prior press release is a peer reviewed scientific journal. We accept it as the results of one study, but we must undertake our own research and trials to determine whether WP1122 can achieve results in a clinical setting. WPD is in process of preparing a preclinical development plan, clinical development plan and grant application for the use of WP1122 in Covid-19 to confirm these findings.
WPD does not have a bio-safety level 3 (SBL-3) laboratory, needed to conduct research on viruses. We outsource our research and development to contract research organizations (“CRO”) which have the required level of safety protocols and equipment. We do have scientific staff who will oversee the preclinical and clinical research and any manufacturing. We select a CRO based on our standard protocols. We have not as yet selected a CRO to conduct the research into WP1122 for the coronavirus and research and clinical trials have not yet begun, although we understand and are trying to react quickly to the urgent need in the marketplace. Details of any clinical testing will be negotiated with the CRO and at this time, we cannot give any date as to when results might be announced.
About WPD Pharmaceuticals
They sure are unloading a lot of shares to cancel. I definitely would not want to go long here... GLTY
I’m gonna say dilution, RS Meeting scheduled for may 7th...
Let’s see if this 1.14 double bottom holds.
That sure sounds good, but why doesn’t the market like it?
They have to be dumping like crazy, I’m trying to recoup some losses from this morning and I’m out.
Plus covid-19 testing fully funded.
It’s more about they are through with animal testing and and starting on humans.
LOL, lots of good news on the way, shirts got sucker punched today, they trying to take out the weak hands..
Yeah I seen that, been riding this for a while.
I sold on news, moved over to THMO, their test looks really promising and extremely low float. GLTA Longs
News on human trials for COVID-19 should be coming soon.
Hear is a saying I once heard, no matter how bad you have it, someone else always has it worse, it’s always made me look at the bright side of things, even though at times you might not be able to see it, it will come.
whew, I’m glad that I bailed in Pm
Looking good here...
Let’s hope that point is tomorrow.
Doesn’t it have to go down to qualify as a dip?
Quickly
Same to you bud
I meant PPS LOL
Should be ok, seems like a cheap POS for the news, we will see...
I grabbed some 5.90’s let’s roll...
I would like to see the gap fill in PM
I’m waiting on pull back still. GKTY
Hers the pull back
I almost pulled the trigger on 6.40 last night but just got to greedy, I was hoping for dip into 5’s well that didn’t happen, LOL, but PT who knows with these corona plays. It’s up over 200% since yesterday open, night break 10 and night even pull back a little, we will see. GLTY
I should have bought 6.40’s in AH yesterday but was waiting for a pull back, oh well, I guess I missed this one... GLTA
I don’t know about Home Depot, but I know they sell tool bags, I am in the HVAC business and have seen them at some of my wholesalers like grainger.
Looks like you should have.
Damn, I missed it, I’ll keep on watch for a dip...
Those Greek shippers love to SQUEEZE shorts.. LOL
HAHA love it...
No doubt, crazy... Lots of cash flowed through here today.
Yeah we all got that, we need the q, thanks though.
Same here
The quarterly?
Well the 1st is on Wednesday
They need to put out the quarterly.