Saturday, September 20, 2014 11:42:05 PM
A simple set of questions to answer if one had already been paying attention.
1) The company 'quit' working on the Ebolacide formulations because the funding that they had recieved (a CRADA) was not renewed after 2009. Combined with the fact that the research source of money had dried up for doing follow-up work, there was no market for an Ebolacide drug to justify the company putting its own limited financial resources into further development at the time.
So - instead - the decision was made to focus on Flucide - where testing is easier to accomplish as potential patients are large in number, where there is a regular influx of new patients who might need treatment for Flu, and where money was to be made.
2) The decision was made to restart the work because of a few related factors.
a) The Ebola outbreak and committment from organizations like WHO for research money could reopen a path for financing to do the remaining work that needs to be done.
b) The added information that the previous gene target that Ebolacide I was aimed at was probably not the ideal target was discovered in the meantime. Instead - a different target is mimiced in Ebolacide II that appears to be the correct one.
c) With the R&D for Flucide development in the can - and only the scale-up work remaining (given substantial) - there is/was time for Ebolacide II R&D.
d) The company's fairly substantial cash standing gives it some breathing room to do a bit of preliminary work on its own even before getting money from WHO or a Government source to do scale up.
But - those paying attention already know this.
Recent NNVC News
- 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
- Form 8-K - Current report • Edgar (US Regulatory) • 09/01/2023 08:46:45 PM
- Clinical Trial of Broad-Spectrum Antiviral Drug NV-CoV-2 is Progressing Well, Says NanoViricides - NV-CoV-2 is Positioned to Fulfill Many Unmet Medical Needs • InvestorsHub NewsWire • 07/06/2023 03:16:37 PM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM