NanoViricides Inc. (NNVC)

[Rawnoc]

Seymour's letter March 11, 2014:

"We are also scaling up the production process TO KILOGRAM QUANTITIES. The very strong safety of our drug candidate means THAT WE NEED VERY LARGE QUANTITIES FOR THE SAFETY AND TOXICOLOGY EVALUATION STUDY ("TOX PACKAGE")."

Seymour's PR April 16, 2014:

"The Company also reported that it is producing Injectable FluCide™, our most advanced drug candidate, at its existing facilities, in the large quantity needed for the Safety and Toxicology ("Tox Package") study. The strong safety observed in preliminary safety studies resulted in requirement of a very large quantity for the Tox Package study. Notably, the drug candidate was found to be safe even at the maximum feasible dosage level in a small animal study. The Company reports that it has successfully scaled up the production of injectable FluCide at its current facility."


If the April 16, 2014 PR wasn't deliberate deception, WTF went wrong?