Followers | 1320 |
Posts | 26909 |
Boards Moderated | 6 |
Alias Born | 12/10/2012 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, April 09, 2020 12:02:52 PM
WPD Pharma Research Shows WP1122 Could Reduce Replication of Covid-19 Virus
8:50 AM ET 4/9/20 | Dow Jones
Related Quotes
12:01 PM ET 4/9/20
Symbol Last % Chg
CNSP
3.70 34.49%
MBRX
1.18 -7.48%
Real time quote.
By Chris Wack
WPD Pharmaceuticals Inc. said Thursday that independent research on its WP1122 drug compound found 2-deoxy-D-glucose to reduce replication of SARS-CoV-2, the virus that causes Covid-19, by 100% in in vitro testing.
WPD said it would collaborate with its development partner CNS Pharmaceuticals Inc. to develop several preclinical drug candidates including WP1122, which will be tested on a range of viruses including the coronavirus SARS-CoV-2.
WPD has licensed rights to a portfolio of drug candidates, including WP1122, through its license partner, Moleculin Biotech Inc.
"We are excited with this breakthrough on our WP1122 drug candidate and the early implications are that it could have positive effects on reducing the spread of Covid-19," commented Mariusz Olejniczak, chief executive of WPD.
CNS Pharma shares were up 18%, to $3.25, in premarket trading. Moleculin Biotech shares were up 5%, to $1.34.
Write to Chris Wack at chris.wack@wsj.com
> Dow Jones Newswires
April 09, 2020 08:50 ET (12:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
GO $WCOTF
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM