Followers | 1318 |
Posts | 26925 |
Boards Moderated | 6 |
Alias Born | 12/10/2012 |
Tuesday, July 21, 2020 8:21:49 AM
MBRX news today using WP1122........ POSITIVE FOR Covid19
Moleculin Biotech says second lab test found antiviral activity for potential COVID-19 treatment
7:46 AM ET 7/21/20 | Dow Jones
Related Quotes
4:00 PM ET 7/20/20
Symbol Last % Chg
MBRX
1.10 0.00%
Real time quote.
Shares of small-cap Moleculin Biotech Inc. soared 43% in premarket trade Tuesday, after the company said a second round of laboratory testing confirmed antiviral activity for WP1122, its candidate as a treatment for COVID-19. The lab involved was IIT Research Institute, an affiliate of the Illinois Institute of Technology, which conducted additional in vitro testing of the drug candidate. The testing involved a cell viability assay in the VERO E6 cell line infected with the coronavirus that causes COVID-19 and compared the therapeutic effects of 2-DG (the active ingredient in WP1122) alone with those of WP1122, a 2-DG prodrug.The result is very preliminary; based on feedback from the FDA, Moleculin expects it will need to show activity in a COVID-19 animal model to successfully submit a request for Investigational New Drug ("IND") status for WP1122. The company is testing other compounds in its portfolio as treatments for COVID-19. Shares have gained 20% in the year to date,
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
> Dow Jones Newswires
July 21, 2020 07:46 ET (11:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
GO $WPDPF
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