Tuesday, August 11, 2020 2:57:39 PM
Relief Therapeutics is a virtual company »
Raghuram Selvaraju, VRP of Relief Therapeutics, gives an insight into the corona project.
Several pharmaceutical companies have signed up to distribute Aviptadil. «We are hiring a re
Several pharmaceutical companies have signed up to distribute Aviptadil. "We are seeing a lot of interest," says Chairman Raghuram Selvaraju. (Image: Anthony Anex / Keystone)
The hope for effective means has already driven the shares of some small pharmaceutical companies to unimagined heights during the corona crisis. But none shows a more phenomenal price increase of more than 40,000% than Relief Therapeutics. On the one hand, this is due to the fact that it was valued at just CHF 2 million on the stock exchange at the beginning of the year, and on the other hand, it is due to the prospect of a drug against Covid-19.
Since the company announced the first results of its active ingredient Aviptadil (RLF-100) last week, the shares have taken off. In an interview with “Finanz und Wirtschaft”, Chairman of the Board of Directors Raghuram Selvaraju is confident: “We hope that Aviptadil delivers better results than Remdesivir.” Gilead's drug is the first and so far only in a scientific study to have a positive effect on disease progression and has received emergency approval.
Raghuram Selvaraju, VRP of Relief Therapeutics, gives an insight into the corona project.
Several pharmaceutical companies have signed up to distribute Aviptadil. «We are hiring a re
Several pharmaceutical companies have signed up to distribute Aviptadil. "We are seeing a lot of interest," says Chairman Raghuram Selvaraju. (Image: Anthony Anex / Keystone)
The hope for effective means has already driven the shares of some small pharmaceutical companies to unimagined heights during the corona crisis. But none shows a more phenomenal price increase of more than 40,000% than Relief Therapeutics. On the one hand, this is due to the fact that it was valued at just CHF 2 million on the stock exchange at the beginning of the year, and on the other hand, it is due to the prospect of a drug against Covid-19.
Since the company announced the first results of its active ingredient Aviptadil (RLF-100) last week, the shares have taken off. In an interview with “Finanz und Wirtschaft”, Chairman of the Board of Directors Raghuram Selvaraju is confident: “We hope that Aviptadil delivers better results than Remdesivir.” Gilead's drug is the first and so far only in a scientific study to have a positive effect on disease progression and has received emergency approval.
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