NanoViricides Inc. (NNVC)

[NNVClover]

Bingo. Improvement before the 'pre-IND stage' (something Nanoviricides has made up - you are either in lead optimization/candidate nomination) or toxicology - is not good. They still don't have a candidate to move forward into tox. That will take anywhere from 6 to 12 months. At their pace, likely never. But let's give them 6. Toxicology takes another 6 to 12 months. So we're talking likely 1 year at best to file an IND for dengue. Meanwhile AVII, MacroGenics, Sanofi and others are working on the very limited opportunity Dengue represents.