NanoViricides Inc. (NNVC)

[JG36]

The FDA is under no obligation to approve a drug just because its approved in another country. And decent phase IIa trials are not by themselves likely to get the drug approved in Australia. The phase IIa trials will be scaled down phase II trials. So at best we can expect evidence for efficacy, not proof of efficacy. I doubt Australia will approve Flucide on that basis. I don't see the odds of Australia approving Flucide as being much better than 20% either.

Most drugs that get through phase I trials never get approved. And Flucide is still a long way from even getting to phase I trials. But I know this means nothing to the NNVC Exceptionalists.