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Replies to post #144343 on Enzolytics Inc (ENZC)
COLLEGE STATION, TX / ACCESSWIRE / March 14, 2022 / Enzolytics, Inc. (OTC PINK:ENZC) (https://enzolytics.com/) Enzolytics' ("ENZC") wholly-owned subsidiary Virogentics, Inc. (the "Subsidiary") today announced its progress toward the production and use of its ITV-1, anti-HIV immunotherapy treatment in the Central and Eastern regions of Africa for patients with HIV/AIDS.
The steps necessary for the production and delivery of the Company's anti-HIV therapy in these regions are in progress. Toxicology, pharmacodynamic and pharmacokinetic studies (toxicology studies) of the immunotherapy are planned, a prerequisite to use of the immunotherapy in certain African countries where the therapies will be used. These toxicology studies will also be used in the Company's progress toward clinical trials necessary for EMA approval. The ITV-1 therapeutic has succeeded in clinical trials earlier and the Company is planning additional trials leading to EMA approval. As that approval is underway, the ITV-1 therapeutic will be provided to the Central and Eastern regions of Africa once toxicology studies are completed.
The Company, led by its CSO Harry Zhabilov and advisor Professor Dr. Luchezar Ivanov, is guiding the production in Eastern Europe using the Company's patented proprietary technology and production process. The Company has commitments for the production of an initial quantity for use in two African hospitals. A follow-on production will be provided to treat a larger group of HIV/AIDS patients followed by a much larger commitment, potentially to treat 30,000 patients,
While the healthcare focus for the last 2 years has been on the COVID-19 pandemic, the HIV pandemic has continued unabated. Over 16 million people are infected with HIV, with approximately 10% being children. There are 1.7 Million new cases each year and approximately 1 Million deaths. Over 50% of the worldwide patients with HIV/AIDS are located in Africa.
The only therapy for treating infected patients is antirational (ARV) drugs, but these drugs are not available to 27% of those infected. The ARV therapies which are available cause substantial side effects and are expensive. The ARV therapy Biktarvy produced by Gilead costs $42,635 per year. The global HIV market is estimated to be over $30 billion this year and is expected to grow to over $36 billion globally by 2027.
The Company sees this as a massive market opportunity with room for improved therapies and recognizing that 27% of those infected with HIV do not have access to any ARV therapy.
Harry Zhabilov, the Chief Science Officer of ENZC, stated, "We continue to move forward methodically in our efforts to bring our ITV-1 immunotherapy treatment to market as well as the IPF Immune™ modulator. The Company is moving forward with preparation for clinical trials in Europe and approval under the EMA. At the same time, the Company plans to follow the approval process for FDA approval. Our partners, especially Dr. Ivanov, have been invaluable in these efforts."
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