Small Caps Daily Features NanoViricides' Rapid Advancement to Clinical Trials for its COVID-19 Therapy
New York, New York--(Newsfile Corp. - November 18, 2020) - NanoViricides, Inc. (NYSE American: NNVC) (the "Company") a global leader in the development of highly effective antiviral therapies based on a novel nanomedicines platform, was the subject of a recent article on leading financial news website and publisher, Small Caps Daily. NanoViricides' progress and advancement to clinical trials, developing a therapy to combat COVID-19 and an exploration of the technology behind NV-CoV-1, which is NanoViricides' drug candidate, were a few of the topics covered in the Small Caps Daily article. After recently passing the first anniversary of the first case of COVID-19 discovered in the Wuhan province of China, the world waits with bated breath on therapies and vaccines to combat the deadly disease. NanoViricides is currently in the process of filing the Investigational New Drug (IND) application with the U.S. Food and Drugs Authority (FDA) after completing its drug development process using its unique nanomedicine technology called nanoviricides.
Key Takeaways from the SmallCapsDaily article featuring NanoViricides:
- NanoViricides therapy offers a strong possibility of enhancement of the effectiveness of remdesivir-based therapies, is easily the most consumed COVID-19 drug today. The NV-CoV-1-R therapy, a combination of remdesivir and the NV-CoV-1, encapsulates remdesivir as the participating drug for blocking the viral replication cycle in order to protect it from metabolism in the body
- NanoViricides' technology has shown a lot of promise which is why the company is in a great cash position. In its most recent 10Q filing, management reported that it had approximately $22 million in the form of current assets i.e. cash, cash equivalents, and prepaid expenses
- NanoViricides was recently in the news for engaging renowned CRO (contract research organization), Calvert Labs for the purpose of performing the Safety Pharmacology studies on the NV-CoV-1.
For more insight into NanoViricides, Inc., and to continue reading the Small Caps Daily featured article, please click here: https://smallcapsdaily.com/nanoviricides-rapidly-advancing-towards-clinical-trials/
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