Sixty Degrees Pharmaceuticals and Tufts Medical Center Announce Patent License Agreement to Advance Development of Tafenoquine for Babesiosis Treatment and Prevention
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
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Should l Buy SXTP?
Source: Newsfilter
Patent License Agreement: 60 Degrees Pharmaceuticals and Tufts Medical Center have signed a Patent License Agreement to jointly develop tafenoquine for treating and preventing babesiosis, a tick-borne disease, with shared intellectual property rights established through prior research collaboration.
Clinical Trial Initiation: A clinical trial is underway to evaluate the efficacy and safety of tafenoquine in patients hospitalized with severe babesiosis, with the aim of addressing the unmet treatment needs for this serious infection.
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Analyst Views on SXTP
Wall Street analysts forecast SXTP stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 3.950
Low
3.40
Averages
3.40
High
3.40
Current: 3.950
Low
3.40
Averages
3.40
High
3.40
About SXTP
60 Degrees Pharmaceuticals, Inc. is a specialty pharmaceutical company. The Company specializes in developing and marketing new medicines for the treatment and prevention of infectious diseases. It is focused on using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The Company's pipeline under development covers development programs for vector-borne, fungal, and viral disease utilizing three of the Company’s products: new products that contain the ARAKODA regimen of Tafenoquine; new products that contain Tafenoquine, and Celgosivir. Its lead product, ARAKODA is used for malaria prevention in individuals 18 years and older. It is also conducting due diligence activities in relation to potential in-licensing of a product relevant to Lyme disease and an antimalarial combination partner for Tafenoquine for P. vivax malaria.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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