NanoViricides Provides an Update on Its Clinical Program and Strategy - NV-387 Could be As Revolutionary as Antibiotics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
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Source: accesswire
Clinical Development Update: NanoViricides, Inc. is advancing its broad-spectrum antiviral drug NV-387, which has shown superior efficacy in animal trials against major respiratory viruses like Influenza, COVID-19, and RSV, with plans for Phase II clinical trials to evaluate its effectiveness in humans.
Market Potential and Future Plans: The company aims to expand NV-387's application to a wider range of viruses, anticipating significant market growth in antiviral treatments, while also seeking collaborations with larger pharmaceutical companies to expedite development and commercialization efforts.
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Analyst Views on NNVC
Wall Street analysts forecast NNVC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NNVC is 6.00 USD with a low forecast of 6.00 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.050
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6.00
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6.00
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6.00
Current: 1.050
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6.00
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6.00
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6.00
About NNVC
NanoViricides, Inc. is a clinical-stage company. The Company is engaged in developing a class of drugs that it calls nanoviricides, using a platform technology based on the application of nanomedicine technologies to the complex issues of viral diseases. Its lead drug candidate is NV-387, a broad-spectrum antiviral drug that has demonstrated activity in lethal lung infection animal model studies of Coronavirus (COVID), Respiratory Syncytial Virus, Influenza, Orthopoxvirus model for Smallpox and MPox, and even in a humanized mice model for Measles. It is focused on advancing Phase II clinical trials. Its other advanced drug candidate is NV-HHV-1 for the treatment of Shingles rash. Its NV-CoV-2 and NV-CoV-2-R are drug candidates for the treatment of COVID. Its portfolio also includes NV-HIV-1, a novel mechanism Anti-HIV Drug Candidate. Its other drug candidates include treatment for viral infections, including Dengue viruses, Ebola viruses, among others.
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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NanoViricides: Fiscal Q3 Earnings Snapshot
Company Financial Performance: NanoViricides Inc. reported a loss of $2.2 million in its fiscal third quarter, equating to a loss of 14 cents per share.
Location and Reporting Source: The company is based in Shelton, Connecticut, and the information was generated by Automated Insights using data from Zacks Investment Research.
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