Thursday 21 May 2020

https://markets.ft.com/data/announce/detail?dockey=600-202005200615DGAP____CORPNEWS_corporate_1051973_en-1.



One of the core COVID vaccine players is Nanoviricides (NNVC) from Shelton, CT. 

On May 20, 2020 they issued a press release that was, as usual for these companies, positive. But the stock dropped almost 6% on an up stock market day.  Still, NNVC is up over three times since the beginning of 2020.

They infected some unfortunate rats with a coronavirus similar to COVID 19. Giving the little guy several different candidate medicines through his tail, they found that the best candidate resulted in an average body weight loss of only 8%. Losing weight is a proxy for how well the body is dealing with the virus.

These candidates performed better in this regard than Remdesivir which Gilead trumpeted a few weeks ago.


https://www.wsj.com/articles/PR-CO-20200521-908526  

Issuing more shares.....

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