Emergent (EBS) Begins Development Of Treatments For COVID-19
Zacks Investment Research | Mar 11, 2020 11:54PM ET
Emergent BioSolutions Inc. (NYSE:EBS) announced that it has initiated the development of two product candidates for the treatment and prevention of the novel coronavirus disease, COVID-19. The company is developing the two candidates, leveraging its hyperimmune platforms, which have a well-established safety database.
Per the company, the hyperimmunes are polyclonal antibody therapies derived from plasma that leverage the immune response in humans or animals and can provide immediate protection from infection.
Notably, human polyclonal hyperimmune with antibodies targeting SARS-CoV-2, the virus that causes COVID-19 disease (COVID-HIG), is being developed as a potential treatment for severe hospitalized patients and protection for individuals who are at high risk of contracting the disease. Meanwhile, equine-derived polyclonal hyperimmune with antibodies to SARS-CoV-2 (COVID-EIG) is being developed as a potential treatment for severe hospitalized patients.
Importantly, Emergent already started collecting plasma for both human and equine platforms and has set a target of manufacturing clinical material within the next four-five months. The company plans to begin a clinical study in the third quarter of 2020.
Shares of Emergent have inched up 1.8% in the past year against the Zacks Investment Research
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