Moleculin Biotech Doubles In Pre-Market Trading On Potential Covid-19 Treatment

Moleculin Biotech (MBRX) today announced that 2-deoxy-D-glucose (“2-DG”) reduced the virus that causes COVID-19 by 100% in in vitro testing, according to independent research. On the news shares surged 155% in pre-market trading from $0.56 to $0.85.Researchers at the University of Frankfurt disclosed the findings in their article submitted to NatureResearch on March 11, 2020. The authors of the research reported that inhibiting glycolysis with non-toxic concentrations of 2-DG completely prevented SARS-CoV–2 replication in Caco–2 cells.Moleculin’s drug candidate, WP1122, is referred to as a “prodrug” of 2-DG as chemical elements are added to 2-DG to improve its delivery in vivo.“This …read more

Source:: Yahoo Finance

      

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.