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Wednesday, July 15, 2020

Atossa Therapeutics up 24% on encouraging COVID-19 nasal spray data

Atossa Therapeutics (ATOS +23.8%announces positive results from in vitro testing of AT-301, its proprietary COVID-19 nasal spray drug candidate.
Preliminary data showed that AT-301 inhibited SARS-CoV-2 infectivity of VERO cells in lab culture, the standard model for initial screening of COVID-19 drug candidates.
The company says AT-301 contains ingredients that can potentially block SARS-CoV-2 viral entry gene proteins in nasal epithelial cells by interfering with spike protein activation.
A Phase 1 clinical study is next up.
Atossa has filed provisional patent applications with the USPTO directed to the formulation, manufacturing, and methods of use of AT-301.

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