CytoDyn Inc (OTCPK:CYDY)
$ 0.1351 -0.00065 (-0.48%) Market Cap: 143.01 Mil Enterprise Value: 172.09 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 32/100
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Cytodyn Inc Plans on Moving Forward With COVID-19 Trial Transcript

Apr 13, 2020 / NTS GMT
Release Date Price: $2.82 (-2.09%)
Nader Pourhassan
CytoDyn Inc. - President & CEO

(technical difficulty) our product, leronlimab, which was referred to as PRO 140 in past publication, has done very nicely in the clinical trial for HIV combination therapy. So the mechanism of action is it binds to CCR5. Now people with COVID-19 die because of cytokine storm, which all have CCR5, same receptor that we bind to stop HIV.

We have done over 840 patients with zero serious adverse events attributed to the drug. So being a product that has hardly any toxicity or side effect, that was a very big start for us with the FDA when we say that our scientists believe we can stop cytokine storm, which that's the reason people die because of ARDS, acute respiratory distress syndrome.

So when the doctor from New York believed in this product and they gave it to some patients immediately, he wanted to give to extra patients after the first two -- the first four -- two of them extubated. One of the patients was alert immediately and extubated himself, got out of the ventilator, got out of ICU. Then he wanted to give to more patients.

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