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Algernon Pharmaceuticals Inc C.AGN

Alternate Symbol(s):  AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N-Dimethyltryptamine (DMT). The Company operates through two segments, which includes the development of repurposed therapeutic drugs in Canada and the facilitation of the Company’s lead drug candidates into off-label phase II clinical trials (humans) in Australia. The Company's pipeline includes NP-251 (Repirinast) and AP-188 (DMT). The Company, through its subsidiary, Algernon NeuroScience Inc., is developing AP-188 (DMT) as a potential treatment for stroke and traumatic brain injury (TBI) recovery. Its NP-251 is being developed as a potential treatment for kidney inflammation and fibrosis.


CSE:AGN - Post by User

Post by luvhorseson May 06, 2020 10:13pm
352 Views
Post# 30995915

AGN in the media...this was in a major newspaper in BC

AGN in the media...this was in a major newspaper in BC
Four B.C. organizations are among two dozen groups working in Canada to find a treatment for COVID-19, with millions in federal funding up for grabs.
According to Health Canada, the University of B.C., Algernon Pharmaceuticals Inc. and SaNOtize Research and Development Corp. are all authorized groups in the race for a treatment. While on Sunday the federal government announced that Vancouver-based AbCellera Biologics Inc. would receive $175.6 million to develop an antibody to treat COVID-19.
The company, one of the first in North America to receive a blood sample from a patient who had recovered from the coronavirus, has a three-month human trial set for July.
There is no treatment or vaccine available to people who contract COVID-19 and develop symptoms, but the federal government has set aside $1 billion to help find a vaccine and/or treatment for the disease that has killed 121 British Columbians, 4,043 Canadians and 257,000 people globally.
At UBC, there is an “Open Label Safety Study” on the inhalation of nitric oxide for adults with viral lung infections that include COVID-19. According to a study report, inhaled nitric oxide has been used before in patients with difficult lung infections.
“This study will provide more data to see if (nitric oxide) therapy can reduce the bacterial load in the lungs, help the patients breath better; and in the case of COVID-19 act as an antiviral agent resulting in the reduction of incidence of oxygen therapy, mechanical assistance of BIPAP (bi-level positive airway pressure), CPAP (continuous positive airway pressure), intubation and mechanical ventilation during the study period,” the report states.
Also working on nitric oxide is Vancouver biotech company SaNOtize Research and Development. SaNOtize has Health Canada Phase 2 approval to test a nitric oxide antiviral solution to prevent COVID-19 that would be used daily.
According to the company, “if our Phase (2) results confirm our earlier work, including the very encouraging results just received from the Antiviral Research Institute, we will be seeking emergency approval in Canada to proceed directly to Phase 4 introduction of our product to the market as part of the global fight against this deadly pandemic.”
Algernon Pharmaceuticals is repurposing the drug ifenprodil to treat the cytokine storm that sees a sudden inflammation of the lungs in some COVID-19 patients. The company says it has a “No Objection Letter” from Health Canada to proceed to Phase 2b/3 of the multinational clinical trial of the drug.
An Algernon share was worth nine cents March 5 and has since risen twice to 50 cents a share.
The federal government has also revealed plans to build a first-of-its-kind antibody manufacturing facility in Vancouver over the next four years.
Aside from the B.C. research, other Canadian groups are testing the drugs hydroxychloroquine (treatment); ribavirin (treatment by inhalation); ritonavir (prevention); remdesivir (treatment); colchicine (treatment); lopinavir (treatment); tocilizumab (treatment for severe pneumonia); peginterferon (antiviral treatment); sarilumab (treatment for severe lung inflammation); plus Vitamin C.
 
 

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