Algernon Pharmaceuticals Inc. C.AGN

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[Triggertwo]

[Christopher J Moreau: That’s right. This drug has been developed in the 1970’s by Sanofi and it’s treating neurological conditions in Japan. Vertigo, depression, it’s been investigated for alcohol addiction and there are two very successful repurposing stories and one of them is a drug called Tecfidera. This was a post World War two drug in Germany developed for psoriasis. People that were taking the drug that had MS were telling their physicians that their symptoms were being alleviated enough of the patients reported that they investigated it and now it is a billion-dollar drug for Biogen, Tecfidera. The second example is the Thalidomide, this was a drug developed in the early 1960’s for women who had pre nausea morning sickness and it caused terrible birth defects. But of late, last few years, it’s been investigated as an anti-tumor drug for cancer and it’s a billion-dollar drug for Celgene. So we’re following that same path –  finding older safe drugs and seeing if we can find new uses for them and now we can move them quite quickly into human trials]
https://midasletter.com/2020/04/ifenprodil-the-specialized-drug-treating-coronavirus/