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The latest update is out from Island Pharmaceuticals Ltd ( (AU:ILA) ).
Island Pharmaceuticals Ltd announced successful results from its Phase 2a/b clinical trial using ISLA-101 for dengue fever, showing a significant reduction in viral load and symptoms. The company also secured an asset purchase agreement for the Galidesivir antiviral program, aiming to fast-track its development for Marburg virus applications. These developments, along with a strengthened balance sheet and a detailed works program, are expected to enhance Island’s dual asset development strategy and industry positioning.
More about Island Pharmaceuticals Ltd
Island Pharmaceuticals Ltd is an Australian antiviral drug development company focused on creating treatments for viral infections. The company is actively involved in the development of antiviral drugs, with a significant emphasis on dengue fever and other viral diseases, leveraging its expertise to advance its pipeline and strengthen its market position.
Average Trading Volume: 611,037
Technical Sentiment Signal: Buy
Current Market Cap: A$39.56M
For an in-depth examination of ILA stock, go to TipRanks’ Overview page.