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The latest announcement is out from Island Pharmaceuticals Ltd ( (AU:ILA) ).
Island Pharmaceuticals Ltd has completed the acquisition of the Galidesivir antiviral program from BioCryst Pharmaceuticals, aiming to expedite its FDA approval using the Animal Rule for fast-tracking. The acquisition is part of Island’s strategy to position Galidesivir as a critical countermeasure against viral threats like Marburg and Ebola, supported by strong historical data showing high survival rates in non-human primates. The company is also negotiating strategic partnerships for upcoming animal studies and has secured additional funding through shareholder support, enhancing its financial flexibility for near-term projects.
More about Island Pharmaceuticals Ltd
Island Pharmaceuticals Ltd is an Australian antiviral drug development company focused on creating treatments for high-priority viral threats. The company is engaged in expanding its pipeline with a focus on antiviral drugs that can be included in government stockpiles.
Average Trading Volume: 653,414
Technical Sentiment Signal: Buy
Current Market Cap: A$96.5M
See more insights into ILA stock on TipRanks’ Stock Analysis page.