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Island Pharmaceuticals Ltd ( (AU:ILA) ) has issued an announcement.
Island Pharmaceuticals Ltd has announced the acquisition of the Galidesivir antiviral program from BioCryst Pharmaceuticals Inc. This strategic move, expedited by a thorough due diligence process, aims to enhance Island’s portfolio with a second asset known for its broad antiviral activity against viruses like Ebola and Marburg. The acquisition positions Island Pharmaceuticals to potentially leverage the FDA’s Animal Rule for regulatory approval, which could lead to significant market opportunities and access to a Priority Review Voucher, enhancing its standing in the antiviral drug development industry.
More about Island Pharmaceuticals Ltd
Island Pharmaceuticals Ltd is an Australian antiviral drug development company focused on creating treatments for RNA viruses. The company is known for its innovative approaches in addressing high unmet medical needs and national security threats through its antiviral programs.
Average Trading Volume: 475,480
Technical Sentiment Signal: Hold
Current Market Cap: A$34.23M
For an in-depth examination of ILA stock, go to TipRanks’ Overview page.