Pharmadrug (TSE:PHRX) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
PharmaDrug’s subsidiary Sairiyo Therapeutics has reported that cepharanthine, a component of their PD-001 drug, shows promise in binding to key proteins of the monkeypox virus, which could aid in the development of new treatments. The company is cautiously optimistic about PD-001’s potential as a multi-indication antiviral and is proceeding to Phase 1 clinical trials for its application in medical countermeasures and cancer, without claiming current efficacy in treating monkeypox.
For further insights into TSE:PHRX stock, check out TipRanks’ Stock Analysis page.