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LON:SNG
Synairgen PLC is a UK-based respiratory company focused on drug discovery and the development of SNG001 (inhaled interferon beta) as potentially the first host-targeted, broad-spectrum antiviral treatment delivered directly into the lungs for severe viral lung infections.
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A glance at some of the day's highlights from the Proactive Investors newswire
People who received SNG001, an inhaled formulation of interferon beta, had a 79% lower risk of developing the severe disease compared to those given the placebo, the data revealed
Sufferers will receive the inhaled medication in their homes rather than at hospital
Synairgen said a successful outcome for the trial would provide valuable information for the continued development of SNG001, an inhaled formulation of interferon-beta-1a, or coronavirus patients
The idea is to treat sufferers earlier in the illness – within three days of developing symptoms
The aim of the extension is to dose patients with the treatment earlier in the infection cycle before severe lower respiratory tract symptoms develop
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The company revealed on March 31 that the first patient was dosed in the double-blind, placebo-controlled trial at the University Hospital Southampton NHS Foundation Trust.
"We are delighted to get this trial underway with the dosing of the first patient," said Richard Marsden, the chief executive officer of Synairgen
The funding took place via firm and conditional placings carried out on Wednesday through a bookbuild by broker finnCap
Markets are pausing for breath, trying to work out what's coming next
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SNG001 is an inhaled formulation of interferon-beta-1a and is currently being developed to treat people with chronic obstructive pulmonary disease
All are in one way or another working on drugs either to help cure lung disease or alleviate the symptoms.
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"The company has made good progress on its inhaled broad-spectrum antiviral candidate IFN-beta, designed to treat viral chest infections in patients with COPD."
The company’s chief scientific officer, Dr Phillip Monk, will deliver the update on Sunday (Sept 29) to the European Respiratory Society International Congress being held in Madrid
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A glance at some of the day's highlights from the Proactive Investors newswire
The company is trialling an inhaled interferon beta treatment in lung disease patients who are also suffering from either a cold or flu