Geometry Dash APK Hill Climb Racing APK
47.1 F
New York
Friday, December 3, 2021

CytoDyn Inc (OTCMKTS:CYDY) Stock Hits 7-Month High on Registration News

Must read

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) Hitting on All Cylinders

Last year it was announced that Tesoro Enterprises, Inc. (OTCMKTS:TSNP) was going to be merged with fintech company HUMBL INC and since...

In the past year or so, many biotech companies have come into focus among investors due to their work on vaccines and treatments to tackle the coronavirus pandemic.

One such stock is that of the biotech company CytoDyn Inc (OTCMKTS:CYDY) and this week it is back in focus after a key announcement from the company on Monday.

Major Triggers

On Monday CytoDyn announced that it has chosen Chiral Pharma Corp with the task of registering its leronlimab coronavirus treatment product named Vyrologix in the Philippines.

The registration is going to be done under the provisions of a licensed physician’s request for Compassionate Special Permit (CSP). The treatment is going to be provided to patients for a fee.

It is a significant development for CytoDyn and the market recognized that as well. The stock soared on Monday after the announcement and delivered gains of as much as 29%. CytoDyn further noted that it is going to make as many as 100000 doses available to Chiral Pharma from its reserves for sales in the Philippines. However, that is not all.

The company also announced that it shared the results of several studies into Vyrologix as a treatment for COVID 19 patients with doctors, regulators and healthcare executives in the Philippines.

The sales of the product will start as soon as Chiral Pharma is able to get the CSP approval for it and it goes without saying that it could prove to be a major coup for CytoDyn. However, in addition to this news, there was another development with regards to the company that investors ought to keep in mind.

According to a filing at the Delaware Chancery Court this past week, the management and investors at CytoDyn agreed on a settlement with regards to a stockholder derivative lawsuit. It is another positive for the company and could even prove to be a boost for the stock as well.

Disclaimer: We hold no position in CYDY stock

Latest article

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service