Put this to rest gentlemen - Last announcement below sort of covers this. BTW: it is good that BIT is now referring to it as a treatment and not a cure - I did miss that when It read it a while back. More realistic statement.
No one can tell how effective it is against Omicron - or indeed, whether different variants matter - and Omicron is really just a more contagious version of Delta - so maybe a moot argument until human trials are undertaken.
I also suspect that , any big players that would be interested in BIT225 would only do so after human trials. Not sure what time frame we are talking about though probably shorter due to it being a COVID trial.
As recently announced, BIT225 has demonstrated substantial and clinically meaningful efficacy
against SARS-CoV-2 in a series of animal and cell-based studies performed at The SCRIPPS
Research Institute, La Jolla, CA, USA. The drug protected animals infected with the virus from
developing severe disease.
The Company is in discussions with its USA advisors and consultants to expedite testing of BIT225
in a human trial for treatment of COVID-19. In parallel, Biotron is seeking non-equity funding to
accelerate progression into the clinic.
Biotron’s Managing Director, Dr. Michelle Miller said, “We are putting significant effort into
developing a robust path to expedite human trials of BIT225 for treatment of COVID-19. This
process involves coordination between the Company, international medical experts in the treatment
of COVID-19 and clinical trial design, regulatory authorities and funding agencies. The emergence
of the new Omicron variant highlights the urgent need for oral drugs to treat the infection and prevent
severe disease, especially in at-risk individuals. BIT225 has an established human safety profile and
has the potential to be an important first in class drug for COVID-19 treatment.”
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Biotron Share Price Competition Jan 1 2022, page-210
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