BIT 0.00% 5.4¢ biotron limited

Ann: Quarterly Activities Report, page-2

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    During the quarter ended 31 March 2020, Biotron Limited (‘Biotron’ or ‘the Company’) has achieved
    outcomes including:
     Expanding its antiviral screening program to include SARS-CoV-2, the causative agent of
    Covid-19.
     Presentation of new data from the BIT225-009 Phase 2 HIV-1 clinical trial at an international
    HIV-1 conference in March 2020.
     Receipt of $753,026 under the R&D Tax Incentive scheme.
    SARS-CoV-2
    As announced on 6 February 2020, during the quarter, Biotron commenced testing compounds from
    its proprietary small molecule compound library for antiviral activity against SARS-CoV-2, the
    causative agent of the Covid-19 outbreak.
    Biotron has had a long interest in coronaviruses and its scientists were the first to identify and publish
    data showing that the E protein of the coronavirus is a viroporin and a good target for antiviral drugs.
    Biotron has compounds within its library that have previously demonstrated good antiviral activity
    against a range of coronaviruses, including human coronaviruses that cause mild, cold-like symptoms
    as well as the coronavirus that was responsible for the outbreak of the SARS virus in 2003.
    Importantly, several compounds have broad-spectrum activity against multiple strains of
    coronaviruses.
    Biotron continues to work with groups within Australia and overseas to assess whether its compounds
    can inhibit growth of the new SARS-CoV-2 coronavirus. This work is being done in a careful
    methodical, scientifically robust manner which is not a fast process.
 
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