January 21st, 2006
New Drug from Avi BioPharma
Avi BioPharma, a small biotech company based in Portland, Oregon, has announced that three independent laboratories have confirmed that its new drug, Neugene, appears effective in fighting H5N1 flu. The company now plans to file with the Food and Drug Administration to begin human clinical trials. Shares in Avi BioPharma rocketed 50% on the news.
shares rocketed 50% on the news.
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