Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
VENN LIFE SCIENCES HOLDINGS PLC NEX:VENN.GB NEX Ordinary Share GB00B9275X97
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -3.92% 12.25 11.50 14.00 12.75 11.56 12.75 253,612 16:30:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Open Orphan PLC Testing of anti-viral for treating COVID-19

23/04/2020 7:00am

UK Regulatory (RNS & others)


VENN LIFE SCIENCES (NEX:VENN.GB)
Historical Stock Chart


From Apr 2020 to Jul 2020

Click Here for more VENN LIFE SCIENCES Charts.

TIDMORPH

RNS Number : 5708K

Open Orphan PLC

23 April 2020

23 April 2020

Open Orphan plc

("Open Orphan" or the "Company")

Testing of anti-viral for treating COVID-19 underway

Open Orphan plc (ORPH) the rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services, is pleased to announce that its London-based subsidiary hVIVO has commenced the testing of an anti-viral for treating COVID-19 on behalf of its client Nearmedic International Ltd.

hVIVO has initiated work on this contract with Nearmedic International Ltd, a specialist pharmaceutical, biotechnological and medical business headquartered in Moscow, to test using hVIVO's virology expertise and laboratory capability an anti-viral drug with potential utility for treating SARS-CoV2 (COVID-19) infections. This drug has both potential anti-viral and anti-inflammatory activity and as such could reduce both virus infectivity and disease severity respectively.

hVIVO will be testing its utility against a panel of viruses to include influenza virus, "normal", circulating betacoronavirus and ultimately SARS-CoV2 (COVID-19).

Cathal Friel, Executive Chairman of Open Orphan, commented:

"We are very happy to be assisting in the battle against Covid-19 and are delighted to be working with Nearmedic International Ltd. hVIVO is a world leading provider of services to global vaccine and antiviral development companies and our scientists have considerable knowledge from previous anti-viral trials which gives us confidence in our testing. We look forward to updating the market on a regular basis in the weeks and months ahead."

For further information please contact:

 
 Open Orphan plc 
 Cathal Friel, Executive Chairman                           +353 (0)1 644 0007 
 Trevor Phillips, Chief Executive Officer                   +44 (0)20 7347 5350 
 Arden Partners plc (Nominated Adviser and Joint Broker)    +44 (0)20 7614 5900 
 John Llewellyn-Lloyd / Benjamin Cryer 
 Davy (Euronext Growth Adviser and Joint Broker)            +353 (0)1 679 6363 
 Anthony Farrell 
 Camarco (Financial PR)                                     +44 (0)20 3757 4980 
 Tom Huddart / Daniel Sherwen 
 

Notes to Editors:

Open Orphan is a rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services and viral laboratory services. It has Europe's only 24-bedroom quarantine clinic with onsite virology lab in Queen Mary's Hospital London. hVIVO supports product development for customers developing antivirals, vaccines and respiratory therapeutics, all particularly relevant and topical in the environment of heightened awareness of Covid-19 in 2020. The Company also has a leading portfolio of 8 viral challenge study models which are: 2 FLU, 2 RSV, 1 HRV, 1 Asthma, 1 cough and 1 COPD viral challenge models. As announced in early March, Open Orphan is rapidly advancing a Coronavirus challenge study model and expects to be very active with many companies in the development of a Covid-19 vaccine. No other company in the world has such a portfolio, with only two competitors globally having 1 challenge study model each.

Open Orphan comprises of two commercial specialist CRO services businesses (Venn and hVIVO) and is developing an early stage orphan drug genomics data platform business. This platform captures valuable genetic data from patient populations with specific diseases with designated orphan drug status and incorporating AI tools. In June 2019, Open Orphan acquired AIM-listed Venn Life Sciences Holdings plc in a reverse take-over and in January 2020 it completed the merger with hVIVO plc. Venn, as an integrated drug development consultancy, offers CMC (c hemistry, manufacturing and controls) , preclinical, Phase I & II clinical trials design and execution. The merger with hVIVO created a European full pharma services company broadening the Company's customer base and with complementary specialist CRO services, widened the range of the Company's service offerings.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDEAELAADNEEAA

(END) Dow Jones Newswires

April 23, 2020 02:00 ET (06:00 GMT)

1 Year VENN LIFE SCIENCES Chart

1 Year VENN LIFE SCIENCES Chart

1 Month VENN LIFE SCIENCES Chart

1 Month VENN LIFE SCIENCES Chart
ADVFN Advertorial
Your Recent History
NEX
VENN.GB
VENN LIFE ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200703 20:27:11