financetom
Business
financetom
/
Business
/
Redhill Biopharma Awarded China Patent for Investigational Ebola Drug Opaganib
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Redhill Biopharma Awarded China Patent for Investigational Ebola Drug Opaganib
May 6, 2024 4:55 AM

07:43 AM EDT, 05/06/2024 (MT Newswires) -- Redhill Biopharma ( RDHL ) said Monday it was awarded a new patent in China for investigational drug opaganib as a therapy to inhibit single-stranded RNA virus replication, notably Ebola virus disease.

The patent, issued by the Chinese National Intellectual Property Administration, is valid through 2035, according to Redhill.

The company said opaganib is an investigational host-directed and potentially broad-acting drug that targets multiple diseases, including gastrointestinal acute radiation syndrome, COVID-19 as well as other viruses, and bile duct cancer.

RedHill Chief Business Officer Guy Goldberg said the new patent is the "first China patent in the Ebola patent family."

Redhill shares were more than 5% higher in recent premarket activity Monday.

Price: 0.4731, Change: +0.02, Percent Change: +5.16

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
'Are You New to Earth', What Will Trump Do With DJT Shares; Thecompoundnews.com Goes There
'Are You New to Earth', What Will Trump Do With DJT Shares; Thecompoundnews.com Goes There
Apr 3, 2024
08:03 AM EDT, 04/03/2024 (MT Newswires) -- On the latest opening of trading in shares of Trump Media & Technology Group ( DJT ) . The question for thecompoundnews.com podcast Tuesday night was, Will (Donald) Trump sell some of his stock to finance his campaign. Josh Brown says, What are you new to earth? No one is going to take...
Lightspeed to cut 280 jobs as it looks to turn profitable
Lightspeed to cut 280 jobs as it looks to turn profitable
Apr 3, 2024
April 3 (Reuters) - Canadian payments firm Lightspeed Commerce ( LSPD ) will cut about 280 jobs as part of a larger reorganization and cost-reduction plan, it said on Wednesday. Job cuts have been casting a shadow over major sectors in early 2024, as a high interest rate environment and shaky economy have taken their toll. Lightspeed's move will help...
Oil Stocks Get the 'Buy It' Treatment from Josh Brown on Thecompoundnews.com
Oil Stocks Get the 'Buy It' Treatment from Josh Brown on Thecompoundnews.com
Apr 3, 2024
08:00 AM EDT, 04/03/2024 (MT Newswires) -- Josh Brown of thecompoundnews.com was bullish on oil and gas stocks on Tuesday's podcast. Brown likes ConocoPhillips ( COP ) . Brown thinks COP is going to challenge the late 2022 high, and says she's going to punch through. He says it's going to $150. On Phillips 66 (PSX), Brown says, Buy it!....
Blackstone to invest $2 bln a year in India
Blackstone to invest $2 bln a year in India
Apr 3, 2024
MUMBAI, April 3 (Reuters) - Blackstone will invest at least $2 billion a year in India for the next five years, a top company executive said, citing the country's fast-growing economy and booming capital markets. The U.S investment firm counts India among its top markets, and its third biggest by equity investments with a current holding of $30 billion. It...
Copyright 2023-2026 - www.financetom.com All Rights Reserved