BiondVax Pharmaceuticals (NASDAQ: BVXV), a biotech company focused on developing, manufacturing and commercializing innovative immunotherapeutic products primarily for the treatment of infectious and autoimmune diseases, is the subject of an updated report released from Aegis Capital Corp. The update reflects the strong results from BVXV’s latest animal study indicating that anti-COVID-19 NanoAb can prevent infection. According to the report, BiondVax reported that in a continuation of the study, COVID-19 illness was virtually prevented in hamsters that received BiondVax’s inhaled NanoAb and infected three hours later with SARS-CoV-2. The report noted that data gathered from the preclinical trial show that BiondVax’s NanoAb has potential to serve as both a therapeutic and protective prophylactic drug, which further enhances its value proposition. This data becomes even more notable because studies show that individuals participating in the COVID vaccine is declining and the effectiveness of the vaccine diminishes over a short period of time. The anti-COVID NanoAb is inhaled, making it easy and convenient to self-administer; data gathered so far indicates that the treatment is safe and well tolerated; the company still needs to perform toxicity and safety studies before human clinical trials can be conducted. “Our previous price target of $7 did not reflect the recent revaluation of the company’s American Depository Shares,” the Aegis Capital Corp. report states. “Since there are now 10x less ADS outstanding, our price target is accordingly raised to $70.”
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About BiondVax Pharmaceuticals Ltd.
BiondVax Pharmaceuticals, a biotechnology company focused on developing, manufacturing and commercializing innovative immunotherapeutic products primarily for the treatment of infectious and autoimmune diseases. Since its inception, the company has executed eight clinical trials including a seven-country, 12,400-participant, phase 3 trial of its prior vaccine candidate; the company has also built a state-of-the-art manufacturing facility for biopharmaceutical products. With highly experienced pharmaceutical industry leadership, BiondVax is aiming to develop a pipeline of diversified and commercially viable products and platforms beginning with an innovative nanosized antibody (“NanoAb”) pipeline. For more information about the company, please visit www.BiondVax.com
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