Humanigen Inc (OTCMKTS: HGEN) is likely to head for the top in the market after the opening bell this morning. The company announced that the FDA has given the green light for it to move forward with a Phase III clinical trial of a potential COVID-19 treatment. Here’s what’s happening:
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HGEN Stock To Climb On Phase III COVID-19 Trial
In the press release, Humanigen said that the FDA has given it permission to move forward with a Phase III clinical trial. Through the trial, the company will assess lenzilumab as a potential treatment option for COVID-19 patients.
The copany said that patients will be enrolled in the trial that are COVID-19 positive and hospitalized as a result of pneumonia associated with the condition. Should all go well, lenzilumab will reduce the risk of respiratory failure and/or death in this patient population.
In a statement, Dr. Cameron Durrant, CEO at HGEN, had the following to offer:
We are working with some of the top centers and clinicians in the US, alongside our contract research organization partner, CTI, to bring lenzilumab rapidly through this clinical study which, if successful, may reduce serious and potentially fatal outcomes in patients hospitalized with COVID-19 and at high risk of progression.
Lenzilumab has demonstrated an excellent safety and tolerability profile in other disease settings, including severe asthma. As the only company that has been working on prevention of cytokine storm through GM-CSF neutralization for nearly three years, we have published extensively in this field and filed extensive IP. We plan to bring this experience to the COVID-19 setting and recruit patients into this Phase III study as quickly as possible.
This Is Incredible News
HGEN is in a very good spot at the moment. Ultimately, their treatment is designed to reduce the risk of cytokine storm, a COVID-19 related complication that leads to ARDS and death in many patients. In previous trials, the treatment has shown efficacy in the prevention of cytokine storm in cancer patients treated with CAR-T therapies. So, similar results are expected in this trial, and that’s big news.
Think about it, COVID-19 has changed the very shape of humanity as we know it. We used to reach out for communication and social activities. Now, we shun them. Our children used to go to school. Now, they study at home. We used to be able to go to the barber to get our hair cut, but that non-essential type of business has been shut down.
The bottom line is that as COVID-19 changes the very fabric of society, vaccines and treatments are in very high demand. These are our only tools that can eventually bring us back to a sense of normalcy, and Humanigen has one.
While there are a few companies working on treatments, HGEN is one of only a small handful that are ready and moving toward the clinic. As such, this is a stock that’s well worth watching.
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