Virpax Pharmaceuticals Recaps Milestones and Highlights Product Portfolio

CANNANNEW REPORT

BERWYN, Pa.–(BUSINESS WIRE)–#pharma–Virpax® Pharmaceuticals, Inc. (“Virpax” or the “Company”) (NASDAQ:VRPX) achieved significant milestones relating to its pipeline of product candidates as of the end of 2021, which are summarized below. “I believe that Virpax has made significant progress this past year toward our stated goals,” commented Anthony P. Mack, Chairman and CEO of Virpax. “These accomplishments include accelerated development of our existing product candidates, broadening our pipeline of product candidates, and utilizing grants where appropriate. We recently announced that we anticipate commencing our initial human trial for Epoladerm™ in the second quarter of 2022. “Virpax initially focused strictly on pain product candidates. However, our unique Molecular Envelope Technology (‘MET’) delivery platform licensed from Nanomerics, Ltd. (‘Nanomerics’) has enabled the development of product candidates for central nervous system (‘CNS’) and anti-viral indications. In the second half of 2021, we advanced the development of AnQlar™, a prophylactic, over-the-counter (‘OTC’) anti-viral product candidate formulated to prevent the spread of respiratory infections like influenza, SARS-CoV-2 and rhinovirus. We added VRP324 which is an intranasally delivered cannabidiol (‘CBD’) formulation for the management of epilepsy in adults and children. Our Envelta™ IND-enabling studies, completed by the National Center for Advancing Translational Sciences (‘NCATS’) as a part of our Cooperative Research and Development Agreement (‘CRADA’), determined that the MET intranasal delivery formulation bypasses the liver which we believe reduces drug-to-drug interaction concerns for treatments using this technology. “On the corporate front, we strengthened our Board by appointing two new members adding expertise in commercialization and financial strategy. Additionally, in 2021 we raised approximately $58 million in aggregate gross proceeds from our initial public offering and an underwritten follow-on public offering. These funds are being used for research and development activities of our product candidates. We are on track to add accomplishments in 2022 and I remain confident…

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Source : Virpax Pharmaceuticals Recaps Milestones and Highlights Product Portfolio

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