Day Traders Tag icon

×
WEST LAFAYETTE, Ind., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Eradivir, a preclinical biotech company that develops antiviral therapeutics, has completed a $10.25 million Series A funding round. The funding will be used to conduct a Phase 2a challenge study of its EV25 influenza treatment.CEO Martin Low said EV25 consistently outperforms the current standard of care for influenza in preclinical models."Within 24 hours of taking EV25, the amount of live virus present in preclinical models was reduced to nondetectable amounts," he said. "The Phase 2a and Phase 2b trials will collectively demonstrate EV25's safety and efficacy in humans, starting with proof of concept and culminating in a real-world setting."EV25 was built on a platform created by Philip Low, the Presidential Scholar for Drug Discovery and the Ralph C. Corley Distinguished Professor of Chemistry in Purdue University's College of Science. Low is part of Purdue's One Health initiative, which advances the university strengths in human, animal, plant and environmental health. He also is on the faculty of the Purdue Institute for Drug Discovery and the Purdue Institute for Cancer Research. Philip Low is Eradivir's chief scientific officer and on its board of directors.Philip Low disclosed the immunological innovations to the 


In The news