Shares of NanoViricides Inc.
NNVC,
jumped 41.8% in premarket trading on Thursday after the company said it began developing a monkeypox treatment. There are currently no approved or authorized therapies for monkeypox, though the Food and Drug Administration said last month that it’s allowing prescriptions of the antiviral Tpoxx through a compassionate-use pathway. Tpoxx is made by Siga Technologies Inc.
SIGA,
NanoViricides’ stock has slid 33.8% so far this year, while the broader S&P 500
SPX,
is down 12.8%.
Source: https://www.marketwatch.com/story/nanoviricides-shares-soar-41-after-announcing-plans-to-develop-a-monkeypox-treatment-2022-08-04?siteid=yhoof2&yptr=yahoo