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Algernon Pharmaceuticals' drug identified by University of Texas as possible coronavirus treatment

Published: 12:54 23 Jul 2020 EDT

Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) CEO Christopher Moreau tells Proactive an independent research study by the University of Texas at Dallas has identified its drug Ifenprodil as one of several possible drug candidates to treat the coronavirus disease.

Moreau, who will be speaking directly to investors at Proactive's One2One Investor Conference on July 28th at 1pm EST, says the company’s announcement of the study comes as it plans to launch a multinational Phase 2b/3 human trial of Ifenprodil as a potential therapeutic treatment for COVID-19 sufferers.

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