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Tetra Bio Pharma Inc estimates its ARDS-003 therapy to generate $500 million by 2026

Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1) CEO Guy Chamberland tells Proactive he estimates its therapy ARDS-003 to generate potential revenues from royalties on net sales, milestone and upfront payments of over US$500 million by 2026.

Chamberland says the investigational new drug is designed to dampen the so-called "cytokine storm" and prevent the development of Acute Respiratory Distress Syndrome (ARDS), the life-threatening condition seen in serious coronavirus (COVID-19) cases.

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Price: 0.195 CAD

TSX:TBP
Market: TSX
Market Cap: $54.96 m
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on 16/12/20

2 min read