Home Financial Markets Penny Stocks Let's discover why Enzlytics, Inc. (OTCPINK: ENZC) shares are having a rough...

Let’s discover why Enzlytics, Inc. (OTCPINK: ENZC) shares are having a rough go of it lately

Enzlytics, Inc. (OTC PINK:ENZC) plunged -8.13 to 0.659 at the yesterdays close. The Company Volume was 38,751,919in contrast with its Average Weekly volume of 69,140,550.

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About the Company

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According to the Company’s official website, A drug development firm, Enzolytics, Inc. is committed to developing and commercialising its proprietary proteins for treating debilitating infectious diseases.  Enzolytics is committed to creating quality medicines that will benefit humanity.

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Most Recent Highlights

  • February 1, 2021, Enzlytics, Inc. (OTC PINK:ENZC) announced it identified seven additional conserved, impermeable sites on the HIV virus, and is planning to produce targeted anti-HIV antibodies against those sites in the near future. One conserved site on the HIV virus is targeted by the Company’s primary anti-HIV monoclonal antibody in 98% of all the 87,336 HIV isolates that the Company has curated using AI. Additional conserved target sites have now been found against which anti-HIV monoclonal antibodies will be produced in the Institute for Preclinical Studies on the campus of Texas A&M University. Researchers and experts consider it crucial to produce multiple monoclonal antibodies that target multiple conserved sites in order to provide effective therapy. By administering a cocktail of antibodies targeting conserved and immutable sites, the desired effect is achieved.
  • January 19, 2021, The U.S. Patent and Trademark Office has received the official filing receipt from Enzolytics/ENZC, confirming the patent application for “Nuclear Proteins Isolated from Mammalian Spinal Cord Immune Factor, Pharma Composition for Treatment was funded for 1.2 million dollars in a third tranche.

Summary
Biotech companies are currently developing new medicines, making them an ideal investment for investors looking for a quick cure. As biotech companies rely on FDA approval when it comes to growth, investors interested in the market understand, it’s often a bit of a wait for companies to gain profits.

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