Home Financial Markets Arca Biopharma Inc. (ABIO) stock surged during current market trading session. Here’s...

Arca Biopharma Inc. (ABIO) stock surged during current market trading session. Here’s what’s happening?

Arca Biopharma Inc. (NASDAQ: ABIO) stock gains by 2.59% in the current market trading session. ARCA biopharma is committed to using a precision medicine approach to drug production to create genetically tailored treatments for cardiovascular disorders. ARCA is working on rNAPc2 as a possible therapy for severe viral infections, using COVID-19 as the first target.

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Recent Development

ARCA biopharma has announced that it has signed a patent transfer agreement with Johannes Gutenberg University Mainz’s University Medical Center. ARCA will obtain unique world-wide patent rights to the use of rNAPc2 as a possible therapy for COVID-19 and other signs, based on the studies and findings from the laboratory of Univ.-Prof. Dr. Wolfram Ruf, Scientific Director, and Alexander von Humboldt Professor at the University Medical Center Mainz’s Center for Thrombosis and Hemostasis (CTH).

ARCA is developing rNAPc2, a recombinant protein therapy, as a possible treatment for COVID-19 and other severe viral infections. ASPEN-COVID-19 is a Phase 2b clinical trial that is testing rNAPc2 as a possible therapy for COVID-19 patients. The research of rNAPc2 as a possible COVID-19 therapy has been recognized as a Fast Track development program by the US Food and Drug Administration (FDA).

>> 7 Top Picks for the Post-Pandemic Economy << 

Dr. Michael Bristow, ARCA’s President, and CEO stated,

ABIO is excited to continue working with Dr. Ruf and the researchers at the University Medical Center Mainz to further the development of rNAPc2 as a possible therapy for COVID-19 patients. Despite the existence of vaccinations and the discovery of various variations, individuals worldwide are still suffering from severe COVID-19 infections that necessitate hospitalization. They think that rNAPc2’s anticoagulant, anti-inflammatory, and antiviral characteristics make it a good candidate for treating COVID-19’s effects across several pathways.

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