Market Overview

London-Based Tiziana Life Sciences Rallies On Development Of Potential COVID-19 Treatment

Share:
London-Based Tiziana Life Sciences Rallies On Development Of Potential COVID-19 Treatment

Tiziana Life Sciences PLC (NASDAQ: TLSA) shares were advancing strongly Wednesday following an announcement by the company regarding plans to develop one of its pipeline assets for treating COVID-19. 

The London-based micro-cap biotech, which focuses on developing therapies for inflammatory and autoimmune disorders, said it is developing TZLS-501 as a potential treatment for patients infected with the coronavirus who are at risk of respiratory failure.

Tiziana also said it is expediting development of TZLS-501 with Swiss biotech Novimmune, from which it licensed the asset in 2017.

TZLS-501 is a fully human anti IL-6R monoclonal antibody, and treatment with the investigational asset has shown a rapid depletion of circulating levels of IL-6 in the blood, according to Tiziana. 

"An excessive production of IL-6 is regarded as a key driver of chronic inflammation and is believed to be associated with severe lung damage observed with COVID-19 infections and acute respiratory illness," according to the company. 

"We are excited to move forward with our clinical development plan to expedite evaluation in patients as soon as possible," Dr. Kunwar Shailubhai, Tiziana's CEO and CSO, said in a statement.

Tiziana shares were advancing 112.25% to $4.29 at the time of publication Wednesday. 

Related Links:

The Daily Biotech Pulse: NY State Endorses Mallinckrodt's Opioid Settlement, Kamada To Work On COVID-19 Treatment

How Close Are Biotechs To Bringing A COVID-19 Treatment To Market?

 

Related Articles (TLSA)

View Comments and Join the Discussion!

Posted-In: Coronavirus Covid-19 NovimmuneBiotech News Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com