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Hoth Therapeutics Stock Rallies As Lead Peptide Candidate Shows Encouraging Preclinical Antiviral Activity Against COVID-19

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  • Hoth Therapeutics Inc (NASDAQ: HOTH) soars after reporting new in vitro data for its lead peptide candidate for HT-002 to treat COVID-19.
  • Data showed that HT-002 inhibited 50% of the cytopathic effect (CPE) of the SARS-CoV-2 virus at 61.7 µM (the EC50). No cytotoxicity was demonstrated at concentrations of up to 200 µM of the peptide.
  • Hoth plans to pursue further preclinical animal studies to support the lead peptide's therapeutic potential and investigate the route of administration.
  • Price Action: HOTH shares are trading higher by 55% at $3.42 in premarket trading on the last check Tuesday.
 

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