First Wave BioPharma Stock Jumps On Niclosamide's Favorable Safety Profile In COVID-19 Related GI Infections

  • The independent data monitoring committee (DMC) has recommended First Wave BioPharma Inc FWBI to continue enrollment in Part 2 of the RESERVOIR Phase 2 trial evaluating FW-COV for COVID-19-related gastrointestinal (GI) infections. 
  • FW-COV is a proprietary, oral tablet formulation of micronized niclosamide developed to remove SARS-CoV-2 from the GI tract.
  • The DMC recommendation was based on the safety data collected from the first 25 patients enrolled in Part 2 of the RESERVOIR trial. 
  • The review of the data uncovered no safety issues. Part 2 of the study will enroll up to 150 patients.
  • Price Action: FWBI shares are up 38.6% at $2.62 during the premarket session on the last check Tuesday.
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