- Analysts at Aegis Capital Corp. continue to recommend shares of the company with a Buy rating and a $70 target price
- Data from pre-clinical trial indicate that BiondVax’s NanoAb may effectively serve as both a therapeutic and protective prophylactic drug, further enhancing its value proposition
- BVXV reiterated further NanoAb development beginning with NanoAbs targeting immune system cytokines such as IL-17 as drug candidates for the potential treatment of psoriasis and psoriatic arthritis
- BiondVax aims to optimize the use of assets and generate additional revenues by offering its drug development services and cGMP manufacturing capabilities to others
BiondVax Pharmaceuticals (NASDAQ: BVXV), an innovative biotechnology company developing unique NanoAb immunotherapeutic products for the treatment of infectious disease and large market autoimmune disorders, recently published the financial results for the three months ended March 31, 2023 – Q1 2023 – and provided a business update (https://ibn.fm/GBZmz).
The Q1 2023 results were in line with analysts’ expectations. R&D expenses increased about $800k from Q1 2022 which BiondVax attributed to the initiation and ramp-up of R&D activities for its innovative nanosized VHH antibody (“NanoAb”) platform. In particular, the company finalized a preclinical…
NOTE TO INVESTORS: The latest news and updates relating to BVXV are available in the company’s newsroom at https://ibn.fm/BVXV
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