NetworkNewsBreaks – NanoViricides Inc. (NYSE Ame

NetworkNewsBreaks – NanoViricides Inc. (NYSE American: NNVC) Announces Execution of MoU Agreement with TheraCour Pharma

NanoViricides (NYSE American: NNVC), a development-stage company that is creating special purpose nanomaterials for antiviral therapy, today announced that it has executed a broad Memorandum of Understanding (“MoU”) agreement with TheraCour Pharma Inc., an R&D firm, signed on September 23, 2024. As a result, the company has now obtained a right of first refusal (“ROFR”) for all antiviral drug developments from TheraCour. According to the announcement, the MoU encompasses all antiviral drug developments and is a crucial step that provides NanoViricides with certain intellectual property rights for developing treatments against any viral infections.

The announcement noted that the MoU enables NanoViricides to quickly and easily discover an increasing number of antiviral indications of NV-387, its lead broad-spectrum drug, and add them to its portfolio of drugs in its development pipeline. In addition, the agreement expands the company’s ability to opportunistically and rapidly develop certain “Trojan Horse” nanoviricide drugs to treat viral infections of public importance. The MoU also codifies how NanoViricides and TheraCour negotiate licenses to specific antiviral fields.

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