HOW TO MAKE MONEY: Algernon Pharmaceuticals (CSE:AGN)(AGNPF)

HOW TO MAKE MONEY: Algernon Pharmaceuticals (CSE:AGN)(AGNPF) - RICH TV LIVE - MARCH 8, 2020 - Algernon Pharmaceuticals Inc. (CSE:AGN) (AGW.F) (AGNPF) (the “Company” or “Algernon”) a clinical stage pharmaceutical development company is pleased to announce that it will set aside some of its NP-120 (Ifenprodil) drug supply from its planned phase 2 study for idiopathic fibrosis and chronic cough, to make it available on a compassionate use basis, to physicians and their patients with the most serious cases of coronavirus.

The decision was made based on the results of an independent study of Ifenprodil which showed a 40% improvement in mortality and significantly reduced acute lung injury (ALI) in a recent H5N1 animal study. H5N1 is one of the most lethal form of influenza known with a 53% mortality rate.

Since Ifenprodil is an already approved drug with a known safety history, it can be safely administered to patients without additional pre-clinical testing.

“If we see a similar response in coronavirus patients as seen in the H5N1 animal study, a far more lethal form of influenza, we believe that patient outcomes should be significantly improved”, said Christopher J. Moreau, CEO of Algernon.

Algernon welcomes contact from health organizations and physicians globally to learn more about NP-120 (Ifenprodil).

Management’s belief that NP-120 (Ifenprodil) is a possible treatment for COVID-19, (coronavirus) is based on historic animal studies and not on human trials.

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