Today Revive Therapeutics | RVV RVVTF had its biggest day in its history with more than 29 million shares traded and a 50% increase. During the day, the stock even had a more than 77% increase. The majority of companies linked to the psychedelics market have experienced strong growth today and companies like Mindmed (MMED) have even seriously approached the 2 billion market value.
But Revive Therapeutics is about to have the first results of its largest study, the FDA Phase 3 Clinical Trial for Bucillamine in COVID-19. The company estimated that over 200 patients will have completed the Study for the interim analysis by the end of December 2020.
But on December 08, 2020, a study was published titled:
Binding of SARS-CoV-2 spike protein to ACE2 is disabled by thiol-based drugs; evidence from in vitro SARS-CoV-2 infection studies.
In this study, they found that thiol-based drugs decrease binding of SARS-CoV-2 spike protein to its receptor, decrease the entry efficiency of SARS-CoV-2 spike pseudotyped virus, and inhibit SARS-CoV-2 live virus infection. Their findings uncover a vulnerability of SARS-CoV-2 to thiol-based drugs and provide rationale to test thiol-based drugs as novel treatments for COVID-19.
Bucillamine is among the 3 most effective and is therefore very promising for the result of the study to come in the coming weeks.
For more information visit the Revive Therapeutics website
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