BPTS Up 73.13% After Study
Shows 44% Reduction In Risk
Of Respiratory Failure In
Severe Covid 19 Patients.
Biophytis (NASDAQ:BPTS) saw a huge close up 73.13% today after releasing pre-market news showing positive final results of the phase 2-3 COVA study with Sarconeos (BIO101) in severe COVID-19 patients. The results of the study showed a 44% significant reduction in the risk of respiratory failure or early death in severe covid-19 patients. The company is now filing for early access programs to Sarconeos (BIO101) while preparing for authorization to market the treatment in Europe and Asia.
The news of the results of this trial is massive, especially for a penny stock and in our opinion is likely to bring further attention to the company especially due to the fact that covid is once again seeing a period of massive resurgence that will require greater need for remedies to reduce risk to severe covid-19 patients.
While we generally do not often cover medical companies due to their not being our area of expertise, knowing that this company has made such a breakthrough with Covid-19 being that this could save lives and it also of course being a penny stock, made us feel compelled to report on it. The companies website with further information dealing with this study and other initiatives being tackled by the company can be viewed here: https://www.biophytis.com/en/.
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Due to the massive resurgence in covid cases we suggest keeping an eye on this company and other related stocks, just as we have been pushing to keep an eye on AI related companies, especially seeing as how the two industries are in the midst of seeing major overlap.