WH recently announced that its expanding monkeypox vaccination efforts. The infection seems to be slowed down in some major cities like New York and Chicago. However, cases seem to be popping in other parts of the country. Greenwood District 50 Schools revised its statement released Wednesday night to classify the incident as a "potential case of moneypox," after a request from the South Carolina Department of Health and Environmental Control. DHEC has not identified the individual. On July 29 New York State governor, Kathy Hochul, declared the monkeypox outbreak a state emergency. On August 2, president Joe Biden named two federal officials, Bob Fenton and Dr. Daskalakis to lead and accelerate the U.S. government's response against monkeypox.
Many of the world's leading healthcare providers such as Pfizer Inc. (NYSE:PFE), Johnson & Johnson (NYSE:JNJ), and Merck & Co., Inc. (NYSE:MRK) seem to still devote their research and development efforts to battle the COVID-19 pandemic instead of addressing the alarming monkeypox situation.
Let’s take a look at some of the biotech companies that seems to be ahead in the race to Monkeypox vaccine development.
Virax Biolabs Group Ltd (NASDAQ:VRAX) began listing its common shares on the Nasdaq Capital Market on July 21, 2022. VRAX claims itself to be an innovative biotechnology company focused on the prevention, detection, and diagnosis of viral diseases. Chairman of the Board and Chief Executive Officer, James Foster rang the Nasdaq Stock Market closing bell on Thursday, August 18, 2022. Virax Biolabs Group Limited is currently developing a proprietary T-Cell Test technology with the intention of providing an immunology profiling platform that assesses each individual's immune risk profile against major global viral threats. T-Cell testing is particularly effective in the diagnosis and therapeutics of COVID-19 as well as other threats including Monkeypox, Hepatitis B, Malaria, Herpes.
GeoVax Labs, Inc. (NASDAQ:GOVX) is a clinical-stage biotechnology company that develops human vaccines and immunotherapies against infectious diseases and cancers. On August 3, GeoVax Labs, Inc. (NASDAQ:GOVX) reported that it has begun an animal study to evaluate a Phase 1 clinical trial for its MVA-VLP-MUC1 immunotherapy candidate. The company reported that its MVA-based vaccines, particularly the company's GEO-CM04S1, are effective against monkeypox. GeoVax Labs, Inc. (NASDAQ:GOVX) said that it is currently evaluating the GEO-CM04S1 and its effectiveness against monkeypox and said that it expects the vaccine to be able to treat both COVID-19 and monkeypox.
Applied DNA Sciences, Inc. (NASDAQ:APDN) develops and markets DNA-based technology solutions for use in nucleic acid-based vitro diagnostics and preclinical nucleic-acid-based drug development and manufacturing markets. The company is a leader in polymerase chain reaction technologies and on August 2, announced that it has initiated analytical validation of its PCR-based monkeypox virus test that is mapped onto the genetic signature of the monkeypox virus. As of August 5, Applied DNA Sciences, Inc. (NASDAQ:APDN) has surged 73.51% over the past six months.
On July 28, Tonix Pharmaceuticals Holdings Corp. (NASDAQ:TNXP) announced that it will be working with the Kenya Medical Research Institute to seek regulatory approval for and conduct a Phase 1 clinical study in Kenya to develop TNX-801 as a vaccine to protect against monkeypox and smallpox. The study is expected to commence in the first half of 2023.
It would be interesting to see how the market reacts to rising monkeypox cases around the world and USA. Signup at InvestorBrandMedia.com for more news and small cap stock alerts.
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