Tiziana goes stratospheric on plans to develop a MAb for lung damage in COVID-19 patients
Shares of UK biotech Tiziana Life Sciences (Nasdaq: AIM: TILS) went ballistic this morning, after the company revealed that it is expediting development of TZLS-501, a novel, fully-human anti-interleukin-6 receptor (anti-IL6R) monoclonal antibody (MAb) for treatment of patients infected with coronavirus COVID-19 (SARS-CoV-2).
Tiziana plans to administer TZLS-501 using a proprietary formulation technology. The company entered into a world-wide license for composition-of-matter of TZLS-501, a fully human MAb targeting IL-6R, with privately-held Swiss biotech Novimmune in 2017.
Tiziana’s shares were up nearly 300% at 126.00 pence mid-morning, having hit 140.00 pence earlier,
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