NRx Pharmaceuticals (NRXP) Stock Soars Over 20% Amid Announcing First Successful Commercial Formulation for ZYESAMI (Drug For Covid-19)

Just yesterday, NRx’s stock was at $10.11. However, today it is gaining momentum: the price is currently at $12.11, resulting in a 20% gain. The company announced today it has legalized the first commercial formulation of ZYESAMI™ for intravenous use, allowing for big volume manufacture, with an anticipated one or greater year stability, under required storage conditions.

 

At the same time, NRx has achieved a 30-to-50-fold rise in its manufactured lot size of aviptadil, with a concurrent 90% reduction in the cost of its peptide supply. These two developments allow NRx to potentially deliver millions of doses of ZYESAMI™ as potential regulatory approvals are obtained in regions worldwide.

As the Delta and more variants threatening, newer mutations of the Coronavirus continue to destroy the immunity created by first-generation vaccines, NRx is in active contact with national health departments regarding Emergency Use Authorization for ZYESAMI. The new formulation allows for immediate shipping internationally, upon potential EUA approval.

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