📉 Nikkei is down nearly 5% -> here are 43 recession-proof Japanese stocks from our screenerUnlock Now

MGC Pharma study underlines the broader potential of its plant-based Covid treatment

Published 07/03/2023, 07:00 pm
Updated 07/03/2023, 07:30 pm
© Reuters.  MGC Pharma study underlines the broader potential of its plant-based Covid treatment

MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) said a recently completed lab-based evaluation of lead asset CimetrA has demonstrated the treatment's potential efficacy in an array of inflammatory diseases – and not just Covid.

The assessment, conducted at the GLP-Certified Science in Action Lab in Ness Ziona, Israel, found the plant-based drug inhibits mRNA expression and secretion of IL-32 proteins, leading to the suppression of inflammation and inflammatory cytokines.

It also showed that CimetrA increases intracellular HO-1 antioxidant activity in cells, protecting against oxidative stress.

The findings indicate that it has the potential to be extended beyond Covid treatment to the entire anti-inflammatory market, MGC said.

Importantly, the data will enable the company to expand the trials in future to show its efficacy against further indications.

Indeed, the results will form part of the US Food and Drug Administration's application to register CimetrA as an investigational new drug.

MGC managing director Roby Zomer said it means its asset can become “more than just seasonal hype treatment but as long-term treatment offering".

"The data from this study provides critical confirmation in the pathway to drug development and means that we can further target the specific biological functions in our formulation,” he added in a statement.

CimetrA is a natural phyto medicine based on curcumin and Boswellia serrata and has shown effectiveness in stopping cytokine storms in Covid patients.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.