Bioxytran Receives Approval to Optimize Dosage in COVID-19 Patients

Rhea-AI Summary

Bioxytran, Inc. (BIXT) has received Investigational New Drug (IND) authorization from India's Central Drugs Standard Control Organization (CDSCO) to optimize dosage in COVID-19 patients. This approval paves the way for a future Phase III trial involving 408 patients, aimed at refining treatment strategies for COVID-19 and other viral diseases. Bioxytran focuses on developing oral and intravenous drugs targeting significant unmet medical needs, particularly with their leading drug candidate, ProLectin-M.

Positive

• Receipt of IND authorization from CDSCO for optimizing COVID-19 treatment dosage.
• Preparation for a Phase III trial involving 408 patients.

Negative

• None.

BOSTON, MASSACHUSETTS, Dec. 08, 2022 (GLOBE NEWSWIRE) -- BIOXYTRAN, INC. (BIXT), (the “Company”), a clinical stage biotechnology company developing oral and intravenous drugs to treat COVID-19 and other viral diseases, announced the receipt of an Investigational New Drug (IND) authorization letter from India’s Central Drugs Standard Control Organization (CDSCO) to optimize dosage in Covid-19 patients. The trial’s objective is to provide guidance for a 408 patient Phase III trial.

About Bioxytran, Inc.

Bioxytran, Inc. is a clinical stage biotechnology company developing novel therapies targeting the treatment of significant unmet medical needs in virology, degenerative disease, and hypoxia. The leading drug candidate, ProLectin-M, is a new class of antiviral drug designed to antagonize galectins implicated in inflammatory, fibrotic, and malignant diseases. Bioxytran’s other development programs are for pulmonary fibrosis and stroke treatment. More information can be found at www.bioxytraninc.com

Investor Relations
Michael Sheikh
509-991-0245
mike.sheikh@bioxytraninc.com

Forward-Looking Statements

This press release includes forward-looking statements as defined under federal law, including those related to the performance of technology described in this press release. These forward-looking statements are generally identified by the words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to significant risks, assumptions and uncertainties. Known material factors that could cause Bioxytran’s actual results to differ materially from the results contemplated by such forward-looking statements are described in the forward-looking statements and risk factors in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and those risk factors set forth from time-to-time in other filings with the Securities and Exchange Commission. Bioxytran undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required under federal securities laws.

FAQ

What is the significance of Bioxytran's IND authorization from CDSCO?

The IND authorization allows Bioxytran to proceed with optimizing COVID-19 treatment dosages, which is crucial for the development of effective therapies.

How many patients will be involved in Bioxytran's Phase III trial?

The Phase III trial will involve 408 patients.

What is Bioxytran's leading drug candidate?

Bioxytran's leading drug candidate is ProLectin-M, an antiviral drug targeting galectins.

What diseases is Bioxytran targeting with its drug development?

Bioxytran is developing drugs to target COVID-19, other viral diseases, pulmonary fibrosis, and stroke.