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CYTODYN INC - CYDY STOCK NEWS

Welcome to our dedicated page for CYTODYN news (Ticker: CYDY), a resource for investors and traders seeking the latest updates and insights on CYTODYN stock.

CYDY is a clinical-stage biotechnology company focused on developing leronlimab, a humanized IgG4 monoclonal antibody that targets CCR5, a protein on immune system cells. Having invested in clinical trials, CYDY aims to revolutionize treatment across multiple therapeutic areas including HIV, oncology, MASH, and MASLD. Despite facing challenges in FY23, the company took measures to conserve resources, reduce operating expenses, and position itself for near-term and long-term success. CYDY is focused on completing the resolution of the FDA's partial clinical hold and exploring various therapeutic indications for leronlimab to maximize patient and practitioner benefits.

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CytoDyn Inc. (OTC.QB: CYDY) announced it will extend its leronlimab treatment for critically ill COVID-19 patients to four weeks after achieving an 82% reduction in mortality at 14 days in earlier trials. The FDA has received a new protocol as the company pursues emergency use authorizations in multiple countries, including Brazil, the UK, and Canada. CytoDyn's leronlimab also has Fast Track designation for HIV and metastatic cancer treatment.

The company plans to enroll patients and believes longer treatment will improve survival rates in patients with COVID-19.

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CytoDyn Inc. (CYDY) reported significant findings from its CD12 trial of leronlimab for COVID-19 patients. Analysis showed an 82% reduction in mortality at 14 days when leronlimab was added to standard care (p=0.0233), with treated patients 5 times more likely to survive. The 7-point ordinal scale ranking improved by 400% (p=0.021). Previous analyses indicated benefits in combination with common treatments, with a 6.5% absolute reduction in mortality at day 28 and a 5.5-day reduction in hospital stay. CytoDyn aims to expedite regulatory submissions to utilize leronlimab for critically ill patients.

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CytoDyn Inc. (OTC.QB: CYDY) announced promising results from a case study and its completed Phase 3 trial of leronlimab for critically ill COVID-19 patients. The study published in the Journal of Translational Autoimmunity shows significant recovery rates, with five out of six ECMO patients improving post-treatment. The FDA has granted Fast Track designation for leronlimab in two indications: HIV and triple-negative breast cancer. CytoDyn aims to refile its Biologics License Application in 2021, focusing on the therapeutic potential of leronlimab in various conditions.

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CytoDyn Inc. (CYDY) announced the Philippines FDA granted a Compassionate Special Permit for its COVID-19 treatment, leronlimab. This approval allows shipping leronlimab to Chiral Pharma Corporation in the Philippines. The company aims to seek Emergency Use Authorization (EUA) for broader access and is exploring treatment for COVID-19 long-hauler patients. Leronlimab is currently being developed for various indications, including HIV and metastatic triple-negative breast cancer, and has shown promise in clinical trials with significant viral load reduction.

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CytoDyn Inc. (OTC.QB: CYDY) announced an investment community webcast scheduled for March 22, 2021. Management will update stockholders on its recent COVID-19 related filings for Conditional EUA with the FDA, Interim Order in Canada, and accelerated reviews in the U.K., along with plans for similar submissions in Brazil and the Philippines. The update will also cover ongoing clinical trials related to COVID-19, NASH, and cancer, as well as expected timelines for BLA submissions for HIV in the U.S., Canada, and the U.K.

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CytoDyn Inc. (OTC.QB: CYDY) announced the appointment of Dr. Christopher P. Recknor as Chief Operating Officer. Dr. Recknor, who previously served as Vice President of Clinical Development, brings extensive experience with over 100 clinical trials. He will collaborate with the senior management team to enhance business strategy and clinical priorities. The FDA has granted Fast Track designation for leronlimab in HIV and metastatic triple-negative breast cancer, supporting its potential in critical therapies.

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CytoDyn (OTC.QB: CYDY) announced the enrollment of 20 patients in its Phase 2 trial investigating Vyrologix™ (leronlimab) for COVID-19 long-hauler symptoms. The trial aims to enroll 50 patients, with each receiving eight doses followed by a safety evaluation. Results are anticipated by mid-summer 2021. This study is critical as it seeks to address the lack of treatment options for patients suffering from prolonged COVID-19 symptoms. The company also noted progress in its other trials and a planned Biologics License Application (BLA) submission for HIV.

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CytoDyn Inc. (OTC.QB: CYDY) announced the release of CD12 Phase 3 trial data for leronlimab, aimed at treating critically ill COVID-19 patients. Key findings include:

  • 24% reduction in all-cause mortality.
  • Shortened hospital stays with a significance of p=0.0050.
  • Improved discharge alive rates: 28% vs. 11%.

Statistically significant results were noted in age-adjusted analyses. The company is set to pursue further studies with regulatory consultations from the FDA and other agencies.

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CytoDyn Inc. (CYDY) announced the submission of a protocol to the U.S. FDA for enrolling 140 critical COVID-19 patients in a trial. This follows the enrollment of 46 additional patients in the open-label portion of the CD12 trial. The company is also engaging with Health Canada for potential sales of leronlimab in Canada. Recent data indicate a statistically significant reduction in mortality among patients receiving leronlimab compared to placebo. CytoDyn plans to refile its Biologics License Application for HIV treatment in the first half of 2021.

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CytoDyn Inc. (OTC.QB: CYDY) announced positive results from its Phase 3 trial of leronlimab for severely ill COVID-19 patients. The trial showed a 24% decrease in all-cause mortality, a 6-day reduction in hospital stays, and a 166% higher chance of being discharged alive at Day 28 compared to placebo. The company is in discussions with the FDA, MHRA, and Health Canada for potential approval. There are ongoing efforts to enroll more patients while preparing a manuscript for publication.

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FAQ

What is the current stock price of CYTODYN (CYDY)?

The current stock price of CYTODYN (CYDY) is $0.1175 as of December 23, 2024.

What is the market cap of CYTODYN (CYDY)?

The market cap of CYTODYN (CYDY) is approximately 134.2M.

What operational and financial adjustments did the Company make in fiscal year 2023?

In fiscal year 2023, CYDY implemented significant reductions in its workforce, cash burn rate, and operating expenses to preserve resources and focus on critical corporate priorities. Workforce reductions, alongside expense reduction measures, led to improved cash burn and expense run rates.

What is the status of the clinical hold?

CYDY recently provided additional information to the FDA to address remaining questions and hopes for the removal of the clinical hold. The company stands ready to address further issues and is optimistic about a successful resolution.

What is the short-term development plan for leronlimab following the resolution of the clinical hold?

Post the resolution of the clinical hold, CYDY will focus on a multipronged therapeutic approach to leronlimab. Initiatives include KOL-identified studies in HIV, pre-clinical combination therapy trials in MASH and oncology, and potential partnership opportunities.

What is the current status of the longer-acting therapeutic project?

CYDY is collaborating with a partner utilizing AI technology to develop a long-acting therapeutic enhancing its existing IP portfolio and attracting partnership opportunities, potentially increasing shareholder value.

What is the current status of the CEO search?

The CEO search has narrowed to qualified candidates, with an expected new CEO appointment by the year-end to enhance the company's business strategies and drug commercialization efforts.

How does the Company make decisions regarding executive compensation?

The Compensation Committee of the Board reviews, appoints independent members, and oversees executive compensation plans annually based on recommendations from an independent executive compensation advisory firm, ensuring competitive industry standards and talent retention.

What is the current status of the Amarex litigation effort?

CYDY is pursuing litigation against Amarex for its failures in clinical trial management, fully funding legal representation by Sidley Austin LLP. The final arbitration hearing is scheduled for August 2024, demonstrating the Company's commitment to maximizing recovery.

What is the status of the new communication strategy?

CYDY is shifting its communication strategy to be clear, concise, and frequent, engaging with stakeholders, and responding to inquiries. The Company aims to provide updates via SEC filings, direct communications, and a planned FAQ section on its website.

What clinical trials is the Company currently working on?

CYDY is focused on conducting Phase II clinical trials, with priorities set on oncology trials and inflammation studies to clarify leronlimab's effectiveness. The Company is also exploring research and development partnerships to further enhance its product development portfolio.

Is leronlimab currently available to the public outside of a clinical trial?

Leronlimab, as an unapproved drug, is not available to the general public. However, certain patients facing critical illnesses may access early investigational drugs under Expanded Access or Right to Try programs, subject to FDA approvals and requirements.

CYTODYN INC

OTC:CYDY

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CYDY Stock Data

134.18M
1.21B
0.78%
0.03%
Biotechnology
Healthcare
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United States of America
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