Virios Therapeutics to Report Second Quarter 2021 Financial Results and Provide Corporate Update on Thursday, August 12, 2021

Rhea-AI Summary

Virios Therapeutics (Nasdaq: VIRI) is set to release its second-quarter financial results on August 12, 2021, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results and provide corporate updates. Virios focuses on developing antiviral therapies for chronic diseases, with its lead candidate, IMC-1, targeting fibromyalgia by suppressing Herpes Simplex Virus-1 replication. IMC-1 has shown promise in earlier trials and is currently undergoing a Phase 2b trial, receiving FDA fast track designation.

Positive

• IMC-1 has received FDA fast track designation.
• Positive Phase 2a clinical trial results for IMC-1 suggest efficacy in treating fibromyalgia.
• Ongoing Phase 2b trial (FORTRESS) may pave the way for future registrational studies.

Negative

• Completion and timing of the Phase 2b trial involve inherent risks and uncertainties.

Virios Therapeutics, Inc. (Nasdaq: VIRI), a clinical-stage biotechnology company focused on advancing novel antiviral therapies to treat debilitating chronic diseases, announced today that its second quarter 2021 financial results will be reported on Thursday, August 12, 2021 before the open of the financial markets. Management will also host a webcast and conference call on August 12, 2021 at 8:30 a.m. ET to discuss the results and provide a corporate update.

The live and archived webcast of the call may be accessed on the Virios Therapeutics website under the Investors section: Events and Presentations. The live call can also be accessed by dialing (844) 602-0380 (domestic) or (862) 298-0970 (international) and asking to be connected to the "Virios Therapeutics Conference Call".

About Virios Therapeutics

Virios Therapeutics (Nasdaq: VIRI) is a clinical-stage biotechnology company focused on advancing novel antiviral therapies to treat debilitating chronic diseases, such as fibromyalgia (“FM”). Immune responses related to the activation of tissue resident Herpes Simplex Virus-1 (“HSV-1”) have been postulated as a potential root cause triggering and/or sustaining chronic illnesses such as FM, irritable bowel disease (“IBS”), chronic fatigue syndrome and other functional somatic syndromes, all of which are characterized by waxing and waning symptoms with no obvious etiology. Our lead development candidate (“IMC-1”) is a novel, proprietary, fixed dose combination of famciclovir and celecoxib designed to synergistically suppress HSV-1 replication, with the end goal of reducing virally promoted disease symptoms.

Evidence of IMC-1’s efficacy on a broad spectrum of FM outcome measures was previously demonstrated in a Phase 2a clinical trial. These trial results are suggestive that IMC-1 may represent a new and novel treatment for fibromyalgia. IMC-1 has been granted fast track designation by the FDA and is currently being tested in a multi-center, randomized, double-blind, placebo-controlled Phase 2b trial (“FORTRESS”) designed to set the stage for registrational studies. The company is led by an executive team highly experienced in the successful development and commercialization of novel therapies. For more information, please visit www.virios.com.

Forward-Looking Statements

Statements in this press release contain “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Virios Therapeutics’ current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including risks related to the completion and timing of the Phase 2b trial. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Virios Therapeutics, Inc. (VIRI) undertakes no duty to update such information except as required under applicable law.

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FAQ

When will Virios Therapeutics report its financial results for Q2 2021?

Virios Therapeutics will report its financial results on August 12, 2021, before the market opens.

What is the significance of IMC-1 for Virios Therapeutics?

IMC-1 is a lead candidate aimed at treating fibromyalgia and has shown positive results in earlier trials.

What is the current status of IMC-1's clinical trials?

IMC-1 is undergoing a Phase 2b trial, which has received fast track designation from the FDA.

What time is the conference call for discussing Virios Therapeutics' Q2 results?

The conference call is scheduled for August 12, 2021, at 8:30 a.m. ET.

What are the key risks mentioned regarding Virios Therapeutics' forward-looking statements?

The risks primarily involve uncertainties related to the completion and timing of the Phase 2b trial.