BiondVax plunged 86 percent in New York after the failure of...

BiondVax plunged 86 percent in New York after the failure of...
BiondVax plunged 86 percent in New York after the failure of...

The biomed company was founded by Prof. Ruth Arnon. The results of the company’s trial did not show a significant difference between the group of patients treated with the BiondVax vaccine and the group treated with the placebo

Calcalist service 09:3924.10.20

The Israeli BiondVax share established by Prof. Ruth Arnon collapsed 86% last night in New York, after the biomed company announced the failure of a universal influenza vaccine trial in phase 3 that the company is carrying out. The vaccine (M-001) was developed with the aim of providing multi-seasonal and multi-varietal protection against existing and future influenza virus strains in humans, including seasonal and epidemic influenza strains.

Read more in Calcalist:

The results did not show a significant difference between the group of patients treated with the BiondVax vaccine and the group treated with the placebo. BiondVax CEO Ron Babakov did not hide his feelings: “We are disappointed with the result and thank all the staff at the company that has been with us for 15 years. We have made a joint effort to try and come up with an innovative solution to a global problem. ”

BiondVax was established on the basis of a groundbreaking scientific idea by one of the best-known scientists in Israel, Prof. Ruth Arnon. Arnon is the bride of the Israel Prize, was the president of the Israeli National Academy of Sciences, and one of the developers of the Copaxone drug for Teva’s multiple sclerosis.

Shares of BiondVax fell to $ 5.2 – before the announcement stood at $ 37.

Tamar Ben Yedidya, Ron Babakov Photo: BiondVax

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