ProHealth health Vitamin and Natural Supplement Store and Health
Home  |  Log In  |  My Account  |  View Cart  View Your ProHealth Vitamin and Supplement Shopping Cart
800-366-6056  |  Contact Us  |  Help
Facebook Google Plus
Fibromyalgia  Chronic Fatigue Syndrome & M.E.  Lyme Disease  Natural Wellness  Supplement News  Forums  Our Story
Store     Brands   |   A-Z Index   |   Best Sellers   |   New Products   |   Deals & Specials   |   Under $10   |   SmartSavings Club

Trending News

How Can You Benefit From Vitamin B12?

Discover Why Ashwagandha Can Be Used for Stress and Anxiety

Calorie restriction promotes longevity through effects on mitochondrial network

Lower magnesium levels linked with increased mortality risk during up to 40 years of follow-up

Higher resveratrol dose linked to lower glucose levels in type 2 diabetics

Tryptophan's Possible Effects for Your Health

What Is Bitter Orange?

Black Tea Is Great for Your Gut

Drug can dramatically reduce weight of people with obesity

Ashwagandha Helps Hormones - Aids Arthritis

 
Print Page
Email Article

Ampligen Owner Completes Stock Offering, Faces Court Trials

  [ 40 votes ]   [ Discuss This Article ]
By By: Katie Ferren • www.ProHealth.com • March 1, 1996


The company which recently developed Ampligen has changed names and has put forth an initial public offering of common stocks and warrants.

Public shares were originally sold six months ago in November for Hemispherx BioPharma, Inc. (formerly HEM Pharmaceuticals Corp.). The initial public offering raised around $16 million, which will be used primarily to complete previous research, as well as develop some new trials. The company is currently traded on the NASDAQ exchange under the symbol HEMXU. The offering price was S3.50 and the units have since traded from $3.00 to above $8.00.

Hemispherx BioPharma hopes to win approval to use Ampligen for use against HIV, chronic hepatitis B virus, and CFIDS (Chronic Fatigue Syndrome). Currently, the company is conducting trials regarding its effectiveness on several diseases.

For example, the company received approval from the Canadian HPB (Health Protection Board) to conduct an open- label clinical trial in Canada of ampligen group to 200 patients suffering from CFIDS.

Another trial is currently underway in Belgium, authorized by the Belgian Minister of Health.

In addition, Hemispherx BioPharma has licensed SAB-Bioclones of South Africa to be the exclusive manufacturer of Ampligen for Africa. They will be specifically researching the use of Ampligen as a possible treatment for Hepatitis C.

Finally, the company is evaluating the results of the second phase of a clinical trial for HIV patients, and a Phase 1111 trial for _HBC patients. It appears the company may wish to gain regulatory approval for HIV first, then pursue approval for HBC and CFIDS in the future.

Unfortunately, the company has been involved in several lawsuits recently, and it is possible that public offering funds will only keep the company funded for the next two years. Further financing may be needed once the company reaches the stage of approval as well as commercialization of Ampligen.

Temple University is seeking to terminate a license agreement related to the development of Oragen compounds (Oragen the second generation of Ampligen, administered orally instead of intravenously).

Vanderbilt University is also contesting one of the company's patents for the use of Ampligen with HIV For now, the future of the company producing Ampligen is uncertain.



Post a Comment

Featured Products From the ProHealth Store
Energy NADH™ 12.5mg Optimized Curcumin Longvida® Ultra EPA  - Fish Oil


Article Comments



Be the first to comment on this article!

Post a Comment


 
Optimized Curcumin Longvida with Omega-3

Featured Products

Energy NADH™ 12.5mg Energy NADH™ 12.5mg
Improve Energy & Cognitive Function
Ultra ATP+, Double Strength Ultra ATP+, Double Strength
Get energized with malic acid & magnesium
Vitamin D3 Extreme™ Vitamin D3 Extreme™
50,000 IU Vitamin D3 - Prescription Strength
Optimized Curcumin Longvida® Optimized Curcumin Longvida®
Supports Cognition, Memory & Overall Health
Mitochondria Ignite™ with NT Factor® Mitochondria Ignite™ with NT Factor®
Reduce Fatigue up to 45%

Natural Remedies

Milk Thistle: Trusted Support for Health & Healing in a Toxic World Milk Thistle: Trusted Support for Health & Healing in a Toxic World
Everything You Always Wanted to Know About Sleep But Were Too Tired to Ask Everything You Always Wanted to Know About Sleep But Were Too Tired to Ask
The Remarkable Benefits of Reishi Medicinal Mushrooms The Remarkable Benefits of Reishi Medicinal Mushrooms
Stop Bacteria With Nature's Antibiotics Stop Bacteria With Nature's Antibiotics
The Curcumin Revolution: 'Golden' Ticket to Better Health The Curcumin Revolution: 'Golden' Ticket to Better Health

CONTACT US
ProHealth, Inc.
555 Maple Ave
Carpinteria, CA 93013
(800) 366-6056  |  Email

· Become a Wholesaler
· Vendor Inquiries
· Affiliate Program
SHOP WITH CONFIDENCE
Credit Card Processing
SUBSCRIBE TO OUR NEWSLETTERS
Get the latest news about Fibromyalgia, M.E/Chronic Fatigue Syndrome, Lyme Disease and Natural Wellness

CONNECT WITH US ProHealth on Facebook  ProHealth on Twitter  ProHealth on Pinterest  ProHealth on Google Plus

© 2017 ProHealth, Inc. All rights reserved. Pain Tracker App  |  Store  |  Customer Service  |  Guarantee  |  Privacy  |  Contact Us  |  Library  |  RSS  |  Site Map