Cashing in on coronavirus: Small biopharma company NanoViricides sees stock soar on treatment claims

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Small biopharma company NanoViricides sees stock soar on coronavirus treatment claims

"The Company pays TheraCour for the R&D work asked to be performed by the Company to develop these drugs, their chemistries, formulations, and manufacturing processes, substantially at cost, with a certain fee as specified in the license agreements," the annual report said.

"Dr. Diwan may have conflicting fiduciary duties between us, TheraCour and AllExcel, for which he must recuse himself from certain of our decision-making processes," the prospectus said. Despite the press releases and media appearances on coronavirus, Diwan said the company is focused on a different disease.

CNBC also asked NanoViricides to clarify the relationship between TheraCour, AllExcel and NanoViricides, and any cash payments to AllExcel, but NanoViricides did not respond.Jennifer Schlesinger | CNBC"I'd say, 'Why aren't these guys creating some drug that goes into human trials and gets into the marketplace?'" he said.

 

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AndreaDay CEOs that make blatant false claims should be arrested for fraud and their company’s delisted. This is why the SEC is a big joke to everyone. $NNVC

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Davidlaz AndreaDay Sounds like a tax dodge.

AndreaDay So? You're own headline says 'close'. That would mean they didn't start them yet

AndreaDay I’m going to guess without reading that folks in the Trump orbit made $$ here...

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The small biopharma company NanoViricides has claimed it was close to clinical trials for a coronavirus treatment. Our game of clue found the 15-year-old company has never done clinical trials and never made a penny in revenue. AndreaDay reports.

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DrJoeMcCarthy AndreaDay And nanoparticles also create oxidative stress - like Covid19- so not good for people with G6PDd.

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AndreaDay Nothing surprises me. This has been monetized, politicized, and weaponized from the beginning. I don’t trust anyone to develop and dispense a vaccine without first using it to manipulate public opinion and the stock market. Can’t even trust the people we’re supposed to trust.

AndreaDay Biotech cos by nature do not report revenue. Your first part is correct but the second part isn't. This is what happens when reporters pretend to understand biotech financials and undertake 'research.' The firm may well be a scam but you've deployed an imbecile to do research

AndreaDay Sounds like another penny stock scam if you ask me. I've never traded $NNVC but I've seen many capitalize on BS to dump shares on clueless/greedy investors.

AndreaDay January he claimed on Fox they were 6-8 weeks from trials. Fraud and the SEC needs to probe their partner company. Issuing stock in January after their first interview on Fox. Blatant criminals. I missed this one, would've made a fantastic short.

The small biopharma company NanoViricides has claimed it was close to clinical trials for a coronavirus treatment. Our game of clue found the 15-year-old company has never done clinical trials and never made a penny in revenue. AndreaDay reports.

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AndreaDay Just want to bump up their stock price.

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AndreaDay kuku27 This is one reason, since they never made profits, this was an opportunity to befool people and make millions. Watch out, there must be 1000s in line

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The small biopharma company NanoViricides has claimed it was close to clinical trials for a coronavirus treatment. Our game of clue found the 15-year-old company has never done clinical trials and never made a penny in revenue. AndreaDay reports.

AndreaDay Finally some fucking news you guys!! 🎆🎆🎆🎆🎆 Noice!

AndreaDay This looks like a good time. Pump and dumps are fun. buy on the retest, sell on the break. I'm trying to get in on the stock market but it's just to slow. In Cryptocurrency jumps like this take about 30 mins.

AndreaDay All covid vaccines by anywhere are for $$$ only. Keep in mind, the D typed toxic covid can mirror into the L type to elude those vaccines. But, covid has made mistakes in the young body after wrecking havoc on the old or the sick body. Don't listen to those experts of nothing.

AndreaDay Hello FBI do you need an invitation to investigate a criminal organization like NanoViricides?

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AndreaDay Fake companies taking advantage of a panic? I'm shocked...

AndreaDay

The small biopharma company NanoViricides has claimed it was close to clinical trials for a coronavirus treatment. Our game of clue found the 15-year-old company has never done clinical trials and never made a penny in revenue. AndreaDay reports.

AndreaDay Pharma is fraud

AndreaDay of course they have never even conducted anything yet they pocketed roughly 30m in dilution raises they will funnel out the back door! Hello SEC_Enforcement

AndreaDay Same as $INO.

AndreaDay maybe SEC_News can checkout $PIRS too. it’s only been 20 fucking years.

AndreaDay sounds like $CYDY SEC_News

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AndreaDay LOL 12 press releases

AndreaDay Too bad we don’t know who invest in this kinds of ghosts!

AndreaDay Where is the SEC

The small biopharma company NanoViricides has claimed it was close to clinical trials for a coronavirus treatment. Our game of clue found the 15-year-old company has never done clinical trials and never made a penny in revenue. AndreaDay reports.

AndreaDay Almost like Bitcoin in late 2017! Any companies with ‘crypto’ skyrocketed 🚀 Clever move *•pharma 🙏

AndreaDay

one of many shaman

one of many shaman

The small biopharma company NanoViricides has claimed it was close to clinical trials for a coronavirus treatment. Our game of clue found the 15-year-old company has never done clinical trials and never made a penny in revenue. AndreaDay reports.

AndreaDay Congratulations nice work

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Scientists are doing great so far hopefully they can get a solution soon, track treatment vaccine and data on corona with covid19

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The small biopharma company NanoViricides has claimed it was close to clinical trials for a coronavirus treatment. Our game of clue found the 15-year-old company has never done clinical trials and never made a penny in revenue. AndreaDay reports.

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AndreaDay don't know the company, but never doing clinical and making a penny is BS to this.........every company does their first clinical trial at some time and small biotech don't earn revenue but sell public and private stock and eventually earn milestone payments with any partners

AndreaDay There are more than 100 biotech/pharma companies out there doing the same (i.e. cashing in on virus). Maybe in a bit more sophisticated (and less fraudulent) manner than this one

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AndreaDay Fake anouncements for stock price manipulation. Misleadings, all for the money. True news matter

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Scam

The keyword is ‘claims’

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