Enochian Bio’s HIV Treatment Is on Its Way With the FDA

Photo of Chris Lange
By Chris Lange Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Enochian Bio’s HIV Treatment Is on Its Way With the FDA

© courtesy of the U.S. Food and Drug Administration

Enochian BioSciences Inc. (NASDAQ: ENOB) shares more than doubled to start out the week after the company received a critical update from the U.S. Food and Drug Administration (FDA). This update was specifically for the company’s HIV treatment.

The company announced that it completed an Initial Targeted Engagement for Regulatory Advice (INTERACT) meeting with the FDA’s Center for Biologics Evaluation and Research (CBER) Office of Tissues and Advanced Therapies (OTAT).

The meeting, which included management and scientists from Enochian BioSciences, together with CBER OTAT staff, focused on the pathway forward for ENOB-HV-01.

Some quick background: ENOB-HV-01 is a novel approach to autologous stem cell transplantation, with the potential to cure HIV by increasing engraftment of gene-modified cells that are resistant to HIV infection. Failure to achieve engraftment has limited the success of other attempts to cure HIV with autologous transplantation.

[nativounit]

Interact is the first available FDA interaction in the process toward a potential Investigational New Drug (IND) to study first-in-human products potentially leading to marketing authorization.

CBER has numerous Interact requests and only grants meetings that are deemed appropriate for this early FDA engagement.

Dr. Mark Dybul, executive vice-chair of Enochian BioSciences, commented:

We considered the meeting to be very successful, with strong alignment between Enochian’s approach to developing ENOB-HV-01 and the comments of the FDA reviewers. I want to thank the reviewers from FDA CBER OTAT for their time and helpful insight during our meeting.  We look forward to advancing our thoughtful and deliberate pre-clinical work during the remainder of this year and into early next, leading to a pre-IND submission in 2021.

Enochian Biosciences stock traded up 130% Monday morning to $9.50, in a 52-week range of $1.95 to $13.43.

[recirclink id=711817][wallst_email_signup]

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618