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NanoViricides NV-387 Ebola Treatment Clinical Trial Progressing Well
NanoViricides explained that the Phase IIA Ebola Treatment Clinical Trial of NV-387 Oral Gummies is progressing well, and the drug is expected to advance into the Phase IIB clinical trial part as soon as the Phase IIA part is completed. "The importance of the NV-387 Oral Gummies treatment for this Ebola Bundibugyo virus disease cannot be understated, considering the potential of the disease for rapid spread and the heavy toll it is taking in affected areas in terms of both deaths and economic costs of containment and response," said Anil R. Diwan, PhD, President and Executive Chairman of the Company. The NV-387 Oral Gummies as a Treatment for Ebola Phase II Clinical Trial in DRC is divided into two parts. The first part, Phase IIA, is designed to evaluate dosing regimens based on the severity of the disease, and requires approximately 20 patients. Enrollment began on September, 23, 2026. The end point is 28-day survival, as with other Ebola clinical trials. As such, the Phase IIA part will be completed once the last enrolled person completes 28 days. The course of the clinical trial suggests that the trial will continue into Phase IIB part upon completion of the Phase IIA part.
NanoViricides' Phase IIA Ebola Treatment Trial Progressing Well
NanoViricides said that its Phase IIA Ebola Treatment Clinical Trial of NV-387 Oral Gummies is progressing well. The Phase IIA part of the clinical trial is designed to evaluate different dosage regimens of the oral gummies for the treatment of different severity levels of the Ebola Bundibugyo virus infection and disease in the current Ebola Outbreak in the Democratic Republic of Congo, DRC.
NanoViricides Provides Update on NV-387 Clinical Trial
NanoViricides provides additional details on its Phase II Clinical Trial of NV-387 Oral Gummies as a Treatment for the Current Bundibugyo Ebolavirus and other Ebola viruses in the Democratic Republic of Congo. The trial is proceeding as designed. This clinical trial is being conducted in two parts. Enrollment in the first part, Phase IIA, began on or about September 23. Patients are being enrolled slowly, in a cautious approach, because NV-387 is a new chemical entity. As the clinical experience with NV-387 increases, enrollment may speed up. This part requires only a small number of patients. In Phase IIA, the trial is designed to evaluate the dosage regimen that is tolerable in patients with clinical Ebola Virus Disease. The purpose of the Phase IIA part is to determine the optimal dosing regimen that remains well tolerated in terms of safety signals in the context of the issues caused by the Ebola Bundibugyo viral disease itself. The clinical symptoms of the Ebola BDBV disease are complex, and possibly different from prior Ebola virus outbreaks i. It is expected that when the optimal dosage regimen is administered, signs of reduction in viral load would be seen, and potentially, recovery in the patients would also be seen. However, the Phase IIA part is not designed for evaluating efficacy of the drug in a statistical sense. It is designed to provide a quick go-nogo gate to support starting the Phase IIB, which is a randomized clinical trial of NV-387 Oral Gummies designed for evaluating efficacy in treating Ebola patients. After a dosage regimen is identified, it will be used in an expanded, randomized, controlled clinical trial, Part IIB, to evaluate effectiveness of the Oral treatment drug NV-387 Oral Gummies. NV-387 is designed to attack the virus and reduce the viral load in the body.
Company Receives Approval for NV-387 Vaccine Clinical Trial
The company said, "In the fiscal year 2026, we have achieved a substantial level of accomplishments. We have focused on regulatory advancement of our broad spectrum antiviral drug NV- 387. We received approval for Phase II clinical trial to evaluate the safety and efficacy of NV-387 Oral Gummies for the treatment of Mpox in September, 2025, from the regulatory agency ACOREP in the Democratic Republic of Congo. Unfortunately, the MPox Clade I epidemic that led WHO to declare a Public Health Emergency of International Concern in August, 2024, had substantially abated in the Kinshasa region. We therefore chose a remote site where Mpox cases were still prevalent. We had to upgrade the facilities at this site including patient isolation facilities as well as laboratory facilities significantly to enable conducting the clinical trial there. This Phase II clinical trial began enrollment at the end of September, 2026. Meanwhile, in May 2026, WHO declared a PHEIC for the Ebola Bundibugyo virus disease outbreak that had just begun in the Ituri province. There is no approved treatment nor an approved vaccine for this virus. Moreover, this Bundibugyo virus differs significantly from previous Bundibugyo viruses that caused outbreaks, as well as from other Ebola viruses. Subsequent to the reporting period, in July, 2026, we applied for regulatory approval to conduct a Phase II clinical trial to evaluate he safety and efficacy of NV-387 Oral Gummies for the treatment of Ebola virus disease. In August, 2026, we received the approval for this Phase II clinical trial of NV-387 from ACOREP in DRC. This Phase II clinical trial also began enrollment at the end of September, 2026 at an Ebola Treatment Center in Ituri province. The current Ebola outbreak in DRC is rapidly growing. As of September 23, 2026, there have been 7,890 confirmed cases, 3,799 confirmed deaths, and 1,966 confirmed recoveries in DRC, according to the WHO daily report i. In comparison, as of August 14, 2026, there were reported 4,945 confirmed cases and 2,325 confirmed deaths due to this virus. The crude fatality rate is about 48%, but the probability of an infected person dying is estimated at 67%ii. In addition, we also began our efforts towards US FDA regulatory approvals for NV-387. We applied for an Orphan Drug Designation of NV-387 as a Treatment for Measles in February, 2026. Subsequently, we also applied for a Rare Pediatric Disease Drug designation for NV-387 as a pediatric Measles treatment. The US FDA approved the ODD and the RPDD designation for NV-387 as a treatment of Measles in May and June, 2026, respectively. In addition, we have continued process development work for the manufacture of NV-387. We have also worked on improved formulations of the NV-387 oral gummies. Thus, we have made significant achievements towards regulatory approvals for NV-387 in the reported year."
Company Reports Cash Assets of Approximately $2.79M
The company said, "We reported that, as of June 30, 2026, we had cash and cash equivalent current assets balance of approximately $2.79M. In addition, we reported approximately $6.4M in Net Property and Equipment assets. The strong P&E assets comprise our cGMP-capable manufacturing and R&D facility in Shelton, CT, where we manufacture our clinical trial drug substance and drug products, thus producing substantial savings as compared to working with an external manufacturer. The total current liabilities were approximately $1.19M. In comparison, as of June 30, 2025, we had cash and cash equivalent balance of approximately $1.67M, P&E assets of approximately $6.83M, and total current liabilities of approximately $1.31M. The net cash utilized in the reported period for operating activities was approximately $7.7M, which includes continuing expenditures for completion of the Phase Ia/Ib clinical trial of NV-387 in India, Clinical Trial Application for Phase II Clinical Trial of NV-387 as a Treatment for MPox in DRC, and R&D and preparatory work including cGMP manufacture of the drug substance for the Phase II clinical trial of NV-387 for treatment of MPox. We raised approximately $7.1M in sale of equity and warrants in registered direct offerings, and $1.91M from sale of common stock in ATM equity offering, for a total financing of approximately $9.01M during the reported period. Subsequent to the reporting period, in July, we raised approximately $3.8M in gross proceeds from a registered direct offering comprising common stock and warrants to a single investor. Further, our founder, Dr. Anil Diwan has provided a line of credit of $3M to the Company. We have not yet drawn on the LOC. As such, we reported that we do not have sufficient funding in hand as of now to continue operations through September 30, 2027, for our planned objectives. As a result substantial doubt exists about the Company's ability to continue as a going concern, as evaluated based on applicable guidelines. We are actively exploring additional required funding through non-dilutive grants and contracts, partnering, debt or equity financing pursuant to our plan. We believe that the Company has on-going access to the capital markets including the "At-The-Market" agreement that became active around July 17, 2026. We have previously adjusted our objectives and development plans on the basis of available resources and we will continue to do so."
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