Ocean Biomedical Inc Provides Updates on Cancer, Malaria, and Fibrosis Programs
Ocean Biomedical Inc, a firm listed on NASDAQ, has provided information about its wide array of initiatives centered around malaria, fibrosis, and several forms of cancer.
Ocean Biomedical is currently focused on advancing immunotherapies to combat brain and lung cancers within the field of oncology. Early studies conducted on animal models have yielded encouraging outcomes. In brain cancer, there was a noticeable 60% decrease in tumor growth, while non-small cell lung cancer showcased a remarkable reduction rate of 85% to 95%. Furthermore, experimental trials have exhibited the potential of Ocean's antibodies to hinder the spread of cancer to the lungs, including malignant melanoma.
In the field of malaria study, the company is making progress in comprehending and managing the processes through which its PfGARP antigen triggers the demise of malaria parasites. Using these findings, Ocean Biomedical aims to enhance and create an mRNA vaccine option that can effectively target the malaria parasite at different periods of the blood cycle. This immunization has the ability to be utilized for preventative purposes in sub-Saharan Africa, where malaria poses a major health issue.
Ocean Biomedical is currently engaged in extensive research on fibrosis and has made significant advancements in testing their treatment candidate for fibrosis, which is referred to as "OCF-203." The testing procedures have demonstrated considerable reductions in fibrosis across various models, with a remarkable 85%-90% decrease in collagen accumulation. Moreover, the company is actively assessing the potential utilization of their anti-fibrotic treatments in conditions beyond idiopathic pulmonary fibrosis (IPF) and Hermansky-Pudlak syndrome (HPS), including scleroderma, alcoholic liver disease, and non-alcoholic steatohepatitis.
Moreover, Ocean Biomedical has organized a special event called Research & Development Day on September 14th. During this occasion, Dr. Elias and Dr. Kurtis, the founders of the company, will delve deeper into their ongoing projects, offering valuable knowledge and updates.
In the most recent premarket trading session, the stocks of Ocean Biomedical have experienced a 3.53% increase, reaching a value of $4.40.
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