Immune Biosolutions, a Canadian biotech company based in Sherbrooke, reached a new milestone in developing the first inhaled antibody-based treatment against COVID-19.
SHERBROOKE, QC, Aug. 21, 2023 /CNW/ - Immune Biosolutions, a Canadian biotech company based in Sherbrooke, reached a new milestone in developing the first inhaled antibody-based treatment against COVID-19. The prestigious medical journal The Lancet Infectious Disease today published the conclusive results of phase I and II clinical trials of the inhalation treatment against SARS-CoV-2, named IBIO123, demonstrating its ability to significantly reduce respiratory symptoms of COVID-19 disease and its progression. This world first treatment of COVID-19 is currently the only inhaled immunotherapy treatment developed for SARS-CoV-2 infections. Direct treatment to the lungs Double-blind clinical trials were carried out on 162 non-hospitalized adult patients with mild to moderate symptoms of COVID-19. The proportion of subjects with resolved respiratory symptoms of disease at day 8 was 41% for the IBIO123-treated group versus 17% for the placebo group in the overall population, and 35% versus 10% among high-risk participants. This clinical data was generated during the Omicron wave, and IBIO123 is effective against all known variants in laboratory assays. “Another very significant milestone has been reached with the completion of Phase I and Phase II clinical trials. This new inhalation directly targets the virus and could lead to a reduction in hospitalizations and deaths related to COVID-19,” said Dr. Bruno Maranda, M.D., Chief Medical Officer at Immune Biosolutions. A simple and safe treatment Because of its leading-edge expertise and financial support from the governments of Quebec ($4.5 million from the BioMed Propulsion program) and Canada ($13.44 million from the Strategic Innovation Fund), private investors (nearly $5 million), and a unique collaboration with the research centers of the Centre hospitalier universitaire de Montréal (CHUM) and CHU Sainte-Justine in Montreal, Immune Biosolutions has succeeded in transforming an academic discovery into an innovative product that can make a real difference to people infected with the virus. Next steps “The COVID-19 pandemic has demonstrated how important it is to have the capacity to develop and, above all, produce our very own treatments to serve the Canadian population. Our goal is to be able to offer this treatment quickly to all Canadians who need it,” says Luc Paquet, CEO of Immune Biosolutions. Background on Immune Biosolutions inc. SOURCE Immune Biosolutions |