[Asia Economy Reporter Jang Hyowon] Jinwon Life Sciences is showing strong performance following news that it has submitted an application for a Phase 2 clinical trial of its oral COVID-19 treatment to the Ministry of Food and Drug Safety (MFDS).
As of 11:30 AM on the 1st, Jinwon Life Sciences is trading at 18,000 KRW, up 8.43% compared to the previous day.
On this day, Jinwon Life Sciences announced that it has submitted a clinical trial approval application to the MFDS for the Phase 2 clinical trial of GLS-1027, an oral COVID-19 treatment.
The clinical trial application submitted by Jinwon Life Sciences is titled "A dose-escalation, multicenter, randomized, double-blind, placebo-controlled Phase 2 clinical trial to evaluate the safety, tolerability, and efficacy of orally administered GLS-1027 for the prevention of severe pneumonia caused by coronavirus-19 infection."
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