CytoDyn, Inc. (CYDY) Expects FDA Approval for PRO 140 in HIV by Q4 2019, $500M Revenue Forecast for 2020

December 11, 2018 12:29:19
  • PRO 140 has FDA fast track designation that allows accelerated approval
  • The drug protects healthy cells from HIV infection by binding to CCR5 cellular co-receptor
  • Market for PRO 140 as a single agent therapy projected at about $4 billion annually
  • CYDY recently initiated its first cancer trial in triple negative breast cancer, targeting an unmet medical need

CytoDyn Inc. (OTCQB: CYDY), a biotechnology company focused on the development and potential commercialization of humanized monoclonal antibodies for the treatment and prevention of Human Immunodeficiency Virus (HIV), expects to gain final FDA approval for its HIV treatment, PRO 140, by the fourth quarter of 2019, with market availability estimated to follow by 2020.

“We do have a rolling submission with the FDA,” Nader Z. Pourhassan, Ph.D., President and CEO of CytoDyn, said in a recent interview…

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