Four monkeys survived the Ebola virus after being injected with Immunovaccine Inc's experimental vaccine, the tiny Canadian company said on Monday, an announcement that sent its stock soaring.
The Halifax, Nova Scotia-based company said four monkeys received its vaccine and later survived a dose of Ebola virus that normally would have been lethal. Two other animals that did not receive the vaccine died within a week.
The tests were performed by the US Health Department's National Institutes of Health, based in Maryland.
Immunovaccine, which had a market capitalization of about C$77 million as of Friday, is one of a handful of companies testing potential vaccines for the Ebola virus, which has killed nearly 1,500 people in West Africa.
Other companies testing Ebola vaccines include U.S.-based NewLink Genetics Corp, which holds the licence for a vaccine developed by the Canadian government, and privately held Profectus BioSciences.
Immunovaccine said it is exploring options to develop the vaccine with various organizations. The company is also developing therapies for cancer and a vaccine for anthrax.
Its stock on the TSX Venture Exchange jumped as much as 44 percent, and was up 26.8 percent at C$1.23 around midday, after a trading halt.
The Halifax, Nova Scotia-based company said four monkeys received its vaccine and later survived a dose of Ebola virus that normally would have been lethal. Two other animals that did not receive the vaccine died within a week.
The tests were performed by the US Health Department's National Institutes of Health, based in Maryland.
Other companies testing Ebola vaccines include U.S.-based NewLink Genetics Corp, which holds the licence for a vaccine developed by the Canadian government, and privately held Profectus BioSciences.
Advertisement
Its stock on the TSX Venture Exchange jumped as much as 44 percent, and was up 26.8 percent at C$1.23 around midday, after a trading halt.
Advertisement
© Thomson Reuters 2014
COMMENTS
Advertisement
Study Abroad: Top 10 Computer Science Universities In Canada "Canada Is Country Where Guy From Punjab...": Trudeau On Meeting Diljit Dosanjh Uruguay Down Canada On Penalties To Win Copa Third-Place Playoff Travel Influencer Aanvi Kamdar Dies After Falling Off A Waterfall Near Mumbai Amid Huge Row, Karnataka Pauses Bill For Reservation In Private Sector Firms BJP Subtly Asking Ajit Pawar To Quit "Mahayuti": Sharad Pawar's NCP West Bengal Forms Seven-Member Panel To Review New Criminal Laws US Military Declares End Of Troubled Gaza Aid Pier Mission What Is PM SHRI? Which States Resisted Centres Showcase Schools Scheme Track Latest News Live on NDTV.com and get news updates from India and around the world.