N4P has announced the raising of additional development capital amounting to c.£2.03m (gross) from a placing of c.50.7m new ordinary shares at a price of 4.0p each.
Significantly, the Group’s unique silica nanoparticle delivery system, Nuvec®, has already demonstrated that is capable of loading and transfecting both DNA and mRNA and producing an immune response. Focus now is on a phased work program designed to make Nuvec® more consistent, easier to handle and therefore more efficacious.
While N4P’s virtual model and contracted laboratories have ensured its testing schedules have not been significantly hindered by the lockdown, the COVID-19 Pandemic has nevertheless provided it with an ideal opportunity to demonstrate how Nuvec® could substantially enhance delivery of a potential Coronavirus vaccine, as well as developments of other viruses that may well surface in the future.
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