Cytodyn Inc Stock Price, News & Analysis

CytoDyn Inc. (OTCQB: CYDY) has filed a lawsuit against the Rosenbaum/Patterson Group, aiming to prevent the activist group's alleged misleading actions towards shareholders and their proxy contest attempt for Board control. The Company contends that more than 50 aspects of the group's director nomination notice were invalid. CytoDyn claims that the Group's members, including Bruce Patterson, have undisclosed prior ties to the Company and have made misleading statements. The lawsuit emphasizes CytoDyn's focus on advancing its HIV treatment, leronlimab, which has shown promising clinical trial results.

CytoDyn Inc. (OTCQB: CYDY) announced that Brazil’s regulatory authority ANVISA has approved its clinical trial protocol to begin patient enrollment in the CD17 trial for severe COVID-19 patients. This Phase 3 trial, to be conducted by Albert Einstein Israelite Hospital, aims to enroll up to 612 hospitalized patients needing oxygen support to prevent disease progression. An interim analysis will occur after 245 patients are enrolled. CytoDyn’s CEO expressed gratitude for the approval, highlighting the significance of leronlimab in treating COVID-19 and outlining expectations for interim analysis results in 3-4 months.

CytoDyn (OTCQB: CYDY) announced that the director nominations from the Rosenbaum/Patterson Group were invalid due to significant deficiencies in their submission. The group aimed to replace current board members, but their nomination notice failed to comply with company bylaws. Notably, the notice did not disclose the group's past affiliations or conflicts of interest. Consequently, their nominations will not be recognized at the upcoming Annual Meeting on October 28, 2021. CytoDyn is committed to engaging with shareholders and advancing its treatment, leronlimab, for various indications.

CytoDyn Inc. (OTCQB: CYDY) announced a webcast on July 22, 2021, hosted by CEO Nader Pourhassan and other executives to discuss recent clinical trial results for leronlimab, their CCR5 antagonist. The webcast will cover updates on mTNBC, COVID-19, and NASH trials, as well as the status of the BLA resubmission for HIV. Participants can submit questions online before and during the event. The archived webcast will be available for 30 days post-event.

CytoDyn Inc. (OTCQB: CYDY) announced plans to seek FDA guidance on an expedited regulatory path for leronlimab, which has received Fast Track designation for metastatic triple-negative breast cancer (mTNBC). Preliminary Phase 1b/2 trial results show that 72% of treated patients experienced a decrease in CAMLs after a month, correlating with increased progression-free survival by ~300% and overall survival by ~450%. CytoDyn aims to further discuss the regulatory process based on these promising outcomes.

CytoDyn Inc. (OTCQB: CYDY) announced its advancement in the clinical trial of leronlimab for metastatic triple-negative breast cancer, moving from Phase 1b to Phase 2. The trial will administer a 700 mg dosage in combination with carboplatin, with preliminary efficacy data expected in about two weeks. Leronlimab, targeting CCR5, has strong potential across various cancers and has previously achieved primary endpoints in HIV trials. The FDA has granted it Fast Track designation for both HIV and metastatic cancer indications, signaling regulatory support for CytoDyn's innovative approach.

CytoDyn Inc. (OTCQB: CYDY) announced the granting of U.S. Patent No. 11,045,546 for its drug candidate leronlimab, designed to treat coronavirus infections, particularly targeting hyperinflammation caused by SARS-CoV-2. This patent, expected to last until June 15, 2040, reflects the rapid approval process under the USPTO's COVID-19 Prioritized Examination Pilot Program. The patent claims methods for normalizing CD4/CD8 T cell ratios and enhancing CD8 T cell frequency in infected subjects. CytoDyn is advancing several clinical trials for leronlimab, including indications for HIV, COVID-19 long-haulers, and NASH.

CytoDyn (OTCQB: CYDY) announced the submission of a dose justification report to the FDA as part of its Biologics License Application (BLA) for leronlimab, aimed at HIV patients resistant to standard therapies. This report will guide the optimal dosage for the drug. CytoDyn plans to begin BLA module submissions following FDA feedback. The company is also progressing with clinical trials for COVID-19, NASH, and various cancers, with hopes for expanded therapeutic indications and ongoing evaluations. CEO Nader Pourhassan expresses optimism about leronlimab's future, highlighting its potential across multiple diseases.

A group of long-time stockholders in CytoDyn Inc. (CYDY) has nominated five candidates for the Company’s Board of Directors, citing ineffective leadership and failures regarding the Leronlimab drug. The nominees, who include medical professionals and business leaders, aim to replace the current management team to secure FDA approval for Leronlimab and enhance shareholder value. The Nominating Stockholders have also launched a dedicated website for updates and plans to file a proxy statement with the SEC for the solicitation of proxies from other stockholders.