Company Description
NanoViricides, Inc. (NNVC) is a clinical stage biotechnology company focused on creating special purpose nanomaterials for antiviral therapy. Classified in research and development in biotechnology within the professional, scientific, and technical services sector, the company describes itself as a nano-biopharmaceutical enterprise engaged in discovering, developing, and commercializing therapeutics for life‑threatening viral infections. Its common stock trades on the NYSE American exchange under the symbol NNVC.
Core Technology and Business Model
NanoViricides has developed a novel nanoviricide™ class of drug candidates and related nanomedicine technology. According to the company, these drug candidates are based on intellectual property, technology, and proprietary know‑how licensed from TheraCour Pharma, Inc. The company states that its business model is based on licensing technology from TheraCour for specific application verticals of specific viruses, as established at its foundation in 2005. It reports having obtained broad, exclusive, sub‑licensable field licenses from TheraCour for several antiviral drug fields.
The company explains that its approach is host‑mimetic and direct‑acting: nanoviricide drug candidates are designed to mimic critical features on the host cell surface that viruses use as attachment receptors, such as sulfated proteoglycans including heparan sulfate (HSPG). By presenting these features on a dynamic polymeric micelle (nanomicelle), the drug candidates aim to entice virus particles to bind to the nanoviricide instead of host cells, leading to engulfment and loss of infectivity.
Lead Drug Candidate NV-387
The company identifies NV‑387 as its lead, broad‑spectrum antiviral drug candidate. NanoViricides describes NV‑387 as a Phase II clinical stage drug candidate based on a novel mechanism of action and a nanomedicine technology that defines a new class of drugs. The company states that NV‑387 is designed to:
- Mimic conserved sulfated proteoglycan attachment receptors, including heparan sulfate features, that over 90% of human pathogenic viruses are known to use for binding to host cells.
- Form a nanomicelle that presents numerous binding sites to virus particles, encouraging the virus to bind and become engulfed.
- Attack the virus particle directly, aiming to destroy its ability to infect cells.
According to NanoViricides, this mechanism is intended to make viral escape from NV‑387 highly unlikely, because viruses that remain pathogenic in humans continue to require binding to sulfated proteoglycans as attachment receptors even as they evolve.
Therapeutic Focus and Indications
NanoViricides reports that it is developing NV‑387 as a broad‑spectrum antiviral for multiple indications. The company states that it plans to develop NV‑387 as a treatment for:
- Respiratory Syncytial Virus (RSV)
- COVID and Long COVID
- Seasonal Influenza and potential pandemic influenza strains
- Other respiratory viral infections (viral ARI/SARI)
- MPox (Monkeypox) and Smallpox
- Measles
The company notes that NV‑387 has been evaluated in multiple lethal animal models of viral lung infection, including RSV, Influenza A (H3N2), coronaviruses, orthopoxviruses, and Measles virus. In its public statements, NanoViricides reports that NV‑387 was found to be substantially superior to existing drugs such as oseltamivir (Tamiflu), peramivir (Rapivab), baloxavir (Xofluza), and remdesivir in certain animal models, and that it achieved complete cure in an RSV animal study. The company also states that NV‑387 has completed a Phase I human clinical trial in healthy subjects, where it reports no reportable adverse events and describes the drug as safe and well tolerated in that setting.
Clinical Development and Regulatory Strategy
According to recent company disclosures, NanoViricides is focused on advancing NV‑387 into Phase II human clinical trials. The company reports that:
- A Phase II clinical trial of NV‑387 for the treatment of MPox in the Democratic Republic of Congo has received approval from the regulatory agency ACOREP, subject to completion of certain documentation.
- A separate Phase II clinical trial is being planned to evaluate NV‑387 as a first‑line therapy for viral acute and severe acute respiratory infections (viral ARI/SARI), where physicians could prescribe treatment based on symptoms without prior identification of the specific virus.
- The company is preparing orphan drug designation applications for NV‑387 for MPox, Smallpox, and Measles, and has engaged a regulatory consulting firm to help formulate its orphan drug strategy and prosecute applications at the US FDA Office of Orphan Products.
NanoViricides emphasizes that there is, according to its statements, no approved drug for the treatment of RSV, Measles, or MPox, and that existing smallpox‑related countermeasures have limitations. It positions NV‑387 as a potential candidate to address these unmet medical needs and as a possible component of pandemic and bioterrorism preparedness, while also noting that typical drug development is lengthy, capital‑intensive, and subject to significant risk.
Pipeline Beyond NV-387
In addition to NV‑387, NanoViricides describes a broader antiviral pipeline built on its nanoviricide platform:
- NV‑HHV‑1: A clinical‑ready pan‑herpesvirus drug candidate that the company states has shown activity against HSV‑1, HSV‑2, and VZV, and is expected to have activity against CMV, HHV‑6, and HHV‑8. The company plans to develop NV‑HHV‑1 for the treatment of Shingles.
- NV‑HIV‑1: An anti‑HIV drug candidate that NanoViricides reports has shown strong efficacy in a SCID‑hu‑Thy‑Liv animal model of HIV infection.
- NV‑CoV‑2 and NV‑CoV‑2‑R: COVID‑19 drug candidates based on NV‑387 as the active pharmaceutical ingredient. NV‑CoV‑2 does not encapsulate remdesivir, whereas NV‑CoV‑2‑R consists of NV‑387 with remdesivir encapsulated within its polymeric micelles. The company believes that, because remdesivir is already US FDA‑approved, its encapsulated candidate may be approvable if safety is comparable, while noting that this belief is not an FDA evaluation.
The company also states that it is developing drug candidates against a range of other viral diseases, including oral and genital herpes, viral diseases of the eye (including EKC and herpes keratitis), H1N1 swine flu, H5N1 bird flu, seasonal influenza, HIV, Hepatitis C, Rabies, Dengue fever, and Ebola virus, among others.
Platform Capabilities
NanoViricides describes its nanoviricide platform as a fully synthetic, scalable technology stack that can be adapted for different targets. According to the company, the platform enables:
- Design of antiviral nanomicelles that mimic specific host‑side receptors used by viruses.
- Encapsulation of small molecules, peptides, or proteins to protect them from metabolism and enable oral drug delivery, including for compounds that are otherwise difficult to deliver.
- Potential “drug rescue” by encapsulating challenging or failed drug candidates to improve their clinical viability.
- Customizable, “zip‑code‑like” targeting of encapsulated drugs to particular tissues, cells, bacteria, or viruses, by modifying the targeting ligands on the nanomicelle.
The company states that its platform and programs are based on TheraCour’s nanomedicine technology, which TheraCour licenses from AllExcel. NanoViricides reports that it holds a worldwide exclusive perpetual license to this technology for several drugs with specific targeting mechanisms for treatment of multiple human viral diseases, including HIV/AIDS, HBV, HCV, Rabies, HSV‑1 and HSV‑2, VZV, influenza and Asian bird flu, Dengue viruses, Japanese encephalitis virus, West Nile virus, Ebola/Marburg viruses, and certain coronaviruses. The company also notes its intention to obtain licenses for RSV, poxviruses, and/or enteroviruses if initial research is successful.
Corporate and Regulatory Status
NanoViricides is a publicly traded company listed on NYSE American under the symbol NNVC. Recent SEC filings, including Form 8‑K and a definitive proxy statement, confirm its status as an operating registrant with common stock registered under Section 12(b) of the Securities Exchange Act. The company holds annual shareholder meetings, files quarterly and annual reports, and enters into securities purchase agreements and registered direct offerings to fund operations. It also discloses employment agreement extensions with key executives and a shareholder‑provided line of credit, reflecting its financing approach as a clinical stage biotechnology issuer.
Across its public communications, NanoViricides repeatedly cautions that the development path for pharmaceutical products is lengthy and requires substantial capital, and that there can be no assurance that any of its drug candidates will demonstrate sufficient effectiveness and safety for human clinical development or result in approved products. The company also clarifies that references to “safety” and “effectiveness” in its materials refer to research and clinical trial findings and do not indicate evaluation by the US FDA.
Risk and Uncertainty
The company explicitly notes standard biotechnology development risks, including scientific, regulatory, and financial uncertainties. It highlights that successful laboratory or animal model results, including those for coronavirus, influenza, RSV, MPox, Smallpox, and Measles, may not translate into successful clinical trials or approved pharmaceutical products. Investors and observers are directed, through the company’s SEC filings, to consider these risks when evaluating NanoViricides and its pipeline.
Stock Performance
Nanoviricides (NNVC) stock last traded at $1.03, down 4.74% from the previous close. Over the past 12 months, the stock has lost 22.0%. At a market capitalization of $22.7M, NNVC is classified as a micro-cap stock with approximately 21.6M shares outstanding.
Latest News
Nanoviricides has 10 recent news articles. Of the recent coverage, 6 articles coincided with positive price movement and 4 with negative movement. Key topics include clinical trial, private placement, offering. View all NNVC news →
SEC Filings
Nanoviricides has filed 5 recent SEC filings, including 1 Form 10-Q, 1 Form 424B3, 1 Form EFFECT, 1 Form DEL AM. The most recent filing was submitted on February 17, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all NNVC SEC filings →
Financial Highlights
Nanoviricides generated $0 in revenue over the trailing twelve months, operating income reached -$9.6M, and net income was -$9.5M. Diluted earnings per share stood at $-0.63. The company generated -$8.5M in operating cash flow. With a current ratio of 1.28, the company maintains adequate short-term liquidity.
Upcoming Events
Series A warrants exercisable
Series B warrants exercisable
Warrants exercisable
US Phase 2 follow-up
Nanoviricides has 4 upcoming scheduled events. The next event, "Series A warrants exercisable", is scheduled for May 12, 2026 (in 52 days). 3 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the NNVC stock price.
Short Interest History
Short interest in Nanoviricides (NNVC) currently stands at 789.9 thousand shares, up 20.1% from the previous reporting period, representing 3.8% of the float. Over the past 12 months, short interest has increased by 443%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Nanoviricides (NNVC) currently stands at 2.7 days, up 30% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 89.6% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.7 days.
NNVC Company Profile & Sector Positioning
Nanoviricides (NNVC) operates in the Biotechnology industry within the broader Pharmaceutical Preparations sector and is listed on the NYSE.
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