Marinomed Sees Sales of Virus-Blocking Nasal Spray Drop To Pre-Pandemic Levels

A "pandemic overhang" is impacting sales of Marinomed's virus-blocking nasal spray platform, Carragelose, which remains under strategic review by the company.

Nasal spray nose
• Source: Shutterstock

Austrian biotech Marinomed said sales of its virus-blocking compound Carragelose had slumped to pre-pandemic levels as a three-year period of elevated demand came to an end.

“After SARS-CoV-2-driven record sales in the last years, the market is now suffering a pandemic overhang with high customer stock levels and the return of the typical volatile seasonality,” commented CEO Andreas Grassauer

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