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Akari CEO Says Synthetic Royalties May Be Used To Fund Coversin Trials

 
• By Sten Stovall

Akari Therapeutics will explore novel funding options to pay for Phase III trials of Coversin, its lead asset, derived from a native protein discovered in the saliva of the Ornithodoros moubata tick.

Ticks
Akari Marching Tick-Derived Coversin To Phase III PNH Trials • Source: Akari Therapeutics PLC

Akari Therapeutics PLC plans to progress its sole molecule Coversin into Phase III trials in the rare blood disease paroxysmal nocturnal hemoglobinuria (PNH) and is considering various ways to fund that exercise, including issuance of new shares and use of novel financing vehicles called synthetic royalties.

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