Info on Viragen's (VRA) HC drug that one elite trader participant attempted to discredit. This portion of, a page worth of info, was copied from Viragen's site and hereby pasted. Please refer to viragen.com for complete information regarding the company and the company's programs.
What is Multiferon�
Multiferon is a highly purified, multi-subtype, natural human alpha interferon derived from human white blood cells, a central component of the bodyâs immune system. It has been studied in more than 1600 patients in clinical and supporting studies, including hepatitis C, malignant melanoma and other cancers.
Multiferon is expected to offer a safe and effective first-line or second-line therapy for many viral and malignant indications including chronic hepatitis C and certain cancers.
Multiferon is approved in Sweden and Mexico for the second-line treatment of any and all diseases in which recombinant (synthetic) interferon therapy failed or the patient was unable to tolerate the regimen, probably due to the formation of neutralizing antibodies. Multiferon is also approved for sale in the following countries as a second-line therapy for the treatment of Hairy Cell Leukemia (HCL) and Chronic Myelogenous Leukemia (CML): Czech Republic, Egypt, Hong Kong, Indonesia, Myanmar, South Africa and Thailand. The expanded indications approved in Sweden and Mexico are expected in these countries shortly. Regulatory approval processes are also underway in a number of other South American, Middle East and Far East territories.
It is estimated that a large portion of patients treated with recombinant interferon fail to respond to standard therapy. It is this market that the Viragen is focusing on. This substantial percentage of patients whose standard hepatitis C treatments failed or could not be tolerated represents a critical need for an alternative strategy since no other secondary treatment is currently approved.