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Starpharma: Advances progress for COVID-19 nasal spray | Fintech InShorts: Latest fintech news, analysis by experts

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Starpharma: Advances progress for COVID-19 nasal spray

By Steve Sam

October 30, 2020

During the September quarter, Starpharma (SPL) achieved several milestones with its SPL7013 COVID-19 nasal spray
Additionally, the pharmaceutical company made progress with its Dendrimer Enhanced Product (DEP) candidates and VivaGel BV
The DEP candidates used to treat varying tumours and all are progressing well with phase 2 trials
The product launched in the Nordic region and regulatory approvals were received for countries in Africa and the Middle East
As of September 30, Starpharma had a cash balance of $24.9M, a decrease from the $36.8M in the prior corresponding period
Net operating cash outflows were $4.7 million, with the majority going towards research and development, and staff costs

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