Altamira's Bentrio Nasal Spray Approved In Malaysia
The Medical Device Authority of Malaysia has approved Altamira Therapeutics Ltd's (NASDAQ: CYTO) Bentrio.
"We are very pleased with the swift 'go-to-market' progress in Malaysia and Singapore," commented Thomas Meyer, Founder, Chairman, and CEO. As previously indicated, we expect Bentrio sales in Asian markets to contribute to our 2022 revenues significantly."
Bentrio (AM-301) is a drug-free nasal spray intended for personal protection against airborne viruses and allergens.
The spray forms a protective gel layer on the nasal mucosa upon application into the nose, designed to prevent the contact of viruses or allergens with cells.
In human nasal epithelium cells infected by COVID-19, Bentrio reduced the infectious viral load by more than 99% when used for prevention.
Further, Bentrio effectively slowed the growth of the viral titer when treatment started only 24 or 30 hours after infection.
In allergy, a clinical investigation in a pollen challenge chamber demonstrated a significant reduction in the main symptoms of allergic rhinitis with the protective effect setting in rapidly and lasting for 4 hours.
Price Action: CYTO shares are down 8.22% at $1.34 during the market session on the last check Friday.
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