Las Vegas, NV -- (SBWIRE) -- 10/01/2013 -- NanoViricides Inc (OTCBB:NNVC) shared the management discussion on the annual report for the year ended June 30, 201he company says that it has cash and cash equivalents of $13.92 million.
NNVC believes that it has enough funds to finance its drug candidate trials. The company plans to carry on tests of FlucideTM as clinical trial on individuals.
The company anticipates investing $10 million on research and development in the coming 24 months. Also the company will spend a net of $2 million capital costs and $2 million corporate costs.
NanoViricides, Inc.is nano-biopharmaceutical firm. The company discovers, develops and commercializes therapeutics to treat life-threatening viral infections. NNVC offers many drugs in that are based on several patents. The company is offering and working on drugs for treatment of HIV, Asian Bird Flu Virus, Herpes Simplex Virus, Hepatitis C and B etc.
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