By Denny Jacob

 

InflaRx NV on Tuesday said Gohibic, a monoclonal anti-human complement factor C5a antibody, was granted emergency use authorization by the Food and Drug Administration.

The clinical-stage biopharmaceutical company said emergency use authorization was for the treatment of Covid-19 in hospitalized patients when initiated within 48 hours of receiving invasive mechanical ventilation.

Shares surged 61% to $3.29 following the news.

InflaRx said its also completed meetings with teams of the European Committee for Medicinal Products for Human Use regarding a planned marketing authorization application with the European Medicines Agency.

Chief Executive Niels Riedemann said that despite the availability of vaccines and other Covid-19 treatments, many patients still develop viral sepsis and progress to a critical status, often requiring invasive mechanical ventilation.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

April 04, 2023 15:27 ET (19:27 GMT)

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