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Daewoong Pharmaceutical says anti-parasitic drug effective against coronavirus in animal tests

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South Korea's Daewoong Pharmaceutical said its anti-parasitic drug niclosamide had eliminated the novel coronavirus from animals' lungs during testing. Drugmakers worldwide are rushing to develop treatments for the illness caused by the new coronavirus, which has killed more than 400,000 globally since it first emerged late last year in China. Daewoong said its experimental anti-viral drug completely cleared up the disease in ferrets' lung tissues and inhibited inflammation. The company plans to start human clinical trials in July. Jeon Seng-ho, CEO of Daewoong Pharma said based on the positive outcome of the animal test, the plan to complete human trials and get approval of the COVID-19 treatment drug by the end of this year//JP

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