Many have wondered why Hemispherx Biopharma's (AMEX:HEB) share price has doubled during the past two trading sessions, especially without apparent "material events." Now, BioMedReports, the news portal covering the biomedical news and financial sector has issued a special report, complete with video and an interview with the company's CEO, Dr. William A. Carter.
Those who have been following BioMedReport's coverage know that the stock continued to spike today following a 41% surge on Friday as traders anticipate the upcoming FDA decision on approval of the company's key drug candidate- Ampligen® (poly I:poly C12U)- a synthetic being developed for the potential treatment Ampligen includes application as a treatment for Chronic Fatigue Syndrome (CFS). The stock ended the day on Monday up another 48% and was trading slightly higher after hours.
Chronic Fatigue Syndrome, whose symptoms include widespread muscle and joint pain, cognitive difficulties, chronic, often severe mental and physical exhaustion and other characteristic symptoms in a previously healthy and active person, was largely considered psychosomatic until studies began to prove otherwise. Recently published papers indicate the problem may have it's origins at the genetic level.
"This is a disease that actually involves the genetic machinery, and specifically the machinery involved in mounting an immunological response and also a gene that is involved in energy metabolism," explains Dr. Carter in the report. "We now have a finger print test which can be applied (which didn't exist three or four years ago) and can identify patients at risk. So there has been a sea change in our understanding about the disease."
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