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PRESS RELEASE: Marinomed Biotech AG expands distribution of Corona virus blocker Carragelose into Brazil and Mexico

07/06/2021 | 01:47am EDT
DGAP-News: Marinomed Biotech AG / Key word(s): Alliance 
Marinomed Biotech AG expands distribution of Corona virus blocker Carragelose into Brazil and Mexico 
2021-07-06 / 07:45 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Marinomed Biotech AG expands distribution of Corona virus blocker Carragelose into Brazil and Mexico 
  . Latin America specialist M8 Pharmaceuticals obtains exclusive license for marketing Carragelose nasal spray 
  . M8 will pursue local approval of Carragelose nasal sprays in Brazil and Mexico 
  . Carragelose-based products for prevention and therapy of respiratory viral infections are available without 
    prescription (OTC) in more than 40 countries worldwide 
  . Carragelose has been shown to effectively inactivate SARS-CoV-2 wildtype and variants 
Korneuburg, Austria, 06 July 2021 - Marinomed Biotech AG (VSE:MARI), an Austrian science-based biotech company with 
globally marketed therapeutics derived from innovative proprietary technology platforms, announced today that 
Carragelose based nasal sprays have been outlicensed for the Brazilian and Mexican markets. Marinomed has entered into 
an exclusive license agreement with M8 Pharmaceuticals (formerly moksha8). M8 is a specialty pharmaceutical company 
focused on licensing, marketing, and distributing innovative and established therapeutics in the two largest Latin 
American markets, Brazil and Mexico. M8 will be responsible for pursuing the local approvals in Brazil and Mexico, 
after which the Carragelose nasal spray will be launched under the trade name Barlo^(R), further expanding the 
geographical reach. Carragelose products are already available without prescription (OTC) in more than 40 countries. 
Carragelose has a clinically proven high efficacy in preventing infection and viral spread of multiple respiratory 
viruses including both endemic Corona viruses such as OC43 as well as SARS-CoV-2. 
"An agreement with a partner as experienced and strong on the Latin American markets like M8 underlines Marinomed's 
increasing recognition and helps us to expand the global reach of Carragelose," said Dr. Andreas Grassauer, CEO of 
Marinomed. "We strongly believe that the antiviral efficacy of Carragelose, inactivating SARS-CoV-2 independently of 
the actual variant, can make an important contribution in combating the pandemic, supporting the preventative hygiene 
measures taken worldwide." 
Carragelose has been well established to prevent respiratory infections by various viruses, including certain influenza 
and endemic Coronaviruses.^1 Since the beginning of the COVID-19 pandemic, Carragelose has been shown to effectively 
inactivate both wildtype^2 and common variants^3 of the new Coronavirus SARS-CoV-2, including the so-called P1 or gamma 
variant. Clinical data from an independent study in Argentina had demonstrated an 80 % reduction in PCR-confirmed 
COVID-19 cases in hospital staff after Carragelose-treatment.^4 
About Carragelose^(R): 
Carragelose^(R) is a sulfated polymer from red seaweed and is a unique, broadly active anti-viral compound. It is known 
as a gentle yet effective and safe prevention and treatment against various viral respiratory infections. Several 
clinical and preclinical studies have shown that Carragelose^(R) forms a layer on the mucosa which wraps entering 
viruses, thereby inactivates them and prevents them from infecting cells. Increasing clinical evidence indicates that 
Carragelose^(R) can also inactivate SARS-CoV-2.^1,4 Marinomed is the holder of the IP rights and has licensed 
Carragelose^(R) for marketing in Europe, parts of Asia, Canada, and Australia. For a full list of Marinomed's portfolio 
of Carragelose^(R) containing nasal sprays and oral products, please visit https://www.carragelose.com/en/portfolio/ 
launched-products, for a list of scientific publications on Carragelose^(R), please visit https://www.carragelose.com/ 
en/publications. 
About Marinomed Biotech AG 
Marinomed Biotech AG (Korneuburg, Austria) (VSE:MARI) is an Austrian science-based biotech company with globally 
marketed therapeutics listed on the Prime Market of the Vienna Stock Exchange. The company focuses on the development 
of innovative products based on two patent-protected technology platforms. The Marinosolv^(R) technology platform 
increases the efficacy of hardly soluble compounds for the treatment of sensitive tissues such as eyes, nose, lung or 
gastrointestinal tract. The Carragelose^(R) platform comprises innovative patent-protected products targeting viral 
infections of the respiratory tract and can reduce the risk of an infection with SARS-CoV-2. Carragelose^(R) is used in 
nasal sprays, throat sprays and lozenges, which are sold via international partners in over 40 countries worldwide. 
Marinomed, Marinosolv^(R) and Carragelose^(R) are registered trademarks of Marinomed AG. These trademarks may be owned 
or licensed in select locations only. Further information is available at https://www.marinomed.com/en/ 
technologies-markets/markets. 
^1 https://www.carragelose.com/en 
^2 https://www.marinomed.com/en/news/ 
marinomed-biotech-ag-publishes-new-supporting-data-on-the-in-vitro-efficacy-of-carragelose-against-sars-cov-2 
^3 https://www.marinomed.com/en/news/ 
marinomed-biotech-ag-announces-positive-data-demonstrating-carragelose-efficacy-against-sars-cov-2-variants 
^4 https://www.marinomed.com/en/news/ 
marinomed-biotech-ag-shares-positive-clinical-trial-results-for-iota-carrageenan-nasal-spray-in-the-prevention-of-covid-19-1 
For further inquiries contact: 
Marinomed Biotech AG                                    International Media and IR Contact 
Lucia Mayr-Harting                                      MC Services AG 
Hovengasse 25, 2100 Korneuburg, Austria                 Dr. Brigitte Keller, Julia Hofmann 
T +43 2262 90300                                        T +49 89 210228 0 
E-mail: pr@marinomed.com                                UK: Shaun Brown 
http://www.marinomed.com                                M: +44 7867 515 918 
                                                        E-mail: marinomed@mc-services.eu 

Disclaimer This press release contains forward-looking statements, which are based on current views, expectations and projections of the management of Marinomed Biotech AG about future events. These forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results, performance or events to differ materially from those described in, or expressed or implied by, such statements. The current views, expectations and projections of the management of Marinomed Biotech AG may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project" and "target". Forward-looking statements are only valid as of the date they are made and Marinomed Biotech AG does not assume any obligation to update, review or revise any forward-looking statements contained in this press release whether as a result of new information, future developments or otherwise. -----------------------------------------------------------------------------------------------------------------------

2021-07-06 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

1215383 2021-07-06

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1215383&application_name=news 
 

(END) Dow Jones Newswires

July 06, 2021 01:46 ET (05:46 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.03% 6.3401 Delayed Quote.-0.61%
MARINOMED BIOTECH AG 0.00% 117 Delayed Quote.-1.68%
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