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Newfoundland & Labrador > Business > Reuters

German regulators approve trial of French group Abivax's coronavirus product

Reuters | Posted: May 25, 2020, 5:24 a.m. | Updated: May 25, 2020, 4:20 a.m. | 1 Min Read

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PARIS (Reuters) - French biotech group Abivax said on Monday German regulators had approved a trial to test its 'ABX464' product to help COVID-19 patients, following earlier French regulatory approval.

Abivax said it received funding of 36 million euros ($39.20 million) from French state bank BPIfrance for the product, and added it hoped to win regulatory approval in other countries such as Belgium, Britain, Italy and Spain.

(Reporting by Sudip Kar-Gupta; Editing by Clarence Fernandez)

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