FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Hydroxychloroquine Side Effects Potentially Mitigated by Transdermal Delivery.”
Codebase Ventures Inc. (OTCQB: BKLLF) (CSE: CODE), an investment company, is pleased to expand upon its announcement of April 16th regarding its agreement to acquire a 49% interest in an arms-length private company with the rights to a provisional patent for a transdermal drug delivery system for hydroxychloroquine (HCQ) to treat malaria, lupus and rheumatoid arthritis.
Codebase Ventures Inc. is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow’s standards with platforms, protocols and innovations – not just products. We invest early, support those founders, take their ideas to market and work tirelessly to help them realize their vision.
As the viral pandemic continues to spread, so too does the world’s collective uncertainty regarding when and how quickly we will return to normalcy. In the meantime, the number of infected in the United States continues to rise. According to researchers at Johns Hopkins University, the number of confirmed cases in the US is approaching 800,000 with more than 40,000 deaths were recorded. New York is by far the worst-hit state, with more than 18,000 deaths, while more than 4,000 have died in New Jersey and more than 2,000 in Michigan. Despite the high numbers, plans to get as many Americans back into the workplace as quickly as possible are underway. Experts warn however, that the economy should not be reopened too soon. “If you jump the gun and go into a situation where you have a big spike, you’re gonna set yourself back,” Dr Anthony Fauciexplained, “So as painful as it is to go by the careful guidelines of gradually phasing into a re-opening, it’s going to backfire. That’s the problem. Unless we get the virus under control, the real recovery economically is not going to happen.”
Over the course of the last two months, diagnostic testing has improved, ye still lags behind what most public health experts claim is needed to prevent a second wave. Antibody testing is, in fact, is just beginning and may not be always accurate. Just last week, FDA Commissioner Stephen Hahn told NBC that “I am concerned that some of the antibody tests that are in the market that haven’t gone through the FDA scientific review may not be as accurate as we’d like them to be. No test is 100 percent perfect. But what we don’t want are wildly inaccurate tests. Because, as I said before, that’s going to be much worse.” With the spread of the pandemic, various companies from a vast field of industries, including biotechs, medical device manufacturers, tech conglomerates and others have all made various announcements of products or services related to the pandemic.
For more information, please visit: Codebase Ventures Inc.
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