DALLAS, Oct. 7, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring biopharmaceutical company AVI BioPharma Inc. (Nasdaq:AVII). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on AVI BioPharma Inc. (Nasdaq:AVII) should be of particular interest to other biopharmaceutical companies: Isis Pharmaceuticals (Nasdaq:ISIS), Enzo Biochem Inc. (NYSE:ENZ), Genta Inc. (OTCBB:GETA) and Alnylam Pharmaceuticals Inc. (Nasdaq:ALNY).
It is available at: http://www.beaconequity.com/i/AVII
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AVI BioPharma Inc. (AVII) is an antisense drug development company focused on providing a proprietary technology platform for the treatment of genetic disorders, infections and a range of other diseases. The Company's drug programs are in process of evaluation for the treatment of Duchenne muscular dystrophy and cardiovascular restenosis with its partner Global Therapeutics, a subsidiary of Cook Medical Company. Demonstrated drug efficacy against Ebola Zaire and Marburg Musoke viruses has attracted further investment in clinic trials funded by the U.S. Department of Defense.
In the report, the analyst notes:
"On October 5, 2009, the Company announced that it won additional funding and an expanded contract worth $11.5 million from the Defense Threat Reduction Agency's (DTRA) Transformational Medical Technologies Initiative (TMTI) to further investigate the Company's drug candidate AVI-7012 for the treatment of the Junin virus. The recent award from TMTI brings the total contract value from the DoD to $45 million ...
"The Company received clearance from the U.S. Food and Drug Administration (FDA) for clinical trials of its lead drug candidates to treat Ebola and Marburg viruses, representing the first TMTI-supported drug candidates to gain clearance targeting bioterrorism threats."
To read the entire report visit: http://www.beaconequity.com/i/AVII
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