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CytoDyn Inc (OTCMKTS: CYDY) Announces Appointments of New Chief Operating Officer and Senior Executive Vice President

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CytoDyn Inc (OTCMKTS: CYDY) has announced that it has appointed Nitya Ray, Ph.D., to act as its Chief Operating Officer and Christopher Recknor as its Senior Executive Vice President of Clinical Operations. Dr. Ray, who has worked more than thirty years in the biotech industry, was one of the first members to work on product development for Leronlimab (PRO 140).

CytoDyn will remain focused on BLA resubmission

The new appointments align with CytoDyn’s goals to change its management structure to advance clinical development and improve the BLA resubmission process.

The appointees’ teams will hire more personnel to complement another hire, Dr. Srinivasan, the CMC Regulatory affairs executive director.

CytoDyn’s main objective remains the BLA submission. Dr. Ray will be in charge of CMC activities and regulatory submissions. Dr. Recknor, on the other hand, will focus on none clinical and clinical activities.

According to Nader Pourhassan, Ph.D., the CEO of CytoDyn, the CMC package for BLA indicates the expertise provided by Dr. Ray and his team. His past performance has enabled the company to have 1.2 million vials of leronlimab ready to be delivered.

The company was able to get a Fast Track Designation from the U.S Food and Drug Administration(FDA) for leronlimab to treat metastatic cancer and Human Immunodeficiency Virus (HIV) in combination with HAART therapy.

How leronlimab works

Leronlimab works by binding to CCR5, which is a crucial cellular receptor in tumour metastasis and HIV. By binding to CCR5 in HIV patients, it prevents the R5 strain of the virus from entering T-cells, thus protecting them from infection. The drug does not work on other HIV strains. It only works on R5, which is the most dominant.

There have been clinical trials, 5 of which show that the drug significantly controls or lowers HIV viral load in patients. Compared to other HIV drugs, it is administered less frequently and has more minor side effects.

Scientists are also testing leronlimab’s efficacy in the treatment of metastatic cancer. It might block CCR5 which plays a role in angiogenesis, tumour metastases, and invasion. The drug lowers breast cancer metastasis in humans using a murine xenograft model by approximately 97%.

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