HWGB

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OTHERS UPDATE ON THE JOINT VENTURE PROJECT BETWEEN HWGB BIOTECH SDN BHD (FORMERLY KNOWN AS HWG CONSORTIUM SDN BHD) AND E-MO BIOLOGY INC.

HO WAH GENTING BERHAD

Type Announcement
Subject OTHERS
Description
UPDATE ON THE JOINT VENTURE PROJECT BETWEEN HWGB BIOTECH SDN BHD (FORMERLY KNOWN AS HWG CONSORTIUM SDN BHD) AND E-MO BIOLOGY INC.

Unless otherwise defined, the abbreviations and definitions used in the announcements dated 14 August 2020 and 18 September 2020 shall apply herein.

 

Reference is made to the Ho Wah Genting Berhad’s (“HWGB” or the “Company”) announcement on 18 September 2020, whereby the Company had been informed by E-MO Biology Inc. (“EBI”) that it had entered into agreements with Black Diamond, Roderick A. Comunale II MD Inc. and America Diagnostics & Genescan Diagnostics Inc. for the purposes stated therein in the announcement.

 

The Board of Directors of HWGB is pleased to announce that following the approval from U.S. Food and Drug Administration being obtained on 28 October 2020 by EBI to commence its Phase IV clinical research study on the effectiveness of poliomyelitis virus vaccine for prevention of COVID-19, EBI had on 14 November 2020 entered into a new Clinical Trial Agreement (“New CTA”) with Roderick A. Comunale II MD Inc which supersedes the previous Clinical Trial Agreement entered into as announced on 18 September 2020 (“Initial CTA”).

 

For information purposes, the comparison of the key revised terms contained in the New CTA and the terms set out in the Initial CTA are summarized below:

 

Key terms

As set out in the Initial CTA

As amended through the New CTA

Title of the study

“Inactivated Polio Vaccine in prevention of COVID-19 in high risk population in a Phase IV study".

 

“A study of the immune response induced by a poliovirus vaccine booster (IPV) that cross-reacts with SARS-CoV-2".

Recital

“WHEREAS, EBI desires to conduct…a pilot study services through Roderick A. Comunale II MD Inc., the owner of his own medical practice, acting as the principal investigator for the Study (the “Principal Investigator”) as attached hereto as Exhibit A (the “Pilot program of the vaccine study”), incorporated herein by reference;”

 

This clause had been deleted.

Number of volunteers to be enrolled for the clinical study

 

15-20

25 for Phase 1

275 for Phase 2

Exhibit B

In view of the revision of the above items, laboratory cost and payment schedule to America Diagnostics & GeneScan Diagnostics had been revised accordingly.

 

 

This announcement is dated 16 November 2020.






Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 16 Nov 2020
Category General Announcement for PLC
Reference Number GA1-16112020-00030