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Merck Seals $425M Buyout Deal with OncoImmune for COVID-19 Drug

The deal with OncoImmune will see Merck take up the ownership of CD24Fc with additional payment made to OncoImmune based on future favorable regulatory approvals associated with the drug.American multinational pharmaceutical company Merck & Co Inc (NYSE: MRK) has inked a $425 million deal with OncoImmune, a privately-held, clinical-stage biopharmaceutical

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US Agency Says Chinese Drug Traffickers Used Bitcoin to Launder Proceeds

The U.S. Office of Foreign Assets Control (OFAC), a division of the Treasury Department, sanctioned four Chinese nationals for allegedly using cryptocurrency to launder proceeds from illicit drug transactions. In a press release Friday, OFAC announced that Songyan Ji, Longbao Zhang, Guifeng Cheng and Guangfu Zheng, as well as Global Biotechnology Inc.,

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Blockchain-Fueled Company Mateon Develops Phase 3 Clinical Drug Candidate, Against COVID-19 – OT-101

Blockchain company Mateon Therapeutics (OTCQB:MATN)  has delivered the requisite testing results to Golden Mountain Partners (GMP) confirming the applicability and potential use of OT-101 for the treatment of COVID-19.Amit Shah, CFO of Mateon stated:“I am excited about the potential use of OT-101 against COVID-19. I congratulate the Mateon team on

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No Evidence of Crypto-Related Charge in Maduro Drug Cases

Several Venezuelan leaders recently came under fire for alleged criminal acts, although, contrary to initial impressions, the situation did not directly involve cryptocurrency usage.“Maduro and his co-defendants are not alleged to have been involved with crypto, directly,” Ashok Ayyar, counsel at Experience Legal, told CryptoX.A number of Venezuelan officials,

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Blockchain-Fueled Company Mateon Report Positive Results For Multiple Covid-19 Drug Candidates

Sharing is caring!Created by the recent merger of TGF-beta RNA therapeutics developer Oncotelic and PoinTR – a cluster computer vision empowered blockchain company,  a new immuno-oncology company Mateon has been created. Mateon is dedicated to the development of first in class RNA therapeutics and is particularly focussing on the development

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