Oragenics Inc. (NYSE: OGEN), a Tampa-based biotech firm, has raised $20 million from the sale of common stock and will use some of the funding to boost its research into a Covid-19 vaccine. The company’s vaccine, known as Terra CoV-2 and produced from a spike protein licensed from the National Institutes of Health, has gone through one round of clinical trials, to date, and a second phase is in the works. According to a Feb. 2 news release, the vaccine has been shown to produce protective immunity to the coronavirus in mice.
“We are in scale-up phase right now,” Oragenics President and CEO Dr. Alan Joslyn said in an interview with the Catalyst. “Our goal is to have an immediate intense response, which will hopefully lead to the development of a single-dose vaccine.”