Benzinga | Mar 15, 2021 10:05AM EDT

Adamis Pharma's Tempol Decreases COVID-19 Related Lung Inflammation In Animal Studies

Adamis Pharmaceuticals Corp (NASDAQ: ADMP) has reported positive data from lab studies conducted in animal models.

* The study showed that Tempol-treated hamsters challenged with COVID-19 infection achieved decreased inflammation in the lungs compared to controls.

* The group plans on submitting the publication to a peer-review journal.

* Recently, the FDA cleared Adamis to proceed with a Phase 2/3 study to examine the effects of Tempol on preventing COVID-19 related hospitalization.

* Price Action: ADMP shares are trading 9.6% higher at $1.14 in market trading hours on the last check Monday.