Biotechnology Industry | Healthcare Sector | Robert J. Cobuzzi Jr., CEO | NASDAQ (CM) Exchange | 253748305 Cusip |
US Country | 13 Employees | - Last Dividend | 17 Aug 2023 Last Split | - IPO Date |
Diffusion Pharmaceuticals Inc. is a biopharmaceutical company that focuses on developing innovative therapies aimed at enhancing the body’s ability to deliver oxygen to tissues where it is critically needed. Based in Charlottesville, Virginia, and established in 2001, the company is at the forefront of research in oxygen diffusion technologies. Diffusion Pharmaceuticals Inc. dedicates itself to addressing unmet medical needs, particularly in conditions where oxygen supply to tissues is compromised. The company's exploration into novel treatments spans various potential applications, including the treatment of COVID-19, showcasing their commitment to tackling pressing healthcare challenges.
This lead product candidate is a pioneering therapeutic innovation developed by Diffusion Pharmaceuticals Inc. Its primary function is to enhance oxygen diffusion to tissues that are deprived of adequate oxygen supply. The mechanism of action involves modifying the physical properties of tissue, making it more permeable to oxygen molecules and thereby facilitating improved oxygen delivery. This unique approach to enhancing oxygen delivery to tissues represents a significant advancement in the treatment of conditions characterized by hypoxia, or oxygen deficiency.
In the context of COVID-19, Trans Sodium Crocetinate has shown potential as a therapeutic agent that can mitigate the effects of the virus by enhancing tissue oxygenation. This is particularly important for patients suffering from severe COVID-related pulmonary complications, where oxygen supply to lung tissues is critically reduced. The application of TSC in treating COVID-19 disease underscores the adaptability of Diffusion Pharmaceuticals’ platform technology to address emerging health crises.