|By Business Wire||
|March 12, 2014 07:02 AM EDT||
NanoViricides, Inc. (NYSE MKT:NNVC) (the “Company”) has posted the Company’s CEO Dr. Seymour’s “Letter to Shareholders” on its website (www.nanoviricides.com) yesterday. Dr. Seymour has provided a calendar year end overview of the Company for the benefit of the shareholders in this letter. In response to inquiries Dr. Seymour has received from several shareholders, this letter also discusses the strong performance of NanoViricides, Inc. since it was founded in 2005, the Company’s continued progress in developing its platform technology, its rich and wide pipeline of industry-leading broad-spectrum antiviral drug candidates, the global intellectual property leadership, the Company’s strong corporate governance, the Company’s frugal business strategy that has helped the Company produce a strong and wide drug pipeline at a very low cost of development compared to the industry, and select highlights of what the Company expects to achieve in calendar year 2014 and the near future.
In addition, the Company announces that Dr. Seymour will present an overview of the Company today at the annual Roth Capital Conference that is currently underway at the Ritz-Carlton Hotel in Laguna Niguel, California. This is the second year that Dr. Seymour has been asked to present at this invitation-only conference.
NanoViricides, Inc. (www.nanoviricides.com) is a development stage company that is creating special purpose nanomaterials for viral therapy. The Company's novel nanoviricide® class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them. The Company is developing drugs against a number of viral diseases including H1N1 swine flu, H5N1 bird flu, seasonal Influenza, HIV, oral and genital Herpes, viral diseases of the eye including EKC and herpes keratitis, Hepatitis C, Rabies, Dengue fever, and Ebola virus, among others.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by NanoViricides, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities. Although it is not possible to predict or identify all such factors, they may include the following: demonstration and proof of principle in pre-clinical trials that a nanoviricide is safe and effective; successful development of our product candidates; our ability to seek and obtain regulatory approvals, including with respect to the indications we are seeking; the successful commercialization of our product candidates; and market acceptance of our products.