Tauriga Sciences Inc. Updates Shareholders on
Progress Pursuant to the Collaboration Agreement with Aegea
Biotechnologies Inc. for New COVID-19 (SARS-CoV-2)
Tests
NEW YORK, NY and SAN
DIEGO, CA -- November 18, 2020 -- InvestorsHub
NewsWire -- As previously announced, during
April 2020, Tauriga Sciences, Inc. (OTCQB:
TAUG) (“Tauriga”) and Aegea Biotechnologies, Inc. (“Aegea”)
have entered into a collaboration agreement to develop COVID-19
(novel coronavirus) assays. Aegea has made substantial progress in
designing and developing two different, next generation assays for
SARS-CoV-2.
Aegea’s first new SARS-CoV-2 test under development
is designed to have several advantages compared with other COVID-19
PCR assays as a result of the single nucleotide discrimination
capacities of its patented Switch-Blocker
technology. The assay is designed to detect low copy
numbers of viral RNA, therefore potentially detecting the viral
load at much lower levels than conventional PCR-based
assays. If successful, this would be an important
differentiating feature as it has been reported that asymptomatic
patients are able to infect others. As designed, the
COVID-19 PCR assay would also allow for superior specificity in its
ability to identify the different strains of SARS-CoV-2, as well as
distinguish SARS-CoV-2, which is associated with COVID-19, from
other common forms of the SARS
virus.
Aegea’s second SARS-CoV-2 test under development
also makes use of its patented technologies. This test
will be performed on very simple, proprietary, affordable devices
using saliva samples. Aegea’s second SARS-CoV-2 test is
designed to be appropriate for testing at point-of-care and remote
settings.
Recent
Highlights:
- Aegea’s highly sensitive, highly
specific PCR based assay for SARS-CoV-2 has demonstrated single
copy sensitivity. Conservatively, in a full format
assay, the sensitivity is 8 copies per 200uL of sample input (with
95% confidence) using Aegea’s assay; this is significantly more
sensitive than most SARS-CoV-2 tests currently
available
- Aegea is finalizing analytical
validation of its highly sensitive, highly specific PCR-based assay
for SARS-CoV-2. Pending clinical validation, this test
will be commercially available through CLIA laboratories as a Lab
Developed Test (LDT).
- In anticipation of near-term
commercialization and in response to early demand, the custom
synthesis of reagents for the first 1 million Aegea assays is
already underway.
- Key elements of Aegea’s POC
affordable, portable, saliva-based test have been designed,
including the assay
chemistry.
“Aegea has made substantial progress in developing
our next generation tests for SARS-CoV-2,” said Lyle Arnold Ph.D.,
CEO and Founder for Aegea Biotechnologies. Dr. Arnold continued,
“We are delighted that Aegea’s patented technologies have the
potential to help manage the global pandemic by improving
sensitivity, providing additional information regarding COVID
strain types and, in the case of our point of care test in
development, expanding testing access and
frequency.”
Tauriga’s CEO, Mr. Seth Shaw, states, “We are
enthusiastic about Aegea’s prospects and will continue to help with
their commercialization path. We believe that our collaboration
will be valuable to both Tauriga shareholders as well as to the
broader community.”
ABOUT TAURIGA SCIENCES
INC.
Tauriga Sciences, Inc. (TAUG)
is a revenue generating, diversified life sciences company, engaged
in several major business activities and
initiatives. The company manufactures and distributes
several proprietary retail products and product lines, mainly
focused on the Cannabidiol (“CBD”) and Cannabigerol (“CBG”) Edibles
market segment. The main product line, branded as
Tauri-Gum™, consists of a proprietary supplement chewing gum that
is Kosher certified, Halal certified, and Vegan Formulated (CBD
Infused Tauri-Gum™ Flavors: Mint, Blood Orange, Pomegranate), (CBG
Infused Tauri-Gum™ Flavors: Peach-Lemon, Black Currant) &
(Vitamin C + Zinc “Immune Booster” Tauri-Gum™ Flavor: Pear
Bellini). The Company’s commercialization strategy
consists of a broad array of retail customers, distributors, and a
fast-growing E-Commerce business segment (E-Commerce website:
www.taurigum.com). Please visit our corporate website, for
additional information, as well as inquiries,
at http://www.tauriga.com
Complementary to the Company’s retail business, are
its two ongoing biotechnology initiatives. The first one
relates to the development of a Pharmaceutical grade version of
Tauri-Gum™, for nausea regulation (specifically designed to help
patients that are subjected to ongoing chemotherapy
treatment). On March 18, 2020, the Company announced that it
filed a provisional U.S. patent application covering its
pharmaceutical grade version of Tauri-Gum™. The Patent,
filed with the U.S.P.T.O. is Titled “MEDICATED CBD COMPOSITIONS,
METHODS OF MANUFACTURING, AND METHODS OF TREATMENT”. The
second one relates to a collaboration agreement with Aegea
Biotechnologies Inc. for the co-development of a rapid,
multiplexed, Novel Coronavirus (COVID-19) test with superior
sensitivity and
selectivity.
On October 6, 2020, the Company announced that it
has been approved to operate as a U.S. Government Vendor (CAGE CODE
# 8QXV4)
On October 7, 2020 the Company disclosed a
Strategic Alliance with Think BIG, LLC, Social Impact Startup
Founded by CJ Wallace, Son of Christopher “The Notorious B.I.G.”
Wallace.
The Company is headquartered in New York City and
operates a regional office in Barcelona, Spain. In
addition, the Company operates a full time E-Commerce fulfillment
center located in LaGrangeville, New
York.
ABOUT AEGEA BIOTECHNOLOGIES,
INC.
Aegea Biotechnologies, Inc., is a privately held
core technology company based in San Diego, CA. Aegea
has an extensive intellectual property portfolio, with a total of
10 issued US patents related to nucleic acid technologies, plus
foreign equivalents. The company is developing highly
sensitive and specific test for SARS-CoV-2 (novel coronavirus,
COVID-19), as well as a series of reagents, research kits and
in-vitro diagnostic (IVD) products for molecular analysis based on
innovative, patented and proprietary nucleic acid chemistries and
methodologies. AEGEA's offerings are designed to deliver
assay and test results with superior sensitivity and
specificity--quickly and using established assay formats, and
associated instrumentation. In addition, AEGEA offers custom
solutions, including assay development and adaptation of its
technologies for different platforms, and various types of
businesses, including pharmaceutical, biotech, diagnostic, and DNA
sequencing companies, as well as others. In
September, 2020, Aegea was selected as a Semi-Finalist in the
XPrize Rapid COVID Testing Competition. This competition is
ongoing, and Aegea is an active competitor. Aegea’s Selector
Technology patent and related recently published, peer-reviewed
scientific papers can be found in the “Patented Technology” section
of Aegea’s corporate
website: www.aegeabiotech.com.
DISCLAIMER / FORWARD LOOKING
STATEMENTS:
This press release contains certain
“forward-looking statements” as defined by the Private Securities
Litigation Reform Act of 1995 which represent management’s beliefs
and assumptions concerning future events. These forward-looking
statements are often indicated by using words such as “may,”
“will,” “expects,” “anticipates,” believes, “hopes,” “believes,” or
plans, and may include statements regarding corporate objectives as
well as the attainment of certain corporate goals and milestones.
Forward-looking statements are based on present circumstances and
on management’s present beliefs with respect to events that have
not occurred, that may not occur, or that may occur with different
consequences or timing than those now assumed or anticipated.
Actual results may differ materially from those expressed
in forward looking statements due to known and unknown
risks and uncertainties, such as are not guarantees of general
economic and business conditions, the ability to successfully
develop and market products, consumer and business consumption
habits, the ability to consummate successful acquisition and
licensing transactions, fluctuations in exchange rates, and other
factors over which Tauriga has little or no control. Many of these
risks and uncertainties are discussed in greater detail in the
“Risk Factors” section of Tauriga’s Form 10-K and other filings
made from time to time with the Securities and Exchange Commission.
Such forward-looking statements are made only as of the date of
this release, and Tauriga assumes no obligation to update
forward-looking statements to reflect subsequent events or
circumstances. You should not place undue reliance on these
forward-looking
statements.
NON-SOLICITATION:
This press release does not constitute an offer to
sell or the solicitation of an offer to buy any of these
securities, nor will there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or
sale is not
permitted.
CONTACT INFORMATION:
Tauriga Sciences, Inc.
555 Madison Avenue, 5th Floor
New York, NY 10022
Chief Executive Officer
Mr. Seth M. Shaw
Email: sshaw@tauriga.com
cell # (917) 796 9926
Instagram:
@taurigum
Twitter: @SethMShaw
Corp. Website: www.tauriga.com
E-Commerce Website: www.taurigum.com
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