Decoy Therapeutics rises as Gates Foundation backs antiviral drug access
ReutersJan 13, 2026 1:24 PM
Shares of drug developer Decoy Therapeutics DCOY.O rise 6.99% to $0.872 premarket
Co says it has reached agreement with Gates Foundation to develop manufacturing platform for antiviral drugs
Platform aims to make antivirals widely available in low- and middle-income countries, co says
Technology called IMP3ACT enables rapid design and production of drugs for viruses such as flu and people with weakened immune systems, co adds
Co plans to validate platform with experimental nasal spray to prevent coronavirus infections in immunocompromised people
Lead antiviral candidate expected to be submitted to U.S. regulators within a year, DCOY says
As of last close, stock down ~97% over past year
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