Omeros’ COVID-19 treatment shows promise, shares jump

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Omeros Corp said on Monday its experimental treatment helped six patients, with acute respiratory distress syndrome caused by COVID-19, recover and get discharged from the hospital, sending the drug developer’s shares up 60%.

The company said it was in talks with the U.S. government for potential funding to speed up large-scale manufacturing for broader availability of the treatment, narsoplimab.

All six patients had underlying conditions and needed mechanical ventilation before treatment, Omeros said.

Acute respiratory distress syndrome, or ARDS, causes fluid to collect in the lungs, depriving organs of oxygen. COVID-19 patients with ARDS often require intensive care.

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