PROJECT SUMMARY/ABSTRACT CMTx Biotech is a drug development company working to rescue and repurpose a proprietary clinical-stage drug candidate, incyclinide (CMT-3 / COL-3), for the treatment of patients infected with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) and suffering from Coronavirus disease 2019 (COVID-19). Since late December 2019, an outbreak of a novel zoonotic coronavirus (SARS-CoV-2 / COVID-19) with clinical presentations greatly resembling viral pneumonia has claimed the lives of over 418,000 worldwide, including over 117,000 in the U.S. alone (as of 6/13/2020). COVID-19 is highly contagious, infecting over 7.4 million patients globally so far, with an average incubation period of 4 days. Frequently reported COVID-19 symptoms include fever, cough, myalgia or fatigue, and shortness of breath. Approximately 20-30% of hospitalized COVID- 19 patients have required intensive care for respiratory support. COVID-19 can lead to acute lung injury, ARDS, multiple organ failure and death. Studies have shown that COVID-19 has a mortality rate of up to 4.2%. Predictors of fatal outcomes include age, the presence of underlying diseases or secondary infection, as well as elevated inflammatory indicators in the blood, and mortality may be due to virus-activated “cytokine storm syndrome” or fulminant myocarditis. There is currently no vaccine for COVID-19, and only Remdesivir (Gilead Sciences) has shown efficacy in a randomized, double-blind, placebo-controlled clinical trial, along with Emergency Use Authorization from the FDA. Clinical management of COVID-19 patients includes prompt implementation of recommended infection prevention and control measures, as well as supportive management of complications, including mechanical ventilation and advanced organ support. CMTx Biotech is working to repurpose and commercialize incyclinide as a once-daily, orally-administered treatment for hospitalized COVID- 19 patients. Incyclinide is a clinical-stage, non-antibiotic, chemically-modified tetracycline that belongs to a class of pleiotropic matrix metalloproteinase (MMP) modulators which inhibit pathologically-excessive collagenolysis and resolve systemic inflammation. Two recent independent studies performed in silico have suggested that incyclinide may have significant therapeutic benefit in patients with COVID-19. Importantly, the safety of incyclinide has already been demonstrated in Investigational New Drug (IND)-enabling studies, and incyclinide has been evaluated in a number of human clinical trials for the treatment of diseases as disparate as AIDS- related Kaposi's sarcoma, recurrent high-grade gliomas, refractory metastatic cancer, acne, rosacea and periodontitis. Published pre-clinical efficacy studies have shown that systemic administration of incyclinide prevents the development of ARDS and septic shock, and improves survival in several chronic insidious onset animal models of ARDS across several species, including mice, rats,...