India, Feb. 20 -- Bonus Biogroup (BONS), a late-stage biotechnology company, on Thursday announced that it has received U.S. FDA clearance for its Investigational New Drug or IND application to proceed with a Phase III clinical study of MesenCure.

This study will evaluate the efficacy and safety of MesenCure, an enhanced allogeneic cell therapy consisting of adipose tissue-derived mesenchymal stromal cells or MSC, in treating respiratory distress in severely ill patients, particularly those suffering from pneumonia related to COVID-19.

Bonus Biogroup is working to expand the study to include acute respiratory distress syndrome or ARDS, with findings from Phase II clinical trials showing promising results such as a 68 percent reduction in ...