Potential Coronavirus Treatment Slated for Lab Testing

People wear surgical masks as they walk along Chinatown's Grant Avenue in San Francisco, California on Feb. 26, 2020. Justin Sullivan/Getty Images

Innovation Pharmaceuticals on Thursday said it would soon ship a potential treatment for the new coronavirus to a regional biocontainment laboratory for testing.

The drug candidate, Brilacidin, can potentially treat the COVID-19 disease, which is caused by the new virus.