News Outlets Highlight Virpax Pharmaceuticals and Its Potential Solutions for the Opioid Crisis and COVID-19

 - Chief Executive Officer and Chief Scientific Officer Interviewed About Pipeline and Pharma Trends -

Virpax® Pharmaceuticals, Inc. (“Virpax” or the “Company”) (NASDAQ: VRPX), a company specializing in developing non-addictive product candidates for pain management, as well as PTSD, CNS disorders and anti-viral indications, has been featured in several news outlets discussing potential solutions for two pressing issues: the opioid epidemic and the COVID pandemic.

An article published by BioBuzz titled “Pain Management Company Virpax Sees Promise in Potential COVID-19 Antiviral OTC” focuses on the drug candidate, AnQlar™, an intranasal molecular masking spray in development as an anti-viral over-the-counter (OTC) product for protection against respiratory infections, such as SARS-CoV-2, and influenza. The article also discusses Virpax’s non-addictive pain management drug candidates: Epoladerm™ for pain associated with osteoarthritis of the knee and Probudur™, a local anesthetic for post-surgical pain.

An article published by BioSpace titled “How Pharma and Academia are Tackling the Opioid Epidemic” includes insight from Anthony Mack, CEO of Virpax, about the opioid crisis and the company’s development of non-addictive pain management solutions. Along with AnQlar, Epoladerm, and Probudur, Mack discusses Envelta™, Virpax’s investigational endogenous enkephalin intranasal spray for acute and chronic pain, including pain associated with cancer.

Having more than 35 years of experience in the pharmaceutical and finance industry, Mack is often quoted in the media discussing trends, predications, and current news events. Scrip included his insight on the M&A sector in the article “Scrip Asks…What Does 2022 Hold For Biopharma? Part 2: Deal Making, M&A And Financial Markets" and PharmaVoice included his prediction on targeted drug delivery in the article "20 Years in the Making: Reflections and Predictions".

Dr. Sheila Mathias, Chief Scientific Officer of Virpax, was interviewed on PharmaVoice’s Woman of the Week (WOW) podcast discussing her leadership skills and the Virpax portfolio of products in development.

The articles at the links above are provided for informational purposes only. Virpax is not responsible for the content of the linked articles.

About Virpax Pharmaceuticals

Virpax is developing branded product candidates for non-addictive pain management and neurological disorders using its proprietary technologies to optimize and target drug delivery. Virpax is initially seeking FDA approval of its three patented drug delivery platforms. Epoladerm™ is a topical diclofenac spray film formulation being developed to manage osteoarthritis pain. Probudur™ is a single injection long-acting liposomal bupivacaine formulation being developed to manage post-operative pain. Envelta™ is an intranasal Molecular-Envelope Technology (MET) enkephalin formulation being developed for the management cancer and non-cancer pain, as well as post-traumatic stress disorder (PTSD) under the name PES200. MET technology is also used in AnQlar™, a candidate to inhibit viral replication caused by influenza or SARS-CoV-2. Virpax recently acquired global rights to VRP324, a product candidate for the nasal delivery of a pharmaceutical-grade cannabidiol (CBD) for the management of epilepsy in children (a rare pediatric disease) and adults. For more information, please visit www.virpaxpharma.com.

Forward-Looking Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's planned clinical trials, product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.

These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential,” "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors, including the potential impact of the recent COVID-19 pandemic and the potential impact of sustained social distancing efforts, on the Company’s operations, clinical development plans and timelines, which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

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