This study looks at the safety and effectiveness of Aviptadil in treating COVID-19 in people who have been hospitalized with the infection and who have acute respiratory failure. Participants in the study will be treated with Aviptadil plus current standard of care (SOC), or with placebo plus current SOC.
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Number of Participants With a 6-category Primary Ordinal Outcome (Recovery) at Day 90
Timeframe: Status on Day 90