Alpha Deal Group initiates coverage on Addex Therapeutics
Alpha Deal Group on Monday said it has initiated research on Addex Therapeutics (SIX: ADXN) saying the company’s value lies in its assets.
The broker in a research note said the company is poised to witnesses a strong rebound.
Switzerland-based Addex Therapeutics is engaged in the development of small molecule drugs. Its lead product, dipraglurant (ADX48621) has successfully completed Phase IIa in Parkinson’s disease levodopa-induced dyskinesia (PD-LID). In addition, dipraglurant is scheduled to start a Phase IIa in focal cervical dystonia. The company is also is advancing several preclinical programs.
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