Athira decimated by dismal Alzheimer's results
Shares in Athira Pharma (Nasdaq: ATHA), a US biopharma focused on developing small molecules to restore neuronal health and slow neurodegeneration, closed nearly 70% lower on Wednesday.
Athira had earlier announced top-line results from its exploratory ACT-AD Phase II study of fosgonimeton (ATH-1017) in patients with mild-to-moderate Alzheimer’s disease (AD).
"Our strong cash position allows us to continue to progress fosgonimeton development"Fosgonimeton is a small molecule designed to enhance the activity of hepatocyte growth factor (HGF) and its receptor, MET, which are expressed in the central nervous system to promote brain health and function.
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