Markets think twice about Cognition after mid-stage results

29 June 2023

Traders have taken a downbeat view of Cognition Therapeutics’ (Nasdaq: CGTX) prospects, with top-line results from a Phase II trial shaking confidence in the firm’s Alzheimer’s research.

Shares in Cognition have fallen by a quarter in recent days, despite an upbeat statement from the firm outlining what chief executive Lisa Ricciardi described as “positive findings.”

The company is developing CT1812, an oral drug designed to protect neurons in the brain from damage due to amyloid beta oligomers.

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