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Cognition Therapeutics (CGTX) Stock News, Apr-Jun 2023

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Cognition Therapeutics, Inc. develops clinical-stage drug candidates for neurodegenerative disorders, with news centered on zervimesine (CT1812), an investigational oral small molecule designed to protect neuronal synapses from toxic protein oligomers. Company updates commonly address dementia with Lewy bodies, Alzheimer’s disease, mild cognitive impairment, and geographic atrophy secondary to dry AMD.

Recurring developments include Phase 2 study data from programs such as SHIMMER and START, regulatory interactions with U.S. and European agencies, scientific conference presentations, expanded access activity, and quarterly financial results. News also covers NIH-related grant funding, cash runway commentary, and clinical-development plans tied to zervimesine’s use across central nervous system and retina indications.

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Cognition Therapeutics will present in vitro results on the role of sigma-2 receptors and the effect of their drug candidate CT1812 on dry age-related macular degeneration (AMD) at the upcoming ARVO meeting in New Orleans from April 23-27.

CT1812, an orally delivered small molecule, targets sigma-2 receptors and shows potential in modulating biological pathways affected by dry AMD, including immune response and cell survival. The detailed findings will be showcased in poster #C0072 during the conference.

The company is also preparing for a Phase 2 clinical trial of CT1812 for geographic atrophy linked to dry AMD, with clinical site selection currently underway. The drug is under investigation for mild-to-moderate Alzheimer's disease and dementia with Lewy bodies as well.

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Cognition Therapeutics announced the publication of a review article in the International Journal of Molecular Sciences discussing the mechanistic rationale for sigma-2 receptor modulation in age-related degenerative diseases including Alzheimer's disease and dementia with Lewy bodies. The article highlights the role of the sigma-2 receptor in neuronal function and its potential as a therapeutic target. Cognition's lead compound, CT1812, aims to advance to Phase 2 clinical trials. The study focuses on restoring synaptic health by targeting cellular processes impaired by neurodegenerative diseases. Cognition’s strategy underscores the unique mechanism of CT1812 in addressing significant unmet medical needs in neurodegeneration.

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FAQ

What is the current stock price of Cognition Therapeutics (CGTX)?

Cognition Therapeutics (CGTX) last closed at $0.7188.

What is the market cap of Cognition Therapeutics (CGTX)?

The market cap of Cognition Therapeutics (CGTX) is approximately $68.4M.