Coya Therapeutics' Alzheimer's Candidate Shows Lower Biomarker Levels Associated With Neuroinflammation
Portfolio Pulse from Vandana Singh
Coya Therapeutics Inc (NASDAQ:COYA) reported positive results from an open-label proof-of-concept clinical study for low-dose interleukin 2 (ld IL-2) in patients with Alzheimer's disease. The study showed a significant decrease in the blood levels of proinflammatory cytokines and chemokines, and a statistically significant improvement in cognitive function. The treatment was safe and well tolerated. A Phase 2 study is being conducted at the Houston Methodist Hospital with results anticipated in July 2024. COYA shares are up 2.99% at $4.13.
July 17, 2023 | 2:21 pm
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Coya Therapeutics reported positive results from a clinical study for an Alzheimer's treatment, leading to a 2.99% increase in share price. A Phase 2 study is underway.
The positive results from the clinical study indicate that Coya Therapeutics' Alzheimer's treatment is effective, which is likely to increase investor confidence and demand for COYA shares. The ongoing Phase 2 study, if successful, could further boost the company's stock price.
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IMPORTANCE 80
RELEVANCE 100