Why Is Alzheimer's-Focused Longeveron Stock Trading Higher On Monday?
Portfolio Pulse from Vandana Singh
Longeveron Inc (NASDAQ: LGVN) presented positive Phase 2a clinical trial data for its Alzheimer's treatment, Lomecel-B, at the Alzheimer's Association International Conference. The trial met its primary safety and secondary efficacy endpoints, showing potential in slowing disease progression and improving cognitive and functional outcomes. The FDA recently granted RMAT designation to Lomecel-B. LGVN stock is up 22.10% in premarket trading.
July 29, 2024 | 12:35 pm
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Longeveron Inc presented positive Phase 2a trial results for its Alzheimer's treatment, Lomecel-B, showing safety and efficacy. The FDA granted RMAT designation, and the stock is up 22.10% in premarket trading.
The positive trial results and FDA's RMAT designation are significant milestones for Longeveron, indicating strong therapeutic potential for Lomecel-B. This has led to a substantial premarket stock price increase.
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IMPORTANCE 90
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