Alzamend Neuro Stock Jumps After Post Traumatic Stress Disorder Study Pact: Details
Portfolio Pulse from Vandana Singh
Alzamend Neuro Inc. (NASDAQ:ALZN) stock surged after announcing a partnership with Massachusetts General Hospital for a Phase 2 study of AL001 for PTSD treatment. The study aims to assess lithium levels in the brain compared to marketed lithium salts. Alzamend hopes to meet FDA safety standards through the Section 505(b)(2) pathway.
August 19, 2024 | 1:41 pm
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Alzamend Neuro's stock rose significantly after partnering with Massachusetts General Hospital for a Phase 2 study of AL001 for PTSD. The study focuses on lithium levels in the brain, aiming for FDA approval through the Section 505(b)(2) pathway.
The partnership with a reputable institution like Massachusetts General Hospital and the focus on a novel treatment for PTSD using AL001 has driven investor optimism, leading to a significant stock price increase. The potential for FDA approval through the Section 505(b)(2) pathway further enhances the stock's attractiveness.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100