InMed Pharmaceuticals Advances Oral Candidate For Alzheimer's Disease, Stock Surges On Tuesday
Portfolio Pulse from Vandana Singh
InMed Pharmaceuticals Inc. (NASDAQ:INM) announced that its oral formulation of INM-901 for Alzheimer's disease has shown promising preclinical results, leading to a significant stock surge. The drug can achieve therapeutic levels in the brain similar to traditional IP injection methods, offering a potential breakthrough in oral drug delivery for neurodegenerative diseases.
August 20, 2024 | 2:10 pm
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InMed Pharmaceuticals' stock surged 241.8% following the announcement of promising preclinical results for its oral Alzheimer's drug, INM-901. The drug achieves therapeutic brain levels similar to IP injections, indicating a potential breakthrough in oral drug delivery.
The stock surge is directly linked to the positive preclinical results of INM-901, which show that the drug can be effectively delivered orally, a significant advancement in Alzheimer's treatment. This news is highly relevant and important for investors as it indicates potential future success and marketability of the drug.
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