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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100