Why Is Penny Stock Cognition Therapeutics Trading Over 93% On Wednesday?
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Cognition Therapeutics, Inc. (CGTX) saw its stock price surge over 93% following positive results from its Phase 2 SHIMMER study. The study showed that CT1812 had strong therapeutic effects on patients with dementia with Lewy bodies.
December 18, 2024 | 4:30 pm
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Cognition Therapeutics' stock price increased significantly due to positive Phase 2 study results for CT1812, indicating strong therapeutic effects in dementia with Lewy bodies.
The positive results from the Phase 2 SHIMMER study are a significant milestone for Cognition Therapeutics, suggesting potential efficacy of CT1812 in treating dementia with Lewy bodies. This breakthrough has likely driven investor optimism, resulting in a substantial stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100