Since it was so important, I want to recap last week’s big Alzheimer’s news again.
If you recall, lecanemab’s developers were among the biggest stock market beneficiaries of Clarity-D’s topline readout, but they weren’t alone. This was enough to shoot Biogen (BIIB) nearly 40% higher in a single trading session, adding over $10 BILLION in market cap.
There were notable gains all across the sector, like our FAVORITE Alzheimer’s fighting biotech – Synaptogenix (SNPX).
SNPX initially jumped nearly 10% in response before retreating lower, but it has powered back nicely the last few trading sessions. SNPX has now closed above the 200 daily moving average as investor interest for the sector has been renewed.
I still don’t think many people understand the potential that is under the hood with SNPX.
You see, SNPX’s lead drug candidate, Bryostatin-1, is being developed not merely to slow the progression of Alzheimer’s but to REVERSE its effects – primarily through a rewiring of the brain.
According to SNPX’s Dr. Daniel Alkon (President & Chief Scientific Officer) in his response to the news from Biogen stated, “The Synaptogenix lead compound Bryostatin-1, now in an extended clinical trial, is believed to work on regeneration of brain wiring (synaptic networks), in addition to a reduction of amyloid that is targeted by the Biogen/Eisai compound.”
Dr. Alkon also stated, “Regeneration of brain wiring may result in actual improvement of patients’ cognitive performance, not just slowing of cognitive decline – as we reported for exploratory analyses of previous Bryostatin trial results in the Journal of Alzheimer’s Disease a few months ago.”
Bryostatin-1 is currently in Phase 2B study, with results expected in Q4 – (You can read our full report here).
There has never been a better time to get familiar with SNPX and what the company is doing right now.
The stock just had one of the biggest volume days of the year, which means a lot of investors are clearly making moves and starting to take notice – and you should be doing the same thing!
So take a few minutes and learn more about SNPX right here.
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