NetworkNewsBreaks – Aegis Capital Issues “Buy” Rating, $31 PT on Neurotrope, Inc. (NASDAQ: NTRP)

Aegis Capital this week issued a ‘Buy’ rating and price target of $31 on shares of Neurotrope, Inc.’s (NASDAQ: NTRP) stock. The company recently released positive top-line results from its phase 2 study of Bryostatin-1 in patients with moderate to severe Alzheimer’s disease (AD). Results from the study demonstrate that AD patients receiving Bryostatin-1 had an improvement in their cognitive abilities compared with a decline in the placebo patients. Aegis analyst Robert LeBoyer said he believes that the study met its objective of showing that Bryostatin-1 has adequate activity and data to move forward into a bigger study with a longer treatment period.

For more information, visit www.neurotropebioscience.com

About Neurotrope

Neurotrope is engaged in developing a novel therapy to treat and potentially reverse moderate to severe Alzheimer’s dementia and other neurodegenerative diseases. The scientific basis of the company’s treatment is activation of Protein Kinase C isozymes ε and α by Bryostatin-1, a natural product, which in mouse Alzheimer’s disease models was demonstrated to result in repair of damaged synapses as well as synaptogenesis, the induction of new neuronal networks, reduction of toxic beta-amyloid generation, prevention of neuronal death, and enhancement of memory and learning, thus having the potential to improve cognition and behavior in Alzheimer’s dementia. Neurotrope has conducted a phase 2 trial of Bryostatin-1 in the treatment of moderate to severe Alzheimer’s dementia, as well as preclinical studies of Bryostatin-1 as a treatment for Fragile X Syndrome, Niemann-Pick Type C disease and Rett Syndrome, three rare genetic diseases for which only symptomatic treatments are currently available. The FDA has granted Orphan Drug Designation to Neurotrope for Bryostatin-1 as a treatment for Fragile X Syndrome.  Bryostatin-1 has undergone testing in over 1,500 people establishing a large safety database.

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