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
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.
NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer