Welcome to our dedicated page for Cognition Therapeutics news (Ticker: CGTX), a resource for investors and traders seeking the latest updates and insights on Cognition Therapeutics stock.
Cognition Therapeutics, Inc. (NASDAQ: CGTX) is a clinical-stage biopharmaceutical company based in Pittsburgh, Pennsylvania. Established in 2007, the company is dedicated to discovering and developing small-molecule therapeutics aimed at treating age-related degenerative diseases and disorders of the central nervous system and retina.
At the heart of Cognition Therapeutics' innovation is its proprietary biology and chemistry platforms, which are utilized to identify novel drug targets and create disease-modifying therapies. The company's flagship product candidate, CT1812, is an orally administered small-molecule antagonist designed to breach the blood-brain barrier. CT1812 binds selectively to the S2R complex, potentially offering a unique therapeutic approach for patients.
Current Projects and Achievements:
- CT1812 is currently being evaluated in Phase 2 clinical trials for conditions such as Alzheimer’s disease, dementia with Lewy bodies (DLB), and dry age-related macular degeneration (dry AMD).
- Recent 2023 milestones include completing enrollment for the SHINE Study in mild-to-moderate Alzheimer's disease and initiating new clinical studies for early Alzheimer's and dry AMD.
- The SHIMMER study for mild-to-moderate DLB has also reached its target enrollment, with top-line results anticipated in the latter half of 2024.
The company has made significant strides in advancing its clinical programs. In 2023, the FDA approved the first disease-modifying biologics for Alzheimer’s disease, which has rejuvenated research and investment in this critical area. Cognition Therapeutics is leveraging this momentum in its ongoing research and clinical trials.
Financial Overview:
For the year ending December 31, 2023, Cognition Therapeutics reported cash and cash equivalents of approximately $29.9 million. Additional capital from a March 2024 offering has bolstered their financial position, providing the company with sufficient funds to support operations and capital expenditures through May 2025.
Research and development expenses for 2023 were $37.2 million, an increase from $30.3 million in 2022, reflecting higher costs associated with Phase 2 trials and personnel. General and administrative expenses remained relatively stable at $13.5 million.
The company continues to foster collaborations and partnerships to advance its scientific goals. Notably, the SHIMMER study is supported by a significant grant from the National Institute on Aging (NIA), totaling approximately $30 million.
For ongoing updates and detailed information about Cognition Therapeutics, visit their website at cogrx.com.
Cognition Therapeutics (NASDAQ: CGTX) announced its participation in the ARVO 2022 conference, showcasing preclinical results on sigma-2 receptor modulators that protect retinal pigmented epithelium (RPE) cells. Their lead candidate, CT1812, aims to address dry age-related macular degeneration (AMD) and a Phase 2 clinical study is planned. Dry AMD affects approximately 190 million globally, causing significant vision loss. The poster presentation is scheduled for May 3, 2022, highlighting how these modulators can normalize disrupted homeostatic processes in RPE cells.
Cognition Therapeutics, Inc. (Nasdaq: CGTX) announced that its management will participate in a virtual fireside chat at the B. Riley Securities’ Neuro & Ophthalmology Conference on April 27-28, 2022. The discussion will focus on advancements in their clinical programs targeting age-related diseases affecting the central nervous system and retina, particularly their lead candidate, CT1812. A webcast will be available for viewers, outlining the company's ongoing research and development efforts in Alzheimer’s disease and other conditions.
Cognition Therapeutics, Inc. (Nasdaq: CGTX) announced participation in Needham & Company's 21st Annual Virtual Healthcare Conference from April 11-14, 2022. CEO Lisa Ricciardi will provide a corporate update on April 11, 2022, from 3:00 to 3:40 p.m. ET. A live and archived webcast will be available on the company's investor website. The company focuses on developing innovative drugs targeting age-related degenerative diseases affecting the central nervous system and retina, leveraging expertise in sigma-2 receptor mechanisms.
Cognition Therapeutics (NASDAQ: CGTX) reported a solid financial position after raising $52 million through an upsized IPO and securing $169 million in grant funding. The company is advancing its clinical pipeline for Alzheimer’s disease and dementia with Lewy bodies (DLB), with plans for Phase 2 studies in dry AMD and early-stage Alzheimer’s expected to begin in H2 2022. Despite a net loss of $11.7 million in 2021, Cognition's robust cash reserves of $54.7 million are projected to sustain operations through mid-2023.
Cognition Therapeutics, Inc. (Nasdaq: CGTX) plans to announce its fourth quarter and full year financial results for 2021 on March 30, 2022, before market open. Following this release, the company will host a conference call at 8:00 a.m. ET to discuss the results and provide a business update. Participants can join via telephone or an audio webcast accessible on the company’s website. Cognition focuses on developing innovative therapeutics targeting age-related degenerative diseases.
Cognition Therapeutics (CGTX) is showcasing findings from its clinical development program for CT1812, a sigma-2 receptor modulator targeting Alzheimer's disease, at the AD/PD™ 2022 conference in Barcelona from March 15-20, 2022. Results from the Phase 1b SNAP study indicate significant beta amyloid oligomer displacement into cerebrospinal fluid after CT1812 administration, contrasting with placebo results. Additionally, preliminary findings from the Phase 2 SHINE study highlight potential pharmacodynamic biomarkers linked to Alzheimer's treatment. Full SNAP results will be published in a peer-reviewed journal later this year.
Cognition Therapeutics (Nasdaq: CGTX) announces CEO Lisa Ricciardi's participation in two healthcare conferences. The Oppenheimer 32nd Annual Healthcare Conference will take place on March 16, 2022, at 4:00 p.m. ET, with a live webcast available for 90 days. The Sachs Neuroscience Innovation Forum, focusing on Alzheimer's and dementia, is scheduled for March 22, 2022, at 10:00 a.m. ET, also offering live and on-demand access for registered participants. One-on-one meetings with Ricciardi can be scheduled through event representatives.
Cognition Therapeutics (Nasdaq: CGTX) announced that Anthony Caggiano, M.D., Ph.D., will participate in the BIO CEO & Investor Conference on February 15, 2022, discussing neurodegenerative therapeutics. This panel aims to explore innovative partnerships in the field following a significant investment surge in neuroscience in 2020. Dr. Caggiano emphasized the renewed interest in therapies targeting biological pathways in neurological diseases, highlighting their sigma-2 receptor modulators. The event will be webcasted for registered attendees.
Cognition Therapeutics (Nasdaq: CGTX) announced significant achievements for 2021, including an upsized IPO that generated approximately $52 million and $45 million in grants from the National Institute on Aging for clinical studies. The company appointed new leadership for R&D and expanded its clinical pipeline, demonstrating clinical engagement in Alzheimer's and other neurodegenerative diseases. Looking ahead, Cognition aims to advance multiple studies funded by substantial grants and deliver new therapeutics to enhance shareholder value in 2022.
Cognition Therapeutics (NASDAQ: CGTX) has received a Therapeutic Pipeline Program Grant from The Michael J. Fox Foundation for Parkinson's Research. This funding will support preclinical studies of two sigma-2 receptor modulators in animal models of Parkinson's disease, led by VP of research Mary E. Hamby, Ph.D. The studies aim to develop disease-modifying therapies for Parkinson's, where current options are lacking. CEO Anthony Caggiano emphasized the potential of σ-2 receptor targeting to impact disease progression biomarkers.
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