other material
confidence high
sentiment positive
materiality 0.75
Alzamend Neuro announces positive Phase IIA results for AL001; identifies MTD without need for lithium TDM
Alzamend Neuro, Inc.
- Phase IIA multiple ascending dose study identified MTD of lithium carbonate equivalent 240 mg TID, unlikely to require lithium TDM.
- Company plans two Phase II trials for mild-to-moderate Alzheimer's, initiated by Q1 2024.
- Plans to file INDs for bipolar disorder, major depressive disorder, and PTSD by end of 2023.
- CEO states data supports AL001 as next-gen lithium therapy without TDM.