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CGTXVery BullishResearch Analysisnews

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Why Is Penny Stock Cognition Therapeutics Trading Over 93% On Wednesday?

Dec 18, 2024, 11:25 AM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The strong data from the SHIMMER study significantly enhances investor confidence. Past studies showing improvement have often led to price surges.

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CGTX's Phase 2 SHIMMER study shows promising results in dementia treatment. CT1812 demonstrated significant improvements in behavioral, cognitive, and movement measures. 82% reduction in neuropsychiatric symptoms, particularly anxiety and hallucinations. Cash reserves of $22 million support operations into mid-2025. CGTX stock rose 93.45% following the positive study results.

CGTX's Phase 2 SHIMMER study shows promising results in dementia treatment.
CT1812 demonstrated significant improvements in behavioral, cognitive, and movement measures.
82% reduction in neuropsychiatric symptoms, particularly anxiety and hallucinations.
Cash reserves of $22 million support operations into mid-2025.
CGTX stock rose 93.45% following the positive study results.

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