CervoMed released Phase 2b trial results for neflamapimod. NFMD/B showed significant improvement in dementia severity compared to NFMD/A. Drug reduced risk of clinically meaningful progression by 75% versus placebo. Plasma GFAP changes correlated with dementia severity improvements. CervoMed shares rose 7.97%, trading above 200-day moving average.
CervoMed reports positive 32-week data for neflamapimod in DLB patients. New capsules show statistically significant benefits over older batches. Subgroups with lower plasma ptau181 levels experienced greater risk reductions. Significant GFAP level reductions noted at week 32 for new capsule patients. CRVO stock up 29.4% following the announcement.
CRVO's clinical trial failed to meet primary endpoint thresholds. Statistical significance was not achieved for key secondary endpoints. Target plasma drug concentrations were not reached, impacting results. Neeflamapimod maintained a favorable safety profile in earlier trials. Full trial data will not be available until January 2025.
CervoMed's DLB treatment trial failed to meet primary goals, leading to a 77% drop. No approved treatments for DLB exist, affecting about 700,000 in the U.S. The drug neflamapimod did not achieve target plasma concentrations during trials. CervoMed pauses Phase 3 trial preparation, causing uncertainty about drug efficacy. Analyst downgrade to hold reflects concerns over trial execution and drug potential.