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Alzamend Neuro Stock (ALZN) Surges 30% After Positive FDA Response Regarding Alzheimer’s Vaccine

Updated: 30 Sep 2021

Alzamend Neuro, Inc (NASDAQ: ALZN) stock price saw a steep rise today off the back of a positive response from the FDA for the development of AL002, a cell-based therapeutic vaccine that aims to bolster the immune system in the face of Alzheimer’s disease. 

Alzamend, a clinical-stage biopharmaceutical company, are specialists in the treatment of neurodegeneration and psychiatric disorders. Stock prices soared in mid-market trading today after a public announcement that the company received a written reply to its meeting request regarding the movement of AL002.

CEO of Alzamend Stephan Jackman is thoroughly pleased with the progress of the new Alzheimer’s treatment:

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“We appreciate the thorough and meaningful response from the FDA, which provides us with the information and clarity needed to submit the IND application to initiate a clinical trial for AL002.” 

Following with: 

“We appreciate the FDA’s recommendations, guidance and other helpful advice. We plan to augment our proposed clinical trial protocols and proceed accordingly.”

With clinical trials on the horizon, this is a promising time for Alzamend, it’s investors, and Alzheimers sufferers alike. Alzamend hopes to file the necessary IND by the end of November 2021, paving a clear route for clinical trials in the first quarter of 2022.

The progress of the cell-based therapeutic vaccine made an impressive impact on the market today, with gains reaching highs of 35% and the price currently teetering over the $3 level.

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