CervoMed up after Jones Research upgrades rating
ReutersMar 13, 2025 3:48 PM
Shares of drug developer CervoMed CRVO.O rise 4.4% to $6.44
Brokerage Jones Research upgrades CRVO to "buy" rating from "hold", keeps PT of $15
Upgrade follows CRVO's announcement of positive results from study of its drug, neflamapimod, in patients with dementia with Lewy bodies (DLB) on Monday
Data from study is boosting investor confidence, and we are seeing a more riskon approach heading into the next steps for netlamapimod in DLB patients - Jones Research
DLB is a form of dementia caused by the accumulation of protein deposits called Lewy bodies in the brain's nerve cells
Up to Wednesday's close, stock up 176.7% YTD
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