Why Is BioVie (BIVI) Stock Up 100% Today?

BioVie (NASDAQ:BIVI) stock is rocketing higher on Friday announed positive data from two clinical trials of NE3107.NE3107 is BioVie’s inhibitor of inflammatory activation of ERK and NFkB. These are both factors tied to Alzheimer’s and Parkinson’s diseases.The company’s Phase 3 of NE3107 in mild to moderate Alzheimer’s Disease patients suggests it may “realign physiological processes in patients consistent with decreased neurocognitive decline and diseases of aging.”As for its Phase 2a trial of Parkinson’s D ...