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Alzamend Neuro to Present at the 2025 Military Health System Research Symposium
GlobeNewswire News Room· 2025-07-28 12:00
Core Viewpoint - Alzamend Neuro, Inc. is set to present its innovative research on AL001, a novel lithium-delivery system, at the Military Health System Research Symposium, highlighting its potential benefits for treating PTSD and other mental health disorders in military personnel and veterans [1][2]. Company Overview - Alzamend Neuro is a clinical-stage biopharmaceutical company focused on developing treatments for Alzheimer's disease, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [9]. - The company’s pipeline includes two main drug candidates: AL001, a patented ionic cocrystal technology for lithium delivery, and ALZN002, a cell-based therapeutic vaccine aimed at combating Alzheimer's [9]. Research Presentation Details - The poster presentation titled "Quantitate Differences in Lithium Brain-to-Plasma Exposure in PTSD Subjects Between AL001 and Lithium Carbonate" will take place on August 6, 2025, at the Gaylord Palms Resort & Convention Center [4][5]. - The session will focus on innovations in military suicide prevention and related research [5]. Study Objectives - The study aims to quantify differences in lithium exposure in the brain versus plasma in PTSD subjects, comparing AL001 with traditional lithium carbonate [6]. - This research is part of a broader effort to create a composite database that includes data from various neurodegenerative and neuropsychiatric disorders [6]. AL001 Characteristics - AL001 is designed to provide the benefits of lithium while minimizing toxicities associated with conventional lithium salts, potentially improving safety and efficacy [7]. - Results from a completed Phase IIA study indicated a maximum tolerated dose that does not require therapeutic drug monitoring, suggesting a favorable safety profile [7]. Clinical Trials - Alzamend initiated the first of five Phase II clinical studies of AL001 in May 2025, focusing on healthy human subjects to establish baseline data for future studies in patients with Alzheimer's, BD, MDD, and PTSD [8]. - Previous animal studies indicated that AL001 allows for better brain absorption of lithium while maintaining lower blood levels, which could lead to safer treatments [8].
Alzamend Neuro Reports Annual 2025 Financial Results and Provides Update on Clinical Programs
GlobeNewswire News Room· 2025-07-23 12:00
Core Insights - Alzamend Neuro, Inc. reported financial results for the year ended April 30, 2025, highlighting a strengthened financial position and strategic focus on fiscal prudence and effective capital management [1][2] - The company successfully completed a $5 million financing ahead of schedule, which will support five Phase II clinical trials of its drug candidate AL001 in partnership with Massachusetts General Hospital and Harvard Medical School [3][4] Financial Performance - For the year ended April 30, 2025, net cash provided by financing activities was $10.4 million, with stockholder equity increasing to $4.0 million from a deficit of $2.6 million the previous year [6] - Cash reserves improved significantly to $3.9 million at April 30, 2025, compared to $0.4 million at April 30, 2024, while total liabilities decreased to $0.6 million from $3.2 million [6] Clinical Advancements - Alzamend is advancing treatments for Alzheimer's, bipolar disorder, major depressive disorder, and post-traumatic stress disorder, primarily through its drug candidate AL001, which aims for safer and more effective lithium therapy [3][4] - The first of five Phase II clinical trials for AL001 began in May 2025, with topline results expected by the end of 2025 [4] Product Pipeline - The company is developing two therapeutic drug candidates: AL001, a lithium-salicylate/L-proline cocrystal, and ALZN002, an active immunotherapy product targeting amyloid-beta proteins [5][10] - ALZN002 is currently in a Phase I/IIA clinical trial to evaluate its safety and efficacy in patients with mild to moderate Alzheimer's [8]
Alzamend Neuro Announces Final Closing of $5 Million Private Placement Months Ahead of Schedule
Globenewswire· 2025-06-16 12:00
Core Insights - Alzamend Neuro, Inc. has successfully completed a $5 million private placement to support its clinical trials for various mental health conditions [1][3][5] Financing Details - The financing involved a Securities Purchase & Exchange Agreement with a sophisticated investor, allowing the sale of up to 500 shares of Series C Convertible Preferred Stock and warrants for a total of $5 million, with a 5% discount [2] - The investor purchased the remaining shares of Preferred Stock ahead of the final tranche closing originally scheduled for October 2025, significantly enhancing Alzamend's financial position [3] Clinical Trials - The capital raised will fund five Phase II clinical trials of AL001 "Lithium in Brain" Studies at Massachusetts General Hospital, with the first trial initiated in May 2025 and topline data expected by the end of 2025 [4] - The second trial for bipolar disorder is set to begin in Q3 2025, while the remaining trials for Alzheimer's, major depressive disorder, and PTSD are expected to commence in Q4 2025 [4] Company Overview - Alzamend Neuro focuses on developing novel treatments for Alzheimer's, bipolar disorder, major depressive disorder, and PTSD, with a pipeline that includes two therapeutic drug candidates: AL001 and ALZN002 [6] - AL001 utilizes patented ionic cocrystal technology to deliver lithium, while ALZN002 aims to restore the immune system's ability to combat Alzheimer's by removing beta-amyloid from the brain [6]
Alzamend Neuro Announces Dosing of First Patient in its Phase II Clinical Trial of AL001 “Lithium in Brain” Study Taking Place at Massachusetts General Hospital
Globenewswire· 2025-05-29 12:00
Core Viewpoint - Alzamend Neuro, Inc. has initiated its first Phase II clinical study of AL001, a novel lithium-delivery system aimed at treating Alzheimer's disease, bipolar disorder, major depressive disorder, and post-traumatic stress disorder, with the first patient dosed in the trial [1][4]. Company Overview - Alzamend Neuro is a clinical-stage biopharmaceutical company focused on developing innovative treatments for Alzheimer's, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [6]. - The company's pipeline includes two therapeutic candidates: AL001, which utilizes patented ionic cocrystal technology for lithium delivery, and ALZN002, a cell-based therapeutic vaccine targeting Alzheimer's [6]. Product Details - AL001 is designed to enhance lithium delivery to the brain while minimizing systemic side effects and the need for therapeutic drug monitoring (TDM) [3][5]. - Previous studies indicated that AL001 allows for better brain absorption of lithium while maintaining lower blood levels, potentially leading to safer treatment options [2][5]. - The formulation aims to reduce the risks associated with traditional lithium therapies, such as kidney and thyroid side effects, by favorably distributing lithium in the brain [3][5]. Clinical Study Insights - The Phase II study will assess AL001's effectiveness in healthy subjects, serving as a baseline for future studies in patients with Alzheimer's, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [2][4]. - Topline data from the study is expected to be announced before the end of 2025 [4][9]. - Head-to-head studies comparing AL001 with marketed lithium carbonate products will be conducted to evaluate pharmacokinetics in healthy subjects [9].
Alzamend Neuro Enrolls First Patient in its Phase II Clinical Trial of AL001 “Lithium in Brain” Study Taking Place at Massachusetts General Hospital
Globenewswire· 2025-05-19 12:00
Core Insights - Alzamend Neuro, Inc. has initiated its first Phase II clinical study of AL001, targeting conditions such as Alzheimer's disease, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [1][4] - The study aims to evaluate AL001's ability to deliver lithium more effectively in the brain compared to existing lithium salts, with a focus on safety and reduced side effects [2][5] Company Overview - Alzamend Neuro is a clinical-stage biopharmaceutical company dedicated to developing innovative treatments for Alzheimer's, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [6] - The company's pipeline includes two main candidates: AL001, a lithium-delivery system, and ALZN002, a cell-based therapeutic vaccine targeting Alzheimer's [6] Product Details - AL001 is designed to provide the benefits of lithium while minimizing toxicities associated with traditional lithium therapies, potentially eliminating the need for therapeutic drug monitoring [3][5] - Previous studies indicate that AL001 allows for better brain absorption of lithium while maintaining lower blood levels, which could lead to safer treatment options [2][5] Clinical Study Insights - The Phase II study will involve healthy human subjects to establish a baseline for AL001's effectiveness and safety profile [2][4] - Topline data from the study is expected by the end of the year, with plans for head-to-head comparisons against marketed lithium carbonate products [4][9]
Alzamend Neuro Initiates First Phase II Clinical Trial of AL001 “Lithium in Brain” Study Taking Place at Massachusetts General Hospital
Globenewswire· 2025-05-13 12:00
Core Insights - Alzamend Neuro, Inc. has initiated the first of five Phase II clinical studies for AL001, targeting conditions such as Alzheimer's disease, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [1][2] - The study aims to demonstrate AL001's effectiveness in delivering lithium more efficiently to the brain while reducing systemic side effects compared to traditional lithium salts [2][3] Company Overview - Alzamend Neuro is a clinical-stage biopharmaceutical company focused on developing innovative treatments for Alzheimer's, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [6] - The company's pipeline includes two main candidates: AL001, a novel lithium-delivery system, and ALZN002, a cell-based therapeutic vaccine aimed at combating Alzheimer's [6][8] Product Details - AL001 is designed to provide the benefits of marketed lithium salts while minimizing toxicities, potentially eliminating the need for therapeutic drug monitoring [5][3] - Previous studies indicate that AL001 allows for better brain absorption of lithium while maintaining lower blood levels, which could lead to safer treatment options [2][5] Market Potential - The introduction of AL001 could significantly enhance treatment outcomes for over 43 million Americans suffering from the targeted conditions, potentially reshaping current treatment paradigms [4][3] - By addressing the complexities associated with traditional lithium therapies, AL001 may improve patient quality of life and adherence to treatment [3][4] Future Developments - Topline data from the ongoing studies is expected by the end of the year, with head-to-head comparisons planned against a marketed lithium carbonate product [7]
Alzamend Neuro Announces Initiation Date of Phase II Clinical Trial of AL001 for Treatment of Alzheimer's Disease to take Place at Massachusetts General Hospital
GlobeNewswire News Room· 2025-03-25 12:00
Core Insights - Alzamend Neuro, Inc. is set to initiate a phase II clinical study of AL001 for Alzheimer's treatment in Q4 2025, following the successful completion of a key component by Tesla Dynamic Coils BV [1][2] - The study, in collaboration with Massachusetts General Hospital, aims to explore AL001's unique properties in lithium delivery to the brain, potentially offering targeted effectiveness and reduced side effects compared to existing lithium salts [2][3] Company Overview - Alzamend Neuro is a clinical-stage biopharmaceutical company focused on developing treatments for Alzheimer's, bipolar disorder, major depressive disorder, and post-traumatic stress disorder [6] - The company's pipeline includes two novel therapeutic candidates: AL001, which utilizes patented ionic cocrystal technology for lithium delivery, and ALZN002, a cell-based therapeutic vaccine targeting beta-amyloid removal from the brain [6] Product Development - AL001 has shown promise in previous studies, demonstrating better brain absorption and lower blood lithium levels, which could lead to safer treatments [2][4] - The maximum tolerated dose (MTD) identified in a Phase IIA study is designed to minimize the need for therapeutic drug monitoring (TDM), potentially transforming the management of conditions like Alzheimer's [4][5] Market Potential - AL001 could eliminate the need for TDM, addressing the underutilization of lithium due to its complex monitoring requirements, thus improving treatment outcomes for vulnerable populations [3][5] - The advancement of AL001 is expected to enhance the lives of over 6.5 million Americans suffering from Alzheimer's, offering a more effective and user-friendly therapeutic option [5]
Alzamend Neuro Announces Initiation Date of Phase II Clinical Trial of AL001 for Treatment of Post-Traumatic Stress Disorder to take Place at Massachusetts General Hospital
GlobeNewswire News Room· 2025-03-11 12:00
Core Viewpoint - Alzamend Neuro is set to initiate a phase II clinical study of AL001 for PTSD treatment in Q4 2025, following the successful completion of a key component for the trial [1][2]. Group 1: Clinical Development - The phase II study will be conducted in collaboration with Massachusetts General Hospital, focusing on AL001's unique properties and its effects on lithium delivery in the brain compared to existing lithium salts [2]. - Previous studies in mice indicated that AL001 allows for better brain absorption of lithium while maintaining lower blood levels, potentially leading to safer treatments [2][5]. Group 2: Treatment Implications - AL001 could eliminate the need for lithium therapeutic drug monitoring (TDM), which has historically complicated the use of lithium in treating bipolar disorder and PTSD [3]. - Current lithium salts have a narrow therapeutic window requiring regular monitoring, which limits their use; however, low doses of lithium carbonate have shown effectiveness in alleviating symptoms in PTSD patients [3][4]. Group 3: Market Potential - The introduction of AL001 could significantly enhance treatment options for over 9 million Americans suffering from PTSD, potentially reshaping treatment paradigms and improving patient quality of life [4]. - AL001 is designed to provide the benefits of marketed lithium salts while reducing associated toxicities, thus addressing the limitations of current lithium therapies [5]. Group 4: Company Overview - Alzamend Neuro is a clinical-stage biopharmaceutical company focused on developing treatments for Alzheimer's, bipolar disorder, major depressive disorder, and PTSD [6]. - The company's pipeline includes AL001, a novel lithium-delivery system, and ALZN002, a cell-based therapeutic vaccine aimed at combating Alzheimer's disease [6].