Actinogen Medical Limited ( (AU:ACW) ) has issued an update.
Actinogen Medical announced the successful passing of all resolutions at its General Meeting, which aligns with its strategic focus on advancing its lead compound, Xanamem, in clinical trials. The company is conducting significant trials, including the XanaMIA Phase 2b/3 trial for Alzheimer’s disease and the XanaCIDD Phase 2a trial for depression, both showing promising results. These developments position Actinogen Medical as a key player in the biotechnology industry, potentially offering groundbreaking treatments for debilitating neurological conditions.
More about Actinogen Medical Limited
Actinogen Medical is an ASX-listed biotechnology company focused on developing novel therapies for neurological and neuropsychiatric diseases linked to dysregulated brain cortisol. Their lead compound, Xanamem, is being developed as a treatment for Alzheimer’s Disease, Depression, and potentially other conditions like Fragile X Syndrome. The company aims to address the substantial unmet medical need for improved treatments for cognitive dysfunction and behavioral abnormalities associated with these conditions.
YTD Price Performance: 25.00%
Average Trading Volume: 75,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $57.45M
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