Maxim analyst Jason McCarthy downgraded Synaptogenix to Hold from Buy without a price target after the company’s Phase 2 study of Bryostatin in moderate to severe Alzheimer’s disease missed on the primary endpoint. This is the third Phase 2 trial miss for Bryostatin, "and at this point it is unclear if there is a path forward," McCarthy tells investors in a research note. As such, the analyst downgraded the shares.
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Published first on TheFly
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Read More on SNPX:
- Synaptogenix Plunges 75% after Disappointing Trial Data
- Synaptogenix announces results from Phase 2 clinical trial of Bryostatin-1
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