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Alzamend Neuro Priced, Nasdaq: ALZN

Preclinical biotech developing therapies for Alzheimer's disease.

Industry: Health Care

Latest Trade: $0.72 0.00 (0.0%)

First Day Return: +170.0%

Return from IPO: -99.0%

Industry: Health Care

We were formed to acquire and commercialize patented intellectual property and know-how to prevent, treat and cure the crippling and deadly Alzheimer's disease. Existing Alzheimer's treatments only temporarily relieve symptoms but do not slow or halt the underlying worsening of the disease. We have developed a novel approach in an attempt to combat Alzheimer's through immunotherapy. We are a preclinical stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders. With our two current and future product candidates, we aim to bring treatments or cures to market at a reasonable cost as quickly as possible. Our current pipeline consists of two novel therapeutic drug candidates. AL001 is a patented ionic cocrystal technology delivering a therapeutic combination of lithium, proline and salicylate, known as AL001 or LiProSal, through two royalty-bearing exclusive worldwide licenses from the University of South Florida Research Foundation, as licensor, and AL002 a patented method using a mutant peptide sensitized cell as a cell-based therapeutic vaccine that seeks to restore the ability of a patient’s immunological system to combat Alzheimer’s, known as AL002 or CA022W, through a royalty-bearing exclusive worldwide license from the same licensor.
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IPO Data
IPO File Date 05/10/2021
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $13
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/14/2021
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $13
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Spartan Capital Securities
Company Data
Headquarters Tampa, FL, United States
Founded 2016
Employees 5
Website alzamend.com

Alzamend Neuro (ALZN) Performance