Hoth Shares Rise After Alzheimer's Treatment Gets Patent

Dow Jones

2024-10-15

By Stephen Nakrosis

Shares of Hoth Therapeutics were trading higher in Tuesday's pre-opening market, following news the company was granted a U.S. patent for its Alzheimer's treatment, HT-ALZ.

The company said it is preparing for clinical trials of HT-ALZ, with formulation currently under way.

Before the bell, the stock had risen 29% to trade at $1.06. Shares last closed above $1 on Sept. 18.

The stock finished Monday's regular session at 82 cents, rising 9% on the day.

The company said its treatment takes a novel approach by targeting the Substance P/Neurokinin-1 Receptor pathway, which is known to play a critical role in neuroinflammation, increasingly recognized as a driving factor in the progression of Alzheimer's disease.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 15, 2024 06:58 ET (10:58 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares last closed above $1 on Sept. 18. \n</p>\n<p>\n  The stock finished Monday's regular session at 82 cents, rising 9% on the day. \n</p>\n<p>\n  The company said its treatment takes a novel approach by targeting the Substance P/Neurokinin-1 Receptor pathway, which is known to play a critical role in neuroinflammation, increasingly recognized as a driving factor in the progression of Alzheimer's disease. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 15, 2024 06:58 ET (10:58 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOTH","symbol_name":"Hoth Therapeutics","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475881579","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475881579","pubTimestamp":1728989880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Hoth Therapeutics were trading higher in Tuesday's pre-opening market, following news the company was granted a U.S. patent for its Alzheimer's treatment, HT-ALZ.The company said it is preparing for clinical trials of HT-ALZ, with formulation currently under way.Before the bell, the stock had risen 29% to trade at $1.06. 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Shares last closed above $1 on Sept. 18. \n\n\n  The stock finished Monday's regular session at 82 cents, rising 9% on the day. \n\n\n  The company said its treatment takes a novel approach by targeting the Substance P/Neurokinin-1 Receptor pathway, which is known to play a critical role in neuroinflammation, increasingly recognized as a driving factor in the progression of Alzheimer's disease. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 15, 2024 06:58 ET (10:58 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}