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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