On Thursday, Vigil Neuroscience Inc. (NASDAQ:VIGL) released data from its completed Phase 1 trial evaluating VG-3927 as a potential treatment for Alzheimer’s disease.
Key takeaways from the Phase 1 clinical trial of VG-3927 include:
The company plans to advance a once-daily oral dose of 25mg and expects to initiate the Phase 2 trial in the third quarter of 2025.
William Blair writes that the 50% sTREM2 reduction improves on the interim Phase 1 data from healthy volunteers that showed significant reductions in sTREM2, with cohort means ranging from 20% to 25% decreases in the highest three dose levels.
Analyst Sarah Schram sees this as encouraging preliminary support of target engagement.
The analyst writes, “We are highly encouraged by today’s update, which comes after a robust Phase I study incorporating 14 cohorts and indicating consistent target engagement across participant groups.”
Vigil’s market cap is lower than the cash it reported at the end of last year’s third quarter, William Blair says, and the company is significantly undervalued compared to its potential and maintains an Outperform rating.
Price Action: VIGL stock is up 21.40% at $2.47 at the last check on Thursday.
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Date | Firm | Action | From | To |
---|---|---|---|---|
Feb 2022 | Stifel | Initiates Coverage On | Buy | |
Feb 2022 | Morgan Stanley | Initiates Coverage On | Equal-Weight | |
Feb 2022 | Jefferies | Initiates Coverage On | Buy |
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This article Vigil Neuroscience's Alzheimer's Candidate Shows Encouraging Safety Profile, Plans To Start Mid-Stage Study In Q3 originally appeared on Benzinga.com
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