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0.6¢ alterity therapeutics limited

how do you get to "the candidate has become the chosen"?

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Paddy0

1,340 Posts.

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05/08/20

12:53

Post #: 46317854
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Originally posted by shorterslayer: ↑

While this is nothing new to long term holders, but for peeps who just tuned in:

What Happened: The surge came as Alterity Therapeutics reported positive data from an animal testing of ATH434 — its leading drug candidate for Multiple System Atrophy, a Parkinsonian disorder.The new data "independently confirm and extend previous findings demonstrating that ATH434 reduces α-synuclein pathology, preserves neurons, and improves motor performance," Alterity Therapeutics noted.

Why It Matters: The Melbourne-based pharmaceutical company in June said it had reached an agreement with the United States Food and Drug Administration on the non-clinical investigations required to support the second phase of its clinical trial of ATH434.TLDR: There's a pre-existing agreement with the U.S FDA and now as the report has been confirmed positive, the candidate has become the chosen.I still see this go up to 9c before correction.

Credit and full story: https://www.benzinga.com/general/biotech/20/08/16912776/alterity-therapeutics-shares-surge-as-company-says-animal-testing-data-positive-for-msa-drug

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how do you get to "the candidate has become the chosen"?

ATH Price at posting: 6.8¢ Sentiment: None Disclosure: Not Held
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