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CervoMed to Present at H.C. Wainwright 25th Annual Global Investment Conference CervoMed Inc. (NASDAQ: CRVO), a clinical-stage company focused on developing treatments for degenerative diseases of the brain, today announced that...

Key Takeaway: CervoMed Inc. will present at the H.C. Wainwright 25th Annual Global Investment Conference on September 11. The company focuses on developing neflamapimod, an investigational treatment for degenerative brain diseases. CervoMed, formed from a merger in August 2023, is currently conducting a Phase 2b study for dementia with Lewy bodies.
Price reaction · baseline $5.79 (2023-09-01 close) · hit after-hours · 2 other CRVO headline(s) in the window, move may be shared
day 0 close
-14%
day 1 · peak
-21.9%
day 3
-10.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • CervoMed is actively developing neflamapimod for neurodegenerative diseases.
  • The company is participating in a significant investment conference.
  • Neflamapimod shows potential for treating dementia with Lewy bodies.

CONCERNS & RISKS

  • Risks related to regulatory approval of neflamapimod.
  • Market volatility may affect the company's stock price.
  • Uncertainties regarding future operational performance.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+47%
120-day peak, hindsight
Typical move
7.8%
average across 8 past catalysts
Cash runway
~2 mo
High dilution risk
Lead asset
neflamapimod
Phase 2 · Dementia With Lewy Bodies (DLB)

Full Press Release Details

BOSTON , Sept. 5, 2023 /PRNewswire/ -- CervoMed Inc. (NASDAQ: CRVO ), a clinical-stage company focused on developing treatments for degenerative diseases of the brain, today announced that the Company's senior management team will present at the H.C. Wainwright 25th Annual Global Investment Conference on Monday, September 11 at 9:00 a.m. ET . The company will also be holding 1x1 meetings at the conference.
A live webcast of the presentation, along with accompanying slides, will be accessible here , and will be available for replay for 90 days following the event.
About CervoMed
CervoMed Inc. is a clinical-stage biotechnology company advancing CNS-focused therapeutics to benefit patients with a range of degenerative diseases of the brain. The Company is currently developing neflamapimod, an investigational orally administered small molecule brain penetrant that inhibits p38MAP kinase alpha (p38a). Neflamapimod has the potential to treat synaptic dysfunction, the reversible aspect of the underlying neurodegenerative processes that cause disease in dementia with Lewy bodies (DLB) and certain other major neurological disorders. Neflamapimod is currently being evaluated in a Phase 2b study in patients with DLB. CervoMed was formed in August 2023 with completion of the merger of EIP Pharma Inc. with Diffusion Pharmaceuticals.
For more information, please visit www.cervomed.com or engage with us on Twitter and LinkedIn .
Forward-Looking Statements
This press release includes express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, regarding the intentions, plans, beliefs, expectations or forecasts for the future of CervoMed Inc. (the "Company"), including, but not limited to, the therapeutic potential of neflamapimod; anticipated milestones related to the development of the Company's clinical programs, including timelines for trial enrollment and reporting of data; and the potential commercial opportunity of neflamapimod, if approved. Terms such as "believes," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should," "approximately," or other words that convey uncertainty of future events or outcomes may identify these forward-looking statements. Although there is believed to be reasonable basis for each forward-looking statement contained herein, forward-looking statements by their nature involve risks and uncertainties, known and unknown, many of which are beyond the Company's control and, as a result, actual results could differ materially from those expressed or implied in any forward-looking statement. Particular risks and uncertainties include, among other things, those related to: the Company's available cash resources and the availability of additional funds on acceptable terms; the likelihood and timing of any regulatory approval of neflamapimod or the nature of any feedback the Company may receive from the U.S. Food and Drug Administration; the Company's ability to maintain its listing on the Nasdaq Capital Market, as well as comply with applicable Nasdaq rules and regulations; the market price of the Company's securities, which may be volatile due to a variety of factors, including changes in the competitive and highly regulated industry in which the Company operates; variations in operating performance across competitors; changes in laws and regulations affecting the Company's business; the ability to implement business plans, forecasts, and other expectations in the future; general economic, political, business, industry, and market conditions, inflationary pressures, and geopolitical conflicts; and the other factors discussed under the heading "Risk Factors" in the Company's most recent Annual Report on Form 10-K, in the proxy statement/prospectus/information statement that is included in the Company's registration statement on Form S-4 (File No. 333-271823) that was filed with the SEC, and other filings that the Company may file from time to time with the SEC. Any forward-looking statements in this press release speak only as of the date hereof (or such earlier date as may be identified). New factors emerge from time to time, and it is not possible for the Company to predict all such factors, nor can we assess the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date of this presentation, except to the extent required by law.

Frequently Asked Questions

When will CervoMed present at the conference?

CervoMed will present on September 11 at 9:00 a.m. ET.

What is neflamapimod used for?

Neflamapimod is being developed to treat degenerative brain diseases.

What type of company is CervoMed?

CervoMed is a clinical-stage biotechnology company focused on CNS therapeutics.

What is the status of neflamapimod's clinical trials?

Neflamapimod is currently being evaluated in a Phase 2b study.

Last updated: Sep 5, 2023