Why Are Hoth Therapeutics Shares Moving Today?

  • Hoth Therapeutics Inc HOTH announced proof-of-concept data generated using cognitive and behavioral assessments in an Alzheimer's disease mouse model.
  • The data support the therapeutic cognitive potential of HT-ALZ after chronic oral dosing of 20mg/kg and 40mg/kg of HT-ALZ.
  • HT-ALZ is therapeutic in development under the 505(b)(2) regulatory pathway for dementia related to Alzheimer's.
  • Hoth reports that the longer treatment before the beginning of testing improves the performance of more mice in the water maze and appears to affect anxiety-like behavior in the elevated plus maze positively.
  • The groups of mice treated with the higher doses, 20mg/kg and 40mg/kg of HT-ALZ, appear to have the most benefit, with the 20mg group already showing significant improvement in spatial memory in the water maze.
  • The elevated plus maze test is one of the most widely used tests for measuring anxiety-like behavior.
  • Previously Hoth reported study results focused on investigating the effect of orally administered HT-ALZ to reduce the concentration of Aβ in the brain interstitial fluid. 
  • The initial data showed a significant decrease in Aβ in male and female mice after acute treatment with HT-ALZ, compared to placebo-treated animals and baseline Aβ levels.
  • HOTH stock was up by 16% at one point during the premarket session.
  • Price Action: HOTH shares are down 6.28% at $4.03 on the last check Wednesday.
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