Here's Why Cortexyme Is Imploding on Wednesday
Shares of Cortexyme (NASDAQ: CRTX), a clinical-stage biotechnology company, are collapsing in response to a clinical trial failure. Investors upset with the results had hammered the stock 74.9% lower as of 12:14 p.m. EDT on Wednesday.
Cortexyme's former lead candidate, atuzaginstat, is an experimental inhibitor of an enzyme secreted by Porphyromonas gingivalis. This microbe is found in the mouths of people with severe gum disease, and it's also been associated with Alzheimer's dementia.
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Source Fool.com
