Alzamend Neuro Announces Additional Investment Under Its Investigational New Drug Application For Al001 For Dementia Related To Alzheimer’S Pursuant To The Securities Purchase Agreement With Digital Power Lending
Alzamend Neuro Announces Additional Investment Under Its Investigational New Drug Application For Al001 For Dementia Related To Alzheimer’S Pursuant To The Securities Purchase Agreement With Digital Power Lending
08/04/21, 10:34 AM
Location
tampa
Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”) announced that Digital Power Lending, LLC (“DPL”), a wholly owned subsidiary of Ault Global Holdings, Inc. (“AGH”) (NYSE American: DPW), a diversified holding company, has made an additional investment in Alzamend, a related party of AGH and early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders.
Company Info
Location
tampa, florida, united states
Additional Info
We are a preclinical stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders, including Alzheimer’s disease. With our two current and future product candidates, we aim to bring treatments or cures to market at a reasonable cost as quickly as possible. Our current pipeline consists of two novel therapeutic drug candidates, AL001 - a patented ionic cocrystal technology delivering a therapeutic combination of lithium, proline, and salicylate, and AL002 - a patented method using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine that seeks to restore the ability of a patient’s immunological system to combat Alzheimer’s disease. Both of our product candidates are licensed from the pursuant to royalty-bearing exclusive worldwide licenses.