Alpha Cognition Announces Grant of Stock Options
May 31 2022 - 5:38PM
Business Wire
Alpha Cognition Inc. (TSX-V: ACOG) (OTCQB: ACOGF) (“Alpha
Cognition,” or the “Company”), a biopharmaceutical company
committed to developing novel therapies with the potential to
transform the lives of people with debilitating neurodegenerative
disorders, announces the grant of stock options pursuant to its
stock option plan to certain directors of the Company to purchase
up to an aggregate of 400,000 common shares of the Company. The
stock options are exercisable at a price of $0.64 CAD per share and
expire ten years from the date of grant, subject to certain vesting
provisions.
About Alpha Cognition Inc.
Alpha Cognition Inc. is a clinical stage, biopharmaceutical
company dedicated to developing treatments for under-served
neurodegenerative diseases, such as Alzheimer's Dementia and
Amyotrophic Lateral Sclerosis (ALS).
ALPHA-1062, is a patented new chemical entity that has
demonstrated safety and improved tolerability in human clinical
trials. It is being developed as a new generation
acetylcholinesterase inhibitor for the treatment of Alzheimer's
disease, with minimal gastrointestinal side effects and novel
routes of administration. ALPHA-1062's active metabolites are
differentiated from donepezil and rivastigmine in that they may
sensitize neuronal nicotinic receptors, most notably the alpha-7
subtype, which is known to have a positive effect on cognition.
ALPHA-1062 is also being developed in combination with memantine to
treat moderate to severe Alzheimer's dementia and in a nasal spray
formulation to treat traumatic brain injury.
ALPHA-0602 (Progranulin) is expressed in several cell types in
the central nervous system and in peripheral tissues, regulates
cell survival and certain inflammatory processes, and plays a major
role in regulating lysosomal function and microglial responses to
disease. Its use for the treatment of neurodegenerative diseases
has been patented by the Company and granted an Orphan Drug
Designation.
Neither TSX Venture Exchange (the “TSX-V”), OTC Markets Group,
nor the TSX-V’s Regulation Services Provider (as that term is
defined in policies of the TSX-V) accepts responsibility for the
adequacy or accuracy of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220531006021/en/
Bristol Investor Relations Stefan Eftychiou 905 326 1888 ext 6
stefan@bristolir.com https://www.alphacognition.com/
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