February 1, 2022 (Investorideas.com Newswire) In the clinic, Algernon Pharmaceuticals is advancing Ifenprodil in three indications and DMT in stroke, noted a Research Capital Corp. report.
Algernon Pharmaceuticals Inc. (AGN:CSE; AGNPF:OTCQB; AGW:FSE) is “back on track and focused on its pipeline,” Research Capital Corp. analyst Andre Uddin noted.
In addition to idiopathic pulmonary fibrosis, the drug repurposing firm is advancing Ifenprodil in refractory chronic cough and recurrent small cell carcinoma, aiming to commence a clinical trial in each of the two latter indications in 2022.
“We view refractory chronic cough as Algernon’s priority indication down the road and believe investors should keep a close eye on it,” Uddin wrote.
Regarding its clinical program using N,N-dimethyltryptamine (DMT) in stroke, the biopharma filed a clinical trial application in the United Kingdom to conduct a Phase 1 study.
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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Disclosures for Research Capital Corporation, Algernon Pharmaceuticals Inc., Jan. 28, 2022
Relevant disclosures required under IIROC Rule 3400 applicable to companies under coverage discussed in this research report are available on our web site at www.researchcapital.ca
This Issuer has generated investment banking revenue for MRCC.
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