Alpha Cognition (NASDAQ: ACOG), a commercial-stage biopharmaceutical company focused on treatments for neurodegenerative diseases, announced the pricing of its oversubscribed underwritten public offering of 5.6 million common shares (or pre-funded warrants in lieu thereof) at $6.25 per share, for gross proceeds of approximately $35 million before expenses. The company plans to use net proceeds to accelerate commercialization of ZUNVEYL(R) (Benzgalantamine), including sales expansion, marketing, payer coverage, and reimbursement infrastructure. CEO Michael McFadden said the funding will help maximize near-term adoption while laying the foundation for long-term growth. Titan Partners Group, a division of American Capital Partners, is acting as sole bookrunner, with a 30-day option granted to purchase up to an additional 840,000 shares to cover over-allotments.
To view the full press release, visit https://ibn.fm/Zsy1b
About Alpha Cognition Inc.
Alpha Cognition Inc. is a commercial stage, biopharmaceutical company dedicated to developing treatments for patients suffering from neurodegenerative diseases, such as Alzheimer’s Disease and Cognitive Impairment with mild Traumatic Brain Injury (“mTBI”), for which there are currently no approved treatment options.
ZUNVEYL is a patented drug approved as a new generation acetylcholinesterase inhibitor for the treatment of Alzheimer’s disease, with expected minimal gastrointestinal side effects. ZUNVEYL’s active metabolite is differentiated from donepezil and rivastigmine in that it binds 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 as an intranasal formulation for Cognitive Impairment with mTBI.
For more information, visit the company’s website at https://www.alphacognition.com/
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