CRVO icon

CervoMed

2.23 USD
+0.00
0.00%
At close Dec 20, 4:00 PM EST
After hours
2.27
+0.04
1.79%
1 day
0.00%
5 days
19.25%
1 month
-76.87%
3 months
-86.76%
6 months
-89.58%
Year to date
-72.13%
1 year
-67.63%
5 years
-90.10%
10 years
-99.93%
 

About: CervoMed Inc is a clinical-stage biotechnology company. It is focused on developing treatments for age-related neurologic disorders. The company's product candidate, Neflamapimod has the potential to treat and improve synaptic dysfunction, the reversible aspect of the underlying disease processes in DLB and certain other neurological disorders.

Employees: 8

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

29% more funds holding

Funds holding: 38 [Q2] → 49 (+11) [Q3]

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

0.62% more ownership

Funds ownership: 41.87% [Q2] → 42.49% (+0.62%) [Q3]

13% less capital invested

Capital invested by funds: $59.1M [Q2] → $51.2M (-$7.96M) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$12
438%
upside
Avg. target
$29
1,178%
upside
High target
$45
1,918%
upside

2 analyst ratings

positive
100%
neutral
0%
negative
0%
Canaccord Genuity
Sumant Kulkarni
22% 1-year accuracy
7 / 32 met price target
438%upside
$12
Buy
Maintained
11 Dec 2024
Roth MKM
Boobalan Pachaiyappan
0% 1-year accuracy
0 / 4 met price target
1,918%upside
$45
Buy
Initiated
5 Dec 2024

Financial journalist opinion

Based on 6 articles about CRVO published over the past 30 days

Neutral
GlobeNewsWire
1 week ago
CervoMed Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
BOSTON, Dec. 12, 2024 (GLOBE NEWSWIRE) -- CervoMed Inc. (NASDAQ: CRVO) (the “Company”), a clinical stage company focused on developing treatments for age-related neurologic disorders, today announced that it has granted equity awards as a material inducement to the employment of two new employees.
CervoMed Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Negative
Benzinga
1 week ago
CervoMed's Dementia Candidate Fails In Mid-Stage Study, Stock Plummets
On Tuesday, CervoMed Inc.  CRVO stock is trading lower after the company revealed topline data from the RewinD-LB Phase 2b clinical trial evaluating neflamapimod for dementia with Lewy bodies (DLB).
CervoMed's Dementia Candidate Fails In Mid-Stage Study, Stock Plummets
Negative
Market Watch
1 week ago
CervoMed's stock craters 77% after failed trial of treatment for rare brain disease
CervoMed Inc.'s stock cratered early Tuesday after the biotech company said a midstage trial of a treatment for patients with dementia with Lewy bodies, or DLB, failed to meet its main goals.
CervoMed's stock craters 77% after failed trial of treatment for rare brain disease
Negative
Reuters
1 week ago
CervoMed's dementia drug fails to meet mid-stage trial goals
U.S. drug developer CervoMed said on Tuesday its experimental drug for a common degenerative brain disease did not meet the main or secondary goals in a mid-stage clinical trial.
CervoMed's dementia drug fails to meet mid-stage trial goals
Neutral
GlobeNewsWire
1 week ago
CervoMed Announces Topline Data from RewinD-LB Phase 2b Clinical Trial in Patients with Dementia with Lewy Bodies
—Neflamapimod did not demonstrate statistically significant effects versus placebo on primary and secondary endpoints at 16 weeks—
CervoMed Announces Topline Data from RewinD-LB Phase 2b Clinical Trial in Patients with Dementia with Lewy Bodies
Neutral
GlobeNewsWire
3 weeks ago
CervoMed Announces Orphan Drug Designation Granted to Neflamapimod by U.S. Food and Drug Administration for the Treatment of Frontotemporal Dementia
Designation underscores significant unmet need in frontotemporal dementia and the potential role of neflamapimod in multiple neurologic disorders
CervoMed Announces Orphan Drug Designation Granted to Neflamapimod by U.S. Food and Drug Administration for the Treatment of Frontotemporal Dementia
Neutral
GlobeNewsWire
1 month ago
CervoMed Reports Third Quarter 2024 Financial Results and Provides Corporate Updates
- Reported last patient, last visit in its RewinD-LB Phase 2b clinical trial evaluating neflamapimod in patients with early-stage dementia with Lewy bodies (DLB) in October 2024; topline data expected in December 2024 –
CervoMed Reports Third Quarter 2024 Financial Results and Provides Corporate Updates
Neutral
GlobeNewsWire
1 month ago
CervoMed Awarded the Prix Galien USA 2024 Prize for Best Startup
The Prix Galien USA Best Startup category recognizes outstanding innovation by therapeutics-focused life science companies that have not yet received their first product approval
CervoMed Awarded the Prix Galien USA 2024 Prize for Best Startup
Neutral
GlobeNewsWire
1 month ago
CervoMed to Participate in Upcoming Investor Conferences
BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- CervoMed Inc. (NASDAQ: CRVO), a clinical stage company focused on developing treatments for age-related neurologic disorders, today announced that the Company's Management will participate in the following investor conferences during the month of November:
CervoMed to Participate in Upcoming Investor Conferences
Neutral
GlobeNewsWire
1 month ago
CervoMed Announces Key Takeaways from Oral Presentations at the 17th Clinical Trials on Alzheimer's Disease Conference (CTAD)
Data from the AscenD-LB Phase 2a trial in DLB confirm recent scientific literature indicating that plasma glial fibrillary acid protein (GFAP) is a robust measure of neurodegenerative disease activity in DLB
CervoMed Announces Key Takeaways from Oral Presentations at the 17th Clinical Trials on Alzheimer's Disease Conference (CTAD)
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