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Healthcare - Biotechnology - NASDAQ - US
$ 1.36
-6.85 %
$ 6.09 M
Market Cap
-0.01
P/E
1. INTRINSIC VALUE

Alzamend Neuro, Inc., an early clinical-stage biopharmaceutical company, focuses on developing various products for the treatment of neurodegenerative and psychiatric disorders. The company's pipeline includes AL001 that is in Phase II clinical trial, which delivers a therapeutic combination of lithium, proline, and salicylate for the treatment of Alzheimer's, bi-polar disorder, post-traumatic stress disorder, major depressive disorder, other neurodegenerative diseases, and psychiatric disorders; and AL002 that completed preclinical stage, which uses a method using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine to restore the ability of a patient's immunological system to combat Alzheimer's disease. Alzamend Neuro, Inc. was incorporated in 2016 and is headquartered in Atlanta, Georgia.[ Read More ]

The intrinsic value of one ALZN stock under the base case scenario is HIDDEN Compared to the current market price of 1.36 USD, Alzamend Neuro, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ALZN

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FINANCIALS
0 REVENUE
0.00%
-9.94 M OPERATING INCOME
33.17%
-9.95 M NET INCOME
33.14%
-8.27 M OPERATING CASH FLOW
7.32%
-147 K INVESTING CASH FLOW
0.00%
3.65 M FINANCING CASH FLOW
1826112.50%
0 REVENUE
0.00%
-962 K OPERATING INCOME
-13.22%
-974 K NET INCOME
-14.43%
-1.06 M OPERATING CASH FLOW
26.00%
-90 K INVESTING CASH FLOW
-61.12%
1.96 M FINANCING CASH FLOW
29.20%
Balance Sheet Decomposition Alzamend Neuro, Inc.
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Current Assets 455 K
Cash & Short-Term Investments 376 K
Receivables 0
Other Current Assets 79.2 K
Non-Current Assets 176 K
Long-Term Investments 0
PP&E 176 K
Other Non-Current Assets 0
Current Liabilities 3.23 M
Accounts Payable 2.93 M
Short-Term Debt 301 K
Other Current Liabilities 0
Non-Current Liabilities 0
Long-Term Debt 0
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall Alzamend Neuro, Inc.
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Revenue 0
Cost Of Revenue 50.7 K
Gross Profit -50.7 K
Operating Expenses 9.94 M
Operating Income -9.94 M
Other Expenses 10.1 K
Net Income -9.95 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
383.46% ROE
383.46%
-1575.04% ROA
-1575.04%
433.30% ROIC
433.30%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Alzamend Neuro, Inc.
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Net Income -9.95 M
Depreciation & Amortization 50.7 K
Capital Expenditures -147 K
Stock-Based Compensation 956 K
Change in Working Capital 671 K
Others 671 K
Free Cash Flow -8.42 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Alzamend Neuro, Inc.
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ALZN has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Alzamend Neuro, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
300 USD 1
3-6 MONTHS
938 K USD 1
6-9 MONTHS
1.47 M USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
3 months ago
Aug 06, 2024
Bought 206 USD
AULT MILTON C III
director, 10 percent owner:
+ 75
2.75 USD
3 months ago
Jul 31, 2024
Bought 93.4 USD
AULT MILTON C III
director, 10 percent owner:
+ 25
3.7368 USD
6 months ago
Apr 19, 2024
Bought 688 USD
AULT MILTON C III
director, 10 percent owner:
+ 1000
0.6882 USD
7 months ago
Apr 01, 2024
Bought 304 USD
AULT MILTON C III
director, 10 percent owner:
+ 334
0.9109 USD
10 months ago
Jan 05, 2024
Bought 2.13 K USD
AULT MILTON C III
director, 10 percent owner:
+ 2000
1.0635 USD
7 months ago
Mar 26, 2024
Bought 936 K USD
AULT MILTON C III
director, 10 percent owner:
+ 780000
1.2 USD
7 months ago
Mar 26, 2024
Bought 780 USD
AULT MILTON C III
director, 10 percent owner:
+ 780
1 USD
9 months ago
Jan 31, 2024
Bought 1.46 M USD
AULT MILTON C III
director, 10 percent owner:
+ 1220000
1.2 USD
9 months ago
Jan 31, 2024
Bought 1.22 K USD
AULT MILTON C III
director, 10 percent owner:
+ 1220
1 USD
10 months ago
Jan 05, 2024
Bought 5.09 K USD
AULT MILTON C III
director, 10 percent owner:
+ 5000
1.0185 USD
10 months ago
Dec 22, 2023
Bought 185 USD
AULT MILTON C III
10 percent owner
+ 200
0.9242 USD
10 months ago
Dec 26, 2023
Bought 450 USD
AULT MILTON C III
10 percent owner
+ 500
0.9 USD
1 year ago
Sep 26, 2023
Bought 10.2 K USD
Katzoff David J
Chief Financial Officer
+ 53000
0.1931 USD
1 year ago
May 24, 2023
Bought 10.7 K USD
AULT MILTON C III
10 percent owner
+ 18000
0.5947 USD
1 year ago
Apr 28, 2023
Bought 20 K USD
Jackman Stephan
Chief Executive Officer
+ 37000
0.5405 USD
1 year ago
Mar 22, 2023
Bought 4.35 K USD
McGrath Lynne Fahey
Director
+ 10000
0.435 USD
1 year ago
Mar 17, 2023
Bought 2.15 K USD
AULT MILTON C III
10 percent owner
+ 5000
0.4298 USD
1 year ago
Mar 16, 2023
Bought 2.01 K USD
AULT MILTON C III
10 percent owner
+ 4000
0.5014 USD
1 year ago
Feb 15, 2023
Bought 597 USD
AULT MILTON C III
10 percent owner
+ 1000
0.5973 USD
1 year ago
Dec 28, 2022
Bought 1.74 K USD
AULT MILTON C III
Director
+ 3100
0.5629 USD
1 year ago
Dec 27, 2022
Bought 532 USD
AULT MILTON C III
Director
+ 900
0.591 USD
1 year ago
Dec 21, 2022
Bought 4.05 K USD
AULT MILTON C III
Director
+ 5000
0.8099 USD
1 year ago
Dec 19, 2022
Bought 2.46 K USD
AULT MILTON C III
Director
+ 3000
0.8184 USD
1 year ago
Dec 19, 2022
Bought 16.4 K USD
AULT MILTON C III
Director
+ 20000
0.8179 USD
1 year ago
Dec 16, 2022
Bought 18 K USD
AULT MILTON C III
Director
+ 20000
0.898 USD
2 years ago
Nov 18, 2022
Bought 1.29 K USD
AULT MILTON C III
Director
+ 1000
1.289 USD
2 years ago
Nov 02, 2022
Bought 1.13 K USD
AULT MILTON C III
Director
+ 1000
1.1299 USD
2 years ago
Oct 31, 2022
Bought 7.14 K USD
AULT MILTON C III
Director
+ 6000
1.1893 USD
2 years ago
Oct 12, 2022
Bought 2.47 K USD
AULT MILTON C III
Director
+ 2000
1.2334 USD
2 years ago
Oct 06, 2022
Bought 1.43 K USD
AULT MILTON C III
Director
+ 1000
1.4293 USD
2 years ago
Sep 29, 2022
Bought 4.15 K USD
AULT MILTON C III
director:
+ 3500
1.1865 USD
2 years ago
Aug 26, 2022
Bought 8.56 K USD
AULT MILTON C III
director:
+ 9100
0.9408 USD
2 years ago
Aug 25, 2022
Bought 4.7 K USD
AULT MILTON C III
director:
+ 4900
0.9599 USD
2 years ago
Aug 22, 2022
Bought 34.9 K USD
AULT MILTON C III
director:
+ 36000
0.9693 USD
2 years ago
Aug 16, 2022
Bought 16.2 K USD
AULT MILTON C III
director:
+ 15000
1.0809 USD
2 years ago
Aug 15, 2022
Bought 14.8 K USD
AULT MILTON C III
director:
+ 14000
1.0595 USD
2 years ago
Aug 12, 2022
Bought 1.04 K USD
AULT MILTON C III
director:
+ 1000
1.04 USD
2 years ago
Aug 03, 2022
Bought 1.9 K USD
AULT MILTON C III
director:
+ 2000
0.9478 USD
2 years ago
Jul 27, 2022
Bought 4.96 K USD
AULT MILTON C III
director:
+ 5700
0.87 USD
2 years ago
Jul 22, 2022
Bought 2.08 K USD
AULT MILTON C III
director:
+ 2300
0.9051 USD
2 years ago
Jul 18, 2022
Bought 9.77 K USD
AULT MILTON C III
director:
+ 10000
0.9773 USD
2 years ago
Jun 29, 2022
Bought 8.83 K USD
AULT MILTON C III
director:
+ 10000
0.883 USD
2 years ago
Jun 17, 2022
Bought 8.84 K USD
AULT MILTON C III
director:
+ 10000
0.8841 USD
2 years ago
Jun 15, 2022
Bought 8.74 K USD
AULT MILTON C III
director:
+ 10000
0.874 USD
2 years ago
Jun 14, 2022
Bought 8.47 K USD
AULT MILTON C III
director:
+ 10000
0.8474 USD
2 years ago
Jun 08, 2022
Bought 7.58 K USD
AULT MILTON C III
director:
+ 8000
0.947 USD
2 years ago
Jun 07, 2022
Bought 1.88 K USD
AULT MILTON C III
director:
+ 2000
0.9407 USD
2 years ago
Jun 02, 2022
Bought 7.68 K USD
AULT MILTON C III
director:
+ 8000
0.9599 USD
2 years ago
May 26, 2022
Bought 11.5 K USD
AULT MILTON C III
director:
+ 12000
0.9589 USD
2 years ago
May 24, 2022
Bought 14.3 K USD
AULT MILTON C III
director:
+ 16100
0.8886 USD
2 years ago
May 17, 2022
Bought 23.3 K USD
AULT MILTON C III
director:
+ 23900
0.9767 USD
2 years ago
May 06, 2022
Bought 21.3 K USD
AULT MILTON C III
director:
+ 25000
0.8527 USD
2 years ago
May 05, 2022
Bought 107 K USD
AULT MILTON C III
director:
+ 100000
1.0685 USD
2 years ago
Apr 26, 2022
Bought 4 M USD
AULT MILTON C III
director:
+ 2666667
1.5 USD
2 years ago
Apr 22, 2022
Bought 70.3 K USD
AULT MILTON C III
director:
+ 75000
0.9378 USD
2 years ago
Apr 11, 2022
Bought 56.3 K USD
AULT MILTON C III
director:
+ 50000
1.1265 USD
2 years ago
Mar 28, 2022
Sell 30.3 K USD
McGrath Lynne Fahey
Director
- 25000
1.213 USD
2 years ago
Mar 28, 2022
Sell 30.3 K USD
McGrath Lynne Fahey
director:
- 25000
1.213 USD
2 years ago
Mar 31, 2022
Sell 24.2 K USD
GUSTAFSON MARK
director:
- 20000
1.2101 USD
2 years ago
Mar 18, 2022
Bought 110 K USD
AULT MILTON C III
director:
+ 100000
1.1045 USD
2 years ago
Feb 24, 2022
Bought 26 K USD
AULT MILTON C III
10 percent owner
+ 22500
1.1538 USD
2 years ago
Jan 27, 2022
Bought 3.49 K USD
AULT MILTON C III
10 percent owner
+ 2500
1.395 USD
2 years ago
Jan 24, 2022
Bought 6.45 K USD
AULT MILTON C III
10 percent owner
+ 5000
1.2899 USD
2 years ago
Jan 18, 2022
Bought 11.6 K USD
AULT MILTON C III
10 percent owner
+ 7000
1.6599 USD
2 years ago
Jan 14, 2022
Bought 5.37 K USD
AULT MILTON C III
10 percent owner
+ 3000
1.7894 USD
2 years ago
Jan 07, 2022
Bought 5.78 K USD
AULT MILTON C III
10 percent owner
+ 3000
1.925 USD
2 years ago
Jan 05, 2022
Bought 3.96 K USD
AULT MILTON C III
10 percent owner
+ 2000
1.9793 USD
2 years ago
Dec 31, 2021
Bought 15.3 K USD
AULT MILTON C III
10 percent owner
+ 8000
1.9112 USD
2 years ago
Dec 31, 2021
Bought 175 USD
AULT MILTON C III
10 percent owner
+ 70
2.5 USD
2 years ago
Dec 23, 2021
Bought 3.38 K USD
AULT MILTON C III
10 percent owner
+ 1612
2.0951 USD
2 years ago
Dec 17, 2021
Bought 32.3 K USD
AULT MILTON C III
10 percent owner
+ 13000
2.4849 USD
2 years ago
Dec 20, 2021
Bought 52.7 K USD
AULT MILTON C III
10 percent owner
+ 25000
2.1066 USD
2 years ago
Dec 14, 2021
Sell 57.1 K USD
GUSTAFSON MARK
Director
- 20000
2.8543 USD
2 years ago
Dec 01, 2021
Bought 33.7 K USD
AULT MILTON C III
10 percent owner
+ 17000
1.9838 USD
2 years ago
Nov 30, 2021
Bought 12.1 K USD
AULT MILTON C III
10 percent owner
+ 5319
2.2669 USD
2 years ago
Nov 23, 2021
Bought 9.32 K USD
AULT MILTON C III
10 percent owner
+ 4681
1.99 USD
2 years ago
Nov 22, 2021
Bought 28.5 K USD
AULT MILTON C III
10 percent owner
+ 15000
1.8999 USD
3 years ago
Nov 08, 2021
Bought 373 K USD
AULT MILTON C III
10 percent owner
+ 145000
2.5732 USD
3 years ago
Nov 04, 2021
Sell 125 USD
AULT MILTON C III
10 percent owner
- 50
2.5 USD
3 years ago
Nov 03, 2021
Bought 250 USD
AULT MILTON C III
10 percent owner
+ 100
2.5 USD
3 years ago
Nov 02, 2021
Bought 125 USD
AULT MILTON C III
10 percent owner
+ 50
2.5 USD
3 years ago
Oct 22, 2021
Bought 2.6 K USD
AULT MILTON C III
10 percent owner
+ 520
5 USD
3 years ago
Oct 22, 2021
Bought 250 USD
AULT MILTON C III
10 percent owner
+ 100
2.5 USD
3 years ago
Sep 14, 2021
Bought 13.5 K USD
AULT MILTON C III
10 percent owner
+ 5000
2.6984 USD
3 years ago
Sep 16, 2021
Bought 2 K USD
AULT MILTON C III
10 percent owner
+ 200
10 USD
3 years ago
Sep 16, 2021
Bought 450 USD
AULT MILTON C III
10 percent owner
+ 180
2.5 USD
3 years ago
Aug 27, 2021
Bought 17.4 K USD
AULT MILTON C III
10 percent owner
+ 6000
2.905 USD
3 years ago
Aug 27, 2021
Bought 250 USD
AULT MILTON C III
10 percent owner
+ 100
2.5 USD
3 years ago
Aug 17, 2021
Bought 13.2 K USD
AULT MILTON C III
10 percent owner
+ 4000
3.2925 USD
3 years ago
Aug 13, 2021
Bought 46.2 K USD
AULT MILTON C III
10 percent owner
+ 13000
3.5552 USD
3 years ago
Aug 12, 2021
Bought 13.2 K USD
AULT MILTON C III
10 percent owner
+ 3400
3.8709 USD
3 years ago
Aug 13, 2021
Bought 500 USD
AULT MILTON C III
10 percent owner
+ 100
5 USD
3 years ago
Aug 11, 2021
Bought 1 K USD
AULT MILTON C III
10 percent owner
+ 200
5 USD
3 years ago
Aug 12, 2021
Bought 25 USD
AULT MILTON C III
10 percent owner
+ 10
2.5 USD
3 years ago
Aug 10, 2021
Bought 4.41 K USD
AULT MILTON C III
10 percent owner
+ 1100
4.0108 USD
3 years ago
Aug 09, 2021
Bought 2.03 K USD
AULT MILTON C III
10 percent owner
+ 500
4.055 USD
3 years ago
Aug 06, 2021
Bought 16.3 K USD
AULT MILTON C III
10 percent owner
+ 4000
4.0688 USD
3 years ago
Aug 06, 2021
Bought 700 USD
AULT MILTON C III
10 percent owner
+ 140
5 USD
3 years ago
Aug 06, 2021
Bought 1 K USD
AULT MILTON C III
10 percent owner
+ 100
10 USD
3 years ago
Aug 06, 2021
Bought 150 USD
AULT MILTON C III
10 percent owner
+ 20
7.5 USD
3 years ago
Aug 05, 2021
Bought 4.21 K USD
AULT MILTON C III
10 percent owner
+ 1000
4.21 USD
3 years ago
Aug 04, 2021
Bought 2.15 K USD
AULT MILTON C III
10 percent owner
+ 500
4.3009 USD
3 years ago
Aug 05, 2021
Bought 600 USD
AULT MILTON C III
10 percent owner
+ 60
10 USD
3 years ago
Aug 04, 2021
Bought 50 USD
AULT MILTON C III
10 percent owner
+ 10
5 USD
3 years ago
Aug 03, 2021
Bought 2.18 K USD
AULT MILTON C III
10 percent owner
+ 500
4.35 USD
3 years ago
Aug 02, 2021
Bought 6.84 K USD
AULT MILTON C III
10 percent owner
+ 1500
4.5633 USD
3 years ago
Jul 30, 2021
Bought 2 M USD
AULT MILTON C III
10 percent owner
+ 1333333
1.5 USD
3 years ago
Jul 30, 2021
Bought 22.8 K USD
AULT MILTON C III
10 percent owner
+ 5000
4.5687 USD
3 years ago
Jul 30, 2021
Bought 1 M USD
AULT MILTON C III
10 percent owner
+ 666667
1.5 USD
3 years ago
Jul 30, 2021
Bought 5 K USD
AULT MILTON C III
10 percent owner
+ 500
10 USD
3 years ago
Jul 30, 2021
Bought 100 USD
AULT MILTON C III
10 percent owner
+ 20
5 USD
3 years ago
Aug 03, 2021
Bought 100 USD
AULT MILTON C III
10 percent owner
+ 10
10 USD
3 years ago
Jul 30, 2021
Bought 100 USD
AULT MILTON C III
10 percent owner
+ 10
10 USD
3 years ago
Jul 30, 2021
Bought 75 USD
AULT MILTON C III
10 percent owner
+ 10
7.5 USD
3 years ago
Aug 03, 2021
Bought 25 USD
AULT MILTON C III
10 percent owner
+ 10
2.5 USD
3 years ago
Jul 27, 2021
Bought 17.5 K USD
AULT MILTON C III
10 percent owner
+ 4000
4.3668 USD
3 years ago
Jul 26, 2021
Bought 17.3 K USD
AULT MILTON C III
10 percent owner
+ 3500
4.9424 USD
3 years ago
Jul 23, 2021
Bought 28.8 K USD
AULT MILTON C III
10 percent owner
+ 5000
5.7576 USD
3 years ago
Jul 27, 2021
Bought 50 USD
AULT MILTON C III
10 percent owner
+ 10
5 USD
3 years ago
Jul 27, 2021
Bought 60 USD
AULT MILTON C III
10 percent owner
+ 8
7.5 USD
3 years ago
Jul 27, 2021
Bought 100 USD
AULT MILTON C III
10 percent owner
+ 10
10 USD
3 years ago
Jul 26, 2021
Bought 100 USD
AULT MILTON C III
10 percent owner
+ 20
5 USD
3 years ago
Jul 26, 2021
Bought 100 USD
AULT MILTON C III
10 percent owner
+ 10
10 USD
3 years ago
Jul 21, 2021
Bought 2.73 K USD
AULT MILTON C III
10 percent owner
+ 500
5.4544 USD
3 years ago
Jul 20, 2021
Bought 15.6 K USD
AULT MILTON C III
10 percent owner
+ 3000
5.2015 USD
3 years ago
Jul 22, 2021
Bought 90 USD
AULT MILTON C III
10 percent owner
+ 12
7.5 USD
3 years ago
Jul 19, 2021
Bought 21.6 K USD
AULT MILTON C III
10 percent owner
+ 4000
5.4125 USD
3 years ago
Jul 16, 2021
Bought 3.74 K USD
AULT MILTON C III
10 percent owner
+ 600
6.2333 USD
3 years ago
Jul 15, 2021
Bought 4.43 K USD
AULT MILTON C III
10 percent owner
+ 700
6.3254 USD
3 years ago
Jul 15, 2021
Sell 2.08 K USD
AULT MILTON C III
10 percent owner
- 300
6.9203 USD
3 years ago
Jul 14, 2021
Bought 33.7 K USD
AULT MILTON C III
10 percent owner
+ 5500
6.1249 USD
3 years ago
Jul 13, 2021
Bought 5.64 K USD
AULT MILTON C III
10 percent owner
+ 900
6.2633 USD
3 years ago
Jul 12, 2021
Bought 49.8 K USD
AULT MILTON C III
10 percent owner
+ 8100
6.1496 USD
3 years ago
Jul 14, 2021
Bought 33.7 K USD
AULT MILTON C III
10 percent owner
+ 5000
6.7374 USD
3 years ago
Jul 13, 2021
Bought 5.64 K USD
AULT MILTON C III
10 percent owner
+ 900
6.2633 USD
3 years ago
Jul 12, 2021
Bought 49.8 K USD
AULT MILTON C III
10 percent owner
+ 8100
6.1496 USD
3 years ago
Jul 08, 2021
Bought 12.2 K USD
AULT MILTON C III
10 percent owner
+ 2000
6.075 USD
3 years ago
Jul 07, 2021
Bought 31.5 K USD
AULT MILTON C III
10 percent owner
+ 5000
6.2933 USD
3 years ago
Jul 06, 2021
Bought 49.5 K USD
AULT MILTON C III
10 percent owner
+ 7000
7.0704 USD
3 years ago
Jul 02, 2021
Bought 75.5 K USD
AULT MILTON C III
10 percent owner
+ 10500
7.1926 USD
3 years ago
Jul 01, 2021
Bought 120 K USD
AULT MILTON C III
10 percent owner
+ 15500
7.7509 USD
3 years ago
Jun 29, 2021
Bought 12.8 K USD
AULT MILTON C III
10 percent owner
+ 1300
9.8339 USD
3 years ago
Jun 29, 2021
Sell 3.02 K USD
AULT MILTON C III
10 percent owner
- 300
10.06 USD
3 years ago
Jun 28, 2021
Bought 4.56 K USD
AULT MILTON C III
10 percent owner
+ 400
11.4 USD
3 years ago
Jun 28, 2021
Bought 18.2 K USD
AULT MILTON C III
10 percent owner
+ 1800
10.1154 USD
3 years ago
Jun 28, 2021
Bought 63.8 K USD
AULT MILTON C III
10 percent owner
+ 6800
9.3766 USD
3 years ago
Jun 25, 2021
Bought 123 K USD
AULT MILTON C III
10 percent owner
+ 14000
8.7876 USD
3 years ago
Jun 24, 2021
Bought 78.3 K USD
AULT MILTON C III
10 percent owner
+ 9500
8.24 USD
3 years ago
Jun 23, 2021
Bought 22.4 K USD
AULT MILTON C III
10 percent owner
+ 2500
8.96 USD
3 years ago
Jun 22, 2021
Bought 170 K USD
AULT MILTON C III
10 percent owner
+ 22000
7.7285 USD
3 years ago
Jun 21, 2021
Bought 52.7 K USD
AULT MILTON C III
10 percent owner
+ 6500
8.1027 USD
3 years ago
Jun 18, 2021
Bought 153 K USD
AULT MILTON C III
10 percent owner
+ 16500
9.2832 USD
3 years ago
Jun 18, 2021
Sell 4.76 K USD
AULT MILTON C III
10 percent owner
- 500
9.52 USD
3 years ago
Jun 17, 2021
Bought 173 K USD
AULT MILTON C III
10 percent owner
+ 16500
10.5115 USD
3 years ago
Jun 17, 2021
Sell 5.4 K USD
AULT MILTON C III
10 percent owner
- 500
10.8 USD
3 years ago
Jun 16, 2021
Bought 120 K USD
AULT MILTON C III
10 percent owner
+ 11100
10.811 USD
3 years ago
Jun 15, 2021
Bought 17.8 K USD
AULT MILTON C III
10 percent owner
+ 1400
12.72 USD
3 years ago
Jun 15, 2021
Bought 10 M USD
AULT MILTON C III
10 percent owner
+ 2000000
5 USD
7. News
Alzamend Neuro Stock Jumps After Post Traumatic Stress Disorder Study Pact: Details Monday, Alzamend Neuro Inc.  ALZN stock is trading higher after the company partnered with Massachusetts General Hospital as its contract research organization. benzinga.com - 2 months ago
Alzamend Neuro Announces Termination of At-the-Market Equity Offering Program ATLANTA--(BUSINESS WIRE)---- $ALZN #10_day_termination_process_started--Alzamend Neuro Announces Termination of At-the-Market Equity Offering Program. businesswire.com - 6 months ago
PRISM MarketView – Weekly Market Report – April 26, 2024 PRISM Market Pulse: Equities Rally Amid Mixed Big Tech Earnings; Economic Shifts and Sector-Specific Highlights New York, N.Y., April 26, 2024 – PRISM MarketView – Equities were higher through the morning into midday trading as the S&P 500 and Nasdaq are set to snap their three- and four-week losing streaks. prismmediawire.com - 6 months ago
Alzamend Neuro Regains Compliance with Nasdaq's Minimum Bid Price Requirement ATLANTA--(BUSINESS WIRE)---- $ALZN #Alzamend--Alzamend Neuro Regains Compliance with Nasdaq's Minimum Bid Price Requirement. businesswire.com - 1 year ago
Alzamend Neuro Announces Reverse Stock Split ATLANTA--(BUSINESS WIRE)---- $ALZN #15_to_1_stock_reversal--Alzamend Neuro Announces Reverse Stock Split. businesswire.com - 1 year ago
3 Biotech Stocks That Could Turn $1,000 into $10,000 by 2024 Developing groundbreaking drugs and devices entails high costs, uncertain regulatory approval, and lucrative revenues. Those factors and more culminate to create a sector filled with dozens of biotech stocks that have 10X potential, or better. investorplace.com - 1 year ago
3 Penny Stocks That Could Turn $1,000 into $10,000 in a Year Turning $1,000 into $10,000 in a year in the stock market is undoubtedly a lofty goal. Make no bones about it, it's not particularly likely to happen. investorplace.com - 1 year ago
Ault Alliance Announces Alzamend Neuro Has Initiated Its Phase I/IIA Trial for Its Immunotherapy Vaccine (ALZN002) to Treat Mild to Moderate Dementia of the Alzheimer’s Type LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), is proud to announce that Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”) has initiated its Phase I/IIA clinical trial for its immunotherapeutic vaccine (ALZN002) to treat mild to moderate dementia of the Alzheimer’s type. The Company believes this marks a key milestone in clinical drug discovery and development, and Ault Alliance congratulates Alzamend Neuro on this achievement. The primary goal of this clinical trial is to determine the appropriate dose of ALZN002 for treatment of patients with Alzheimer’s in a larger Phase IIB efficacy and safety clinical trial, which Alzamend expects to initiate within three months of receiving data from the initial trial. Milton “Todd” Ault, III, the Executive Chairman of Ault Alliance and Founder/Chairman Emeritus of Alzamend, stated, “We founded Alzamend with a mission to combat the devastating impact of Alzheimer’s disease, which has affected members of my own family. Our goal has always been to bring two groundbreaking treatments licensed from the University of South Florida into clinical trials and provide hope to the millions suffering from this affliction. Today, I am thrilled to announce that we have taken a significant step forward in achieving these objectives.” As Ault Alliance celebrates this exciting news, it recognizes that the work is far from over. Ault Alliance plans to continue to champion Alzamend Neuro’s efforts, providing strong support and encouragement throughout the clinical trial process, and together, the companies are committed to making a difference in the lives of millions suffering from Alzheimer’s disease. The Company has certain beneficial ownership and rights to further invest in Alzamend. The Company beneficially owns approximately 11.3 million shares and has the right to acquire 3.4 million shares of Alzamend common stock upon the exercise of warrants. In addition, the Company’s wholly owned subsidiary, Ault Lending, LLC, has the right to purchase up to an additional 6.67 million shares at $1.50 per share with warrants to purchase 3.3 million of shares of Alzamend common stock at an exercise price of $3.00 per share. Should the Company exercise all warrants and options to invest, it would own approximately 23.8 million shares with an average cost of $2.01 per share of common stock, representing 22% of Alzamend’s issued and outstanding common stock. For more information on the Phase I/IIA clinical trial of ALZN002 and the ongoing work of Alzamend Neuro, please visit www.Alzamend.com. For more information on Ault Alliance and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.ault.com. businesswire.com - 1 year ago
Alzamend Neuro Announces the Initiation of a Phase I/IIA Trial for Its Immunotherapy Vaccine (ALZN002) to Treat Mild to Moderate Dementia of the Alzheimer’s Type ATLANTA--(BUSINESS WIRE)--Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”), an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s disease (“Alzheimer’s”), bipolar disorder, major depressive disorder (“MDD”) and post-traumatic stress disorder (“PTSD”), today announced the initiation of a phase I/IIA clinical trial for its immunotherapy vaccine (ALZN002) to treat mild to moderate dementia of the Alzheimer’s type. The purpose of this trial is to assess the safety, tolerability, and efficacy of multiple ascending doses of ALZN002 compared with that of placebo in 20-30 subjects with mild to moderate morbidity. The primary goal of this clinical trial is to determine an appropriate dose of ALZN002 for treatment of patients with Alzheimer’s in a larger Phase IIB efficacy and safety clinical trial, which Alzamend expects to initiate within three months of receiving data from the initial trial. “Alzamend’s motto is ‘Making Alzheimer’s just a memory.’ There remains a need to develop new therapies that alter the progression of Alzheimer’s and prevent, reverse or slow neurodegeneration and cognitive decline. Today, we are on the threshold of importantly advancing the art and science of anti-beta amyloid therapy by treating each Alzheimer’s patient’s individual immune system,” said Stephan Jackman, Chief Executive Officer of Alzamend. “Intermittent use of our immunotherapeutic vaccine (ALZN002) may be expected to limit the number of infusions needed, may reduce the potential for adverse reactions, and provide more substantive cognitive and functional outcomes to the millions of Americans afflicted with this devastating disease.” About ALZN002 ALZN002 is a proprietary “active” immunotherapy product, which means it is produced by each patient’s immune system. It consists of autologous dendritic cells (“DCs”), which are activated white blood cells taken from each individual patient that are then engineered outside of the body to attack Alzheimer’s-related amyloid-beta proteins. These DCs are pulsed with a novel amyloid-beta peptide (E22W) designed to bolster the ability of the patient’s immune system to combat Alzheimer’s; the goal of this treatment approach is to foster tolerance to treatment for safety purposes while stimulating the immune system to reduce the brain’s beta-amyloid protein burden, resulting in reduced Alzheimer’s signs and symptoms. The ALZN002 DC treatment is, by definition, an individual-patient-specific therapy since these autologous DCs are administered to the same patient from whom they were removed. Each patient will undergo leukapheresis, i.e., removal and return to the body of white blood cells. This procedure will isolate each patient’s peripheral blood monocytes from the obtained white blood cells. These are subsequently differentiated outside the body into DCs that are engineered to induce immunogenicity (search and destroy capability) towards amyloid, the protein associated with Alzheimer’s in the patient’s body, but to be otherwise tolerated as natural to the body to avoid adverse side effects. Compared to passive immunization treatment approaches that use foreign blood products (such as monoclonal antibodies), active immunization with ALZN002 is anticipated to offer a more robust and long-lasting effect on the clearance of amyloid. This is expected to provide a safe and effective treatment for Alzheimer’s sufferers that requires considerably less frequent treatment visits compared to passive immunity approaches. Multiple pre-clinical studies have been conducted using a transgenic (or genetically modified) mouse model of Alzheimer’s disease at the University of South Florida and Charles River Laboratories that reported encouraging Alzheimer’s disease-related measurements and neurobehavioral effects, supporting this IND application. Strong evidence of significant ALZN002‑mediated amyloid plaque reductions was observed in mouse disease models. There were no undue adverse findings in a good laboratory practices toxicology study, which consisted of five injections administered over a 90-day period and evaluated for 90 days after the last dose. Histopathology results demonstrated that there were no indication of T-cell infiltration or meningoencephalitis (inflammation of the membranes that surround the brain), suggesting that ALZN002 is safe and tolerable. In addition, there were no treatment-related mortalities or reports of adverse effects on clinical observations during the main study or the recovery phase. About Alzamend Neuro Alzamend is an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s, bipolar disorder, MDD and PTSD. Our mission is to rapidly develop and market safe and effective treatments. Our current pipeline consists of two novel therapeutic drug candidates, AL001 - a patented ionic cocrystal technology delivering lithium via a therapeutic combination of lithium, proline and salicylate, and ALZN002 - 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. Both of our product candidates are licensed from the University of South Florida Research Foundation, Inc. pursuant to royalty-bearing exclusive worldwide licenses. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and Alzamend undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect Alzamend’s business and financial results are included in Alzamend’s filings with the U.S. Securities and Exchange Commission. All filings are available at www.sec.gov and on Alzamend’s website at www.Alzamend.com. businesswire.com - 1 year ago
Alzamend Neuro Announces Completion of Clinical Portion of Phase IIA Multiple Ascending Dose Clinical Trial for AL001 Treatment of Dementia Related to Alzheimer’s ATLANTA--(BUSINESS WIRE)--Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”), an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s disease (“Alzheimer’s”), bipolar disorder, major depressive disorder (“MDD”) and post-traumatic stress disorder (“PTSD”), today announced the completion of the clinical portion of its Phase IIA multiple ascending dose (“MAD”) study for dementia related to Alzheimer’s. The MAD study’s purpose was to evaluate the safety and tolerability of AL001 under multiple-dose, steady-state conditions and determine the maximum tolerated dose in patients diagnosed with mild to moderate Alzheimer’s and healthy subjects. AL001 is a novel lithium-delivery system; it is a lithium-salicylate-L-proline engineered ionic cocrystal under development as an oral treatment for patients with dementia related to mild, moderate, and severe cognitive impairment associated with Alzheimer’s. AL001 has the potential to deliver benefits of marketed lithium carbonate while mitigating or avoiding current toxicities associated with lithium. “We strongly believe that AL001’s patented ionic cocrystal technology could potentially provide clinicians with a major improvement over current lithium-based treatments and may constitute a means of treating over 40 million American suffering from Alzheimer’s, bipolar disorder, MDD and PTSD,” said Stephan Jackman, Chief Executive Officer of Alzamend. “We look forward to reporting topline data in June 2023 and further advancing clinical development of this promising potential therapeutic.” About AL001 Phase IIA Study Having completed the clinical portion of the MAD study, the resulting pharmacokinetic and statistical data are undergoing evaluation of the safety and tolerability of AL001 under multiple-dose, steady‑state conditions. This is to characterize the maximum tolerated dose in healthy young and elderly subjects and in subjects diagnosed with mild to moderate Alzheimer’s. Potentially safe and effective doses will thereby be determined for deployment in planned subsequent Phase IIA clinical trials involving Alzheimer’s, bipolar disorder, MDD and PTSD subjects. Lithium has been well-characterized for safety and is approved/marketed in multiple formulations for bipolar affective disorders. AL001 lithium ascending dosing for the MAD cohorts tested incremental fractions of the usual lithium exposure for treatment of bipolar affective disorder, with the target lithium dose for Alzheimer’s treatment expected at a level that will not require therapeutic drug monitoring. In each of the multiple healthy young/elderly and Alzheimer’s cohorts, consisting of 6 active and 2 placebo patients each (as per randomization), multiple ascending doses were administered three times daily for 14 days under fasted conditions up to tolerability/safety limits that included the highest dose permitted per protocol. About Alzamend Neuro Alzamend is an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders, including Alzheimer’s. Our mission is to rapidly develop and market safe and effective treatments. Our current pipeline consists of two novel therapeutic drug candidates, AL001 - a patented ionic cocrystal technology delivering lithium via 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. Both of our product candidates are licensed from the University of South Florida Research Foundation, Inc. pursuant to royalty-bearing exclusive worldwide licenses. Forward-Looking Statements This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and Alzamend undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect Alzamend’s business and financial results are included in Alzamend’s filings with the U.S. Securities and Exchange Commission. All filings are available at www.sec.gov and on Alzamend’s website at www.Alzamend.com. businesswire.com - 1 year ago
Alzamend Neuro Announces Completion of Clinical Portion of Phase IIA Multiple Ascending Dose Clinical Trial for AL001 Treatment of Dementia Related to Alzheimer’s ATLANTA--(BUSINESS WIRE)--Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”), an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s disease (“Alzheimer’s”), bipolar disorder, major depressive disorder (“MDD”) and post-traumatic stress disorder (“PTSD”), today announced the completion of the clinical portion of its Phase IIA multiple ascending dose (“MAD”) study for dementia related to Alzheimer’s. The MAD study’s purpose was to evaluate the safety and tolerability of AL001 under multiple-dose, steady-state conditions and determine the maximum tolerated dose in patients diagnosed with mild to moderate Alzheimer’s and healthy subjects. AL001 is a novel lithium-delivery system; it is a lithium-salicylate-L-proline engineered ionic cocrystal under development as an oral treatment for patients with dementia related to mild, moderate, and severe cognitive impairment associated with Alzheimer’s. AL001 has the potential to deliver benefits of marketed lithium carbonate while mitigating or avoiding current toxicities associated with lithium. “We strongly believe that AL001’s patented ionic cocrystal technology could potentially provide clinicians with a major improvement over current lithium-based treatments and may constitute a means of treating over 40 million American suffering from Alzheimer’s, bipolar disorder, MDD and PTSD,” said Stephan Jackman, Chief Executive Officer of Alzamend. “We look forward to reporting topline data in June 2023 and further advancing clinical development of this promising potential therapeutic.” About AL001 Phase IIA Study Having completed the clinical portion of the MAD study, the resulting pharmacokinetic and statistical data are undergoing evaluation of the safety and tolerability of AL001 under multiple-dose, steady‑state conditions. This is to characterize the maximum tolerated dose in healthy young and elderly subjects and in subjects diagnosed with mild to moderate Alzheimer’s. Potentially safe and effective doses will thereby be determined for deployment in planned subsequent Phase IIA clinical trials involving Alzheimer’s, bipolar disorder, MDD and PTSD subjects. Lithium has been well-characterized for safety and is approved/marketed in multiple formulations for bipolar affective disorders. AL001 lithium ascending dosing for the MAD cohorts tested incremental fractions of the usual lithium exposure for treatment of bipolar affective disorder, with the target lithium dose for Alzheimer’s treatment expected at a level that will not require therapeutic drug monitoring. In each of the multiple healthy young/elderly and Alzheimer’s cohorts, consisting of 6 active and 2 placebo patients each (as per randomization), multiple ascending doses were administered three times daily for 14 days under fasted conditions up to tolerability/safety limits that included the highest dose permitted per protocol. About Alzamend Neuro Alzamend is an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders, including Alzheimer’s. Our mission is to rapidly develop and market safe and effective treatments. Our current pipeline consists of two novel therapeutic drug candidates, AL001 - a patented ionic cocrystal technology delivering lithium via 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. Both of our product candidates are licensed from the University of South Florida Research Foundation, Inc. pursuant to royalty-bearing exclusive worldwide licenses. Forward-Looking Statements This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and Alzamend undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect Alzamend’s business and financial results are included in Alzamend’s filings with the U.S. Securities and Exchange Commission. All filings are available at www.sec.gov and on Alzamend’s website at www.Alzamend.com. businesswire.com - 1 year ago
Alzamend Neuro Reports Third Fiscal Quarter Financial Results and Provides a Business Update ATLANTA--(BUSINESS WIRE)--Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”), an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s disease (“Alzheimer’s”), bipolar disorder, major depressive disorder (“MDD”) and post-traumatic stress disorder (“PTSD”), today announced financial results for the third quarter ended January 31, 2023 and provided an update on its clinical operations. “We strongly believe that AL001’s patented ionic cocrystal technology and the ALZN002 patient-specific immunotherapeutic vaccine candidate have the potential of treating over 40 million American suffering from Alzheimer’s and other neurodegenerative diseases and psychiatric disorders,” said Stephan Jackman, Chief Executive Officer of Alzamend. “We look forward to receiving topline data in June 2023 from our Phase IIA multiple ascending dose clinical trial for AL001 for the treatment of Dementia related to Alzheimer’s. Additionally, we are about to initiate a Phase I/IIA clinical trial for ALZN002 to treat mild to moderate dementia of the Alzheimer’s type, which is expected to occur by the end of this month.” Financial Results for Quarter Ended January 31, 2023 At January 31, 2023, cash was $7.4 million, and working capital was $5.8 million. Net loss for the three months ended January 31, 2023 was $5.4 million, or $0.06 per share. This compares to a net loss of $2.6 million, or $0.03 per share, for the same period in the prior year. The net loss increased compared to the prior period due primarily to a significant increase in our research and development (“R&D”) activities for a Phase IIA program of AL001 in Alzheimer’s and activities relating to the filing of an investigational new drug (“IND”) application to conduct a Phase I/IIA program of ALZN002 in Alzheimer’s. Net cash used in operations was $6.7 million during the nine months ended January 31, 2023. R&D expenses for the three months ended January 31, 2023 were $2.9 million. This compares to $0.9 million for the same period in the prior year. R&D expenses increased compared to the prior period due primarily to increased activities and expenses related to clinical and pre-clinical studies and support functions. General and administrative (“G&A”) expenses for the three months ended January 31, 2023 were $2.5 million. This compares to $1.7 million for the same period in the prior year. G&A expenses increased compared to the prior period due primarily to increased marketing fees and stock-based compensation. “We expect to receive $14.8 million of cash in 2023, as a note receivable issued to us from a prior sale of our common stock has a maturity date of December 31, 2023. While no assurances can be given that the note issuer will pay on or before the maturity date, the receipt of such additional capital would be non-dilutive, and we anticipate utilizing such capital to file INDs for bipolar disorder, MDD, and PTSD, as well as conducting Phase II clinical trials for the respective indications,” said Mr. David Katzoff, Chief Financial Officer of Alzamend. “The net proceeds (~$13.1 million) from our initial public offering in June 2021 was intended to cover the expenses for Phases I for AL001 and ALZN002. We have been able to accomplish a lot more by being innovative and excellent stewards of the capital, thereby maintaining a low burn rate and capping our workforce to four full-time and three part-time employees.” Clinical Operations Update AL001 AL001 is a patented ionic cocrystal technology delivering lithium via a therapeutic crystal-engineered combination of lithium, L-proline and salicylate, known as AL001 or LiProSal. Alzamend previously completed a Phase I first-in-human trial to determine the pharmacokinetics, safety and tolerability of AL001. During this Phase I trial, participants received a single dose of AL001 containing lithium in an amount equivalent to 150 mg lithium carbonate; at the dose proposed deemed appropriate for Alzheimer’s treatment when given three times daily. Currently, marketed lithium carbonate 300 mg are given three times daily when prescribed for manic episodes in bipolar disorder as well as maintenance therapy of bipolar disorder in patients with a history of manic episodes. The data affirmed that dose-adjusted relative bioavailability analyses of the rate and extent of lithium absorption in plasma indicated that AL001 at 150 mg dosage is bioequivalent to the marketed 300 mg lithium carbonate product and the shapes of the lithium plasma concentration versus time curves are similar. Findings of plasma bioequivalence to a marketed lithium product may allow Alzamend to reduce the scope or eliminate the need for Phase 2 and Phase 3 studies of efficacy and/or safety of AL001 in such indications as bipolar/affective disorders in which lithium efficacy has been established. Bioequivalence may have utility for AL001 when seeking approval for the indications of currently marketed lithium products, and for new indications as a benchmark for safety. The ongoing Phase IIA clinical trial, which was initiated in May 2022, is evaluating the safety and tolerability of AL001 under multiple-dose, steady-state conditions and determine the maximum tolerated dose in patients diagnosed with mild to moderate Alzheimer’s and healthy adult subjects. Lithium has been well-characterized for safety and is approved/marketed in multiple formulations for bipolar affective disorders. Up to 40 subjects will complete the Phase IIA trial. The maximum tolerated dose will then be used for further studies in Alzheimer’s, bipolar disorder, MDD and PTSD. Topline data for this clinical trial is expected in June 2023. AL002 ALZN002 is a proprietary "active" immunotherapy product, which means it is produced by each patient’s immune system. It consists of autologous dendritic cells (“DCs”), which are activated white blood cells taken from each individual patient that are then engineered outside of the body to attack Alzheimer’s-related amyloid-beta proteins. These DCs are pulsed with a novel amyloid-beta peptide (E22W) designed to bolster the ability of the patient’s immune system to combat Alzheimer’s; the goal of this treatment approach is to foster tolerance to treatment for safety purposes while stimulating the immune system to reduce the brain’s beta-amyloid protein burden, resulting in reduced Alzheimer’s signs and symptoms. The ALZN002 DC treatment is, by definition, an individual-patient-specific therapy since these autologous DCs are administered to the same patient from whom they were removed. Each patient will undergo leukapheresis, i.e., removal and return to the body of white blood cells. This procedure will isolate each patient’s peripheral blood monocytes from the obtained white blood cells. These are subsequently differentiated outside the body into DCs that are engineered to induce immunogenicity (search and destroy capability) towards amyloid, the protein associated with Alzheimer’s in the patient’s body, but to be otherwise tolerated as natural to the body to avoid adverse side effects. Compared to passive immunization treatment approaches that use foreign blood products (such as monoclonal antibodies), active immunization with ALZN002 is anticipated to offer a more robust and long-lasting effect on the clearance of amyloid. This is expected to provide a safe and effective treatment for Alzheimer’s sufferers that requires considerably less frequent treatment visits compared to passive immunity approaches. Alzamend expects to initiate a Phase I/Phase IIA clinical trial for ALZN002 to treat mild to moderate dementia of the Alzheimer’s type by the end of March 2023. The purpose of this trial is to assess the safety, tolerability and efficacy of multiple ascending doses of ALZN002 compared with that of placebo in 20-30 subjects with mild to moderate dementia of the Alzheimer’s type. The primary goal of this clinical trial is to determine an appropriate dose of ALZN002 for treatment of patients with Alzheimer’s in a larger Phase IIB efficacy and safety clinical trial, which Alzamend expects to initiate within three months of receiving data from the initial trial. About Alzamend Neuro Alzamend is an early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s, bipolar disorder, MDD and PTSD. Our mission is to rapidly develop and market safe and effective treatments. Our current pipeline consists of two novel therapeutic drug candidates, AL001 - a patented ionic cocrystal technology delivering lithium via a therapeutic combination of lithium, proline and salicylate, and ALZN002 - 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. Both of our product candidates are licensed from the University of South Florida Research Foundation, Inc. pursuant to royalty-bearing exclusive worldwide licenses. Forward-Looking Statements This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and Alzamend undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect Alzamend’s business and financial results are included in Alzamend’s filings with the U.S. Securities and Exchange Commission. All filings are available at www.sec.gov and on Alzamend’s website at www.Alzamend.com. Alzamend Neuro, Inc. Condensed Balance Sheets (Unaudited) January 31, 2023 April 30, 2022 ASSETS CURRENT ASSETS Cash $ 7,375,841 $ 14,063,811 Prepaid expenses and other current assets 546,303 349,723 Prepaid expenses - related party 494,668 – TOTAL CURRENT ASSETS 8,416,812 14,413,534 Property, plant and equipment, net 85,166 102,909 TOTAL ASSETS $ 8,501,978 $ 14,516,443 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable and accrued liabilities $ 2,642,473 $ 1,162,850 Related party payable – 2,082 TOTAL CURRENT LIABILITIES 2,642,473 1,164,932 TOTAL LIABILITIES 2,642,473 1,164,932 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS’ EQUITY Convertible Preferred stock, $0.0001 par value: 10,000,000 shares authorized; Series A Convertible Preferred Stock, $0.0001 stated value per share, 1,360,000 shares designated; nil 0 issued and outstanding as of January 31, 2023 and April 30, 2022 – – Common stock, $0.0001 par value: 300,000,000 shares authorized; 96,427,624 and 95,481,790 shares issued and outstanding as of January 31, 2023 and April 30, 2022, respectively 9,642 9,548 Additional paid-in capital 61,500,292 57,419,753 Note receivable for common stock – related party (14,883,295 ) (14,883,295 ) Accumulated deficit (40,767,134 ) (29,194,495 ) TOTAL STOCKHOLDERS’ EQUITY 5,859,505 13,351,511 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 8,501,978 $ 14,516,443 Alzamend Neuro, Inc. Condensed Statements of Operations (Unaudited) For the Three Months Ended January 31, For the Nine Months Ended January 31, 2023 2022 2023 2022 OPERATING EXPENSES Research and development $ 2,888,847 $ 873,653 $ 5,797,789 $ 3,540,111 General and administrative 2,534,665 1,682,913 5,767,668 4,906,628 Total operating expenses 5,423,512 2,556,566 11,565,457 8,446,739 Loss from operations (5,423,512 ) (2,556,566 ) (11,565,457 ) (8,446,739 ) OTHER EXPENSE, NET Interest expense (2,062 ) (16,299 ) (7,182 ) (45,922 ) Total other expense, net (2,062 ) (16,299 ) (7,182 ) (45,922 ) NET LOSS $ (5,425,574 ) $ (2,572,865 ) $ (11,572,639 ) $ (8,492,661 ) Basic and diluted net loss per common share $ (0.06 ) $ (0.03 ) $ (0.12 ) $ (0.09 ) Basic and diluted weighted average common shares outstanding 98,326,175 94,165,225 97,765,471 89,484,601 Alzamend Neuro, Inc. Condensed Statements of Cash Flows (Unaudited) For the Nine Months Ended January 31, 2023 2022 Cash flows from operating activities: Net loss $ (11,572,639 ) $ (8,492,661) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation expense 17,743 – Interest expense - debt discount – 12,770 Stock-based compensation to employees and consultants 3,091,299 3,150,801 Changes in operating assets and liabilities: Prepaid expenses and other current assets (196,580 ) 344,493 Prepaid expenses related party 492,584 – Accounts payable and accrued expenses 1,479,623 (67,040) Net cash used in operating activities (6,687,970 ) (5,051,637) Cash flows from financing activities: Proceeds from the issuance of common stock and warrants - related party, net – 2,000,000 Proceeds from stock option exercise – 1,200 Proceeds from initial public offering, net of underwriters’ discounts and commissions and issuance costs – 12,911,456 Net cash provided by financing activities – 14,912,656 Net (decrease) increase in cash (6,687,970 ) 9,861,019 Cash at beginning of period 14,063,811 1,929,270 Cash at end of period $ 7,375,841 $ 11,790,289 Supplemental disclosures of cash flow information: Non-cash financing activities: Fair value of warrants issued in connection with March 2021 securities purchase agreement, related party $ – $ 4,799,742 Fair value of warrants issued in connection with IPO $ – $ 461,877 Issuance of common stock on conversion of note $ – $ 378,373 Issuance of common stock for related party payable $ 989,334 $ – businesswire.com - 1 year ago
8. Profile Summary

Alzamend Neuro, Inc. ALZN

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 6.09 M
Dividend Yield 0.00%
Description Alzamend Neuro, Inc., an early clinical-stage biopharmaceutical company, focuses on developing various products for the treatment of neurodegenerative and psychiatric disorders. The company's pipeline includes AL001 that is in Phase II clinical trial, which delivers a therapeutic combination of lithium, proline, and salicylate for the treatment of Alzheimer's, bi-polar disorder, post-traumatic stress disorder, major depressive disorder, other neurodegenerative diseases, and psychiatric disorders; and AL002 that completed preclinical stage, which uses a method using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine to restore the ability of a patient's immunological system to combat Alzheimer's disease. Alzamend Neuro, Inc. was incorporated in 2016 and is headquartered in Atlanta, Georgia.
Contact 3500 Lenox Road NE, Atlanta, GA, 30326 https://www.alzamend.com
IPO Date June 15, 2021
Employees 4
Officers Mr. Kenneth S. Cragun CPA Senior Vice President of Finance Mr. Stephan Jackman Chief Executive Officer & Director Mr. Milton Charles Ault III Founder & Vice Chairman Mr. David J. Katzoff Chief Financial Officer Mr. Henry C. W. Nisser Esq. Executive Vice President, General Counsel & Director