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Stock impact report

Annovis Issued Patent for Method of Treating Parkinson’s Disease and Other Lewy Body Diseases

Annovis Bio, Inc. (ANVS) 
Company Research Source: GlobeNewswire
BERWYN, Pa., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Annovis Bio Inc. (NYSE American: ANVS), a clinical-stage drug platform company addressing Alzheimer’s, Parkinson’s and other neurodegenerative diseases, was issued a patent (US 10,383,851) in August 2019 for a method of treating Parkinson’s disease, Lewy body dementia and other Lewy body diseases in humans by administering its lead compound, ANVS401. The Company expects multiple patents to be generated from this patent family, each targeting specific neurodegenerative diseases independently. Maria Maccecchini, Ph.D., CEO of Annovis, commented, “Based on discussions with the patent office, we have filed additional patent applications for each individual neurodegenerative disease that our drug targets.  We plan to provide further updates as we execute on this process.” ANVS401 improves axonal transport, the information highway of the nerve cell, by attacking multiple neurotoxic proteins simultaneously. ANVS401 is the lead compound in th Show less Read more
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