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Stock impact report

Coya Therapeutics Announces $5 Million Strategic Investment by the Alzheimer's Drug Discovery Foundation (ADDF) [Yahoo! Finance]

Coya Therapeutics, Inc. (COYA) 
Company Research Source: Yahoo! Finance
COYA 302's combination therapeutic approach aligns with ADDF's belief in combination therapy being the future of Alzheimer's and related dementia treatments HOUSTON, May 20, 2024 BUSINESS WIRE )--Coya Therapeutics, Inc. (Nasdaq: COYA) ("Coya" or the "Company"), a clinical-stage biotechnology company developing biologics intended to enhance regulatory T cell (Treg) function, announces that the Alzheimer's Drug Discovery Foundation ("ADDF") has purchased 603,136 shares of the Company's common stock at a purchase price of $8.29 per share for an aggregate investment of $5 million. The ADDF's mission is to rapidly accelerate the development of drugs to prevent, treat, and cure Alzheimer's disease (AD) and related dementias, including FTD. Coya's lead therapeutic candidate, COYA 302, is being evaluated in multiple neurodegenerative diseases, including FTD, and the Company intends for this equity investment to help fund the development of COYA 302 in a planned Phase 2 trial in FTD. "I Show less Read more
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