Stock Alert: Cyclo Therapeutics Adds 20% Following Positive Data From Drug Candidate

Shares of Cyclo Therapeutics, Inc. (CYTH) are up more than 20% Tuesday morning after the company announced the presentation of positive data from the early stage studies of its lead drug candidate, Trappsol Cyclo in Niemann-Pick Disease Type C at the World Symposium 2021.

Niemann-Pick Disease Type C is a rare genetic disorder causing cholesterol accumulation in lysosomes of cells, organ dysfunction and premature death.

Data from the ongoing Phase 1 extension study showed improvement in disease features or disease stabilization with home-based intravenous infusions of Trappsol Cyclo.

The Interim analysis of Phase 1/2 study showed Trappsol Cyclo has favorable safety profile and encouraging signals in efficacy.

Phase 1/2 study is estimated to be completed in February 2021 with top line results expected in the first quarter of 2021.

The company plans to commence enrollment in pivotal Phase 3 study in the second quarter of 2021.

CYTH, currently at $13.50, has been trading in the range of $3.40- $30 in the last one year.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Intelligent Investor.
Editors Pick
Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ... Discount retailer Target Corp. is recalling about 23,400 units of Cloud Island 4-Piece Plush Toy Sets citing choking risk, the U.S. Consumer Product Safety Commission said. The recall involves toy vehicle sets, which are a soft, knitted construction and include a blue car, a yellow bus, a red tractor, and a green truck each with a rattle inside. Retailers Dollar General Corp. (DG) and Big Lots, Inc. (BIG) reported Thursday results for the third quarter, with profit at Dollar General increasing from last year, while Big Lots reported a sharply wider loss than last year. The bottom line at both the retailers missed analysts' estimates.
Follow RTT