Alzheimer's Treatment Shows Promise, Sends AC Immune Soaring

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Investing.com —  AC Immune Ltd (NASDAQ:ACIU) jumped 48% on Thursday after announcing positive developments for its Alzheimer’s treatment.

The small biopharmaceutical company has a single buy rating, according to data compiled by Investing.com. Shares retreated in afternoon trading, up 25%, to $9.

The company has begun the second highest dosing group in the Company’s Phase 1b/2a clinical trial evaluating ACI-35.030 for the treatment of Alzheimer’s disease. The decision to advance to the higher dosing group follows encouraging interim safety, tolerability and immunogenicity results from the initial dosing group. ACI-35.030, which is being developed in collaboration with Janssen Pharmaceuticals.

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