Cognition Therapeutics reports positive FDA meeting on zervimesine's Phase 2 study and future registrational plans for DLB treatment.
Quiver AI Summary
Cognition Therapeutics, Inc. announced a successful meeting with the U.S. Food and Drug Administration (FDA) on May 20, 2026, to discuss the Phase 2 results of their drug zervimesine (CT1812) aimed at treating dementia with Lewy bodies (DLB) and its potential progression to a registrational study for DLB patients with psychosis. CEO Lisa Ricciardi expressed optimism about the path forward for zervimesine's development based on positive discussions regarding the study results and study design. Cognition, focused on developing treatments for neurodegenerative diseases, has received substantial funding for its research, which includes ongoing studies of zervimesine in Alzheimer's disease and other conditions. The company will review the FDA's formal feedback in June.
Potential Positives
- Positive meeting with the FDA indicates a potential path forward for the registrational development of zervimesine in treating dementia with Lewy bodies (DLB) psychosis.
- Encouraging results from the Phase 2 COG1201 'SHIMMER' Study provide strong support for advancing zervimesine into a late-stage clinical trial.
- Zervimesine has shown promise in treating neurodegenerative diseases and has been well tolerated in clinical studies to date, suggesting a favorable safety profile.
- Cognition Therapeutics has significant backing with nearly $200 million in grants, highlighting strong support for its research and development efforts.
Potential Negatives
- Despite the positive discussions regarding the path forward, the company acknowledges significant risks and uncertainties that could impede the success of its clinical trials and product candidates.
- The press release heavily relies on forward-looking statements, indicating a lack of certainty about future outcomes, which may undermine investor confidence.
- There is no guarantee of regulatory approval for zervimesine or that the positive signals observed in initial trials will be replicated in later phases, posing a risk to the company’s progress and financial stability.
FAQ
What was the purpose of the May 20, 2026, FDA meeting?
The meeting aimed to review Phase 2 study results of zervimesine and discuss a registrational study design for dementia with Lewy bodies.
What is zervimesine (CT1812)?
Zervimesine is an investigational oral therapy being developed to treat neurodegenerative disorders, including dementia with Lewy bodies and Alzheimer's disease.
How did the FDA respond during the meeting?
Cognition's CEO reported a productive discussion with the FDA, suggesting a possible path forward for zervimesine's development in treating DLB psychosis.
What is the significance of the SHIMMER study?
The SHIMMER study provided strong efficacy signals for zervimesine, supporting its advancement to late-stage clinical trials for DLB psychosis.
What challenges might Cognition Therapeutics face in its development plans?
Cognition Therapeutics may encounter competition, funding issues, and regulatory uncertainties that could affect its product development and clinical trials.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CGTX Insider Trading Activity
$CGTX insiders have traded $CGTX stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $CGTX stock by insiders over the last 6 months:
- JOHN BRENDAN DOYLE (Chief Financial Officer) purchased 10,000 shares for an estimated $11,299
- ANTHONY CAGGIANO (Chief Medical Officer) purchased 10,000 shares for an estimated $11,100
- LISA RICCIARDI (CEO & President) purchased 9,175 shares for an estimated $10,092
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CGTX Hedge Fund Activity
We have seen 30 institutional investors add shares of $CGTX stock to their portfolio, and 33 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 2,042,815 shares (-99.2%) from their portfolio in Q1 2026, for an estimated $1,551,517
- TANG CAPITAL MANAGEMENT LLC removed 1,200,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $1,620,000
- VANGUARD GROUP INC added 635,912 shares (+23.7%) to their portfolio in Q4 2025, for an estimated $858,481
- JANE STREET GROUP, LLC removed 244,121 shares (-39.7%) from their portfolio in Q1 2026, for an estimated $185,409
- CM MANAGEMENT, LLC added 200,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $270,000
- GSA CAPITAL PARTNERS LLP removed 184,514 shares (-94.0%) from their portfolio in Q4 2025, for an estimated $249,093
- OMERS ADMINISTRATION CORP removed 159,600 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $121,216
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CGTX Analyst Ratings
Wall Street analysts have issued reports on $CGTX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 12/04/2025
To track analyst ratings and price targets for $CGTX, check out Quiver Quantitative's $CGTX forecast page.
$CGTX Price Targets
Multiple analysts have issued price targets for $CGTX recently. We have seen 2 analysts offer price targets for $CGTX in the last 6 months, with a median target of $3.5.
Here are some recent targets:
- Daniil Gataulin from Chardan Capital set a target price of $4.0 on 03/27/2026
- Raghuram Selvaraju from HC Wainwright & Co. set a target price of $3.0 on 12/04/2025
Full Release
- Positive Discussion on Path Forward for Registrational Program -
PURCHASE, N.Y., May 21, 2026 (GLOBE NEWSWIRE) -- Cognition Therapeutics, Inc. , (the Company or Cognition) (NASDAQ: CGTX), a clinical-stage company developing product candidates that treat neurodegenerative disorders, (the “Company” or “Cognition”), conducted a planned meeting with the U.S. Food and Drug Administration (FDA) on May 20, 2026. The objective of this meeting was to review results from the Phase 2 study of zervimesine (CT1812) and discuss the design and endpoints of a registrational study in dementia with Lewy bodies (DLB) patients with psychosis.
Lisa Ricciardi , president and CEO of Cognition, stated, “Yesterday we held a productive meeting with the FDA. The agency and we discussed the results from our Phase 2 COG1201 ‘SHIMMER’ Study in DLB and our proposed plan to advance zervimesine into a registrational program. We believe we have a path forward for the development of zervimesine for the treatment of DLB psychosis. We look forward to reviewing the FDA’s formal minutes in June.”
About Cognition Therapeutics:
Cognition Therapeutics, Inc.
is a clinical-stage biopharmaceutical company dedicated to helping millions of families seeking effective treatments for devastating neurodegenerative diseases through the development of novel, accessible therapies. The company has led pioneering research into the underlying mechanisms of degenerative nerve disorders. Our scientific approach builds on well-established biological pathways and translates across indications in which toxic oligomers drive disease progression, offering potential in dementia with Lewy bodies (DLB), Alzheimer’s disease, geographic atrophy, Parkinson’s, among others. The company’s lead candidate, zervimesine (CT1812), is an investigational once-daily oral therapy that has demonstrated promise in Phase 2 clinical trials in DLB and mild-to-moderate Alzheimer’s disease. Backed by nearly $200 million in National Institutes of Health and related foundation grants, Cognition Therapeutics continues to advance clinical research in its efforts to bring forth solutions that meet patients where they are and reduce caregiver burden. Learn more at
cogrx.com
.
About Zervimesine (CT1812)
Zervimesine
(CT1812) is currently being studied in the Phase 2 START Study (
NCT05531656
) in patients with MCI and early Alzheimer’s disease. Phase 2 clinical studies have concluded in dementia with Lewy bodies (DLB), mild-to-moderate Alzheimer’s disease, and geographic atrophy secondary to dry AMD. Based in part on the strong efficacy signals observed in the Phase 2 SHIMMER study in DLB (
NCT05225415
), the company plans to advance zervimesine into a late-stage clinical trial for people with DLB psychosis. Zervimesine has been generally well tolerated in clinical studies to date.
The USAN Council has adopted zervimesine as the United States Adopted Name (USAN) for CT1812.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. All statements contained in this press release or made during the conference, other than statements of historical facts or statements that relate to present facts or current conditions, including but not limited to, statements regarding our cash runway, our product candidates, including zervimesine (CT1812), and any expected or implied benefits or results, including that initial clinical results observed with respect to zervimesine will be replicated in later trials and our clinical development plans, including statements regarding our clinical studies of zervimesine, any analyses of the results therefrom, as well as statements regarding our regulatory plans, are forward-looking statements. These statements, including statements relating to the timing and expected results of our clinical trials involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “should,” “expect,” “plan,” “aim,” “seek,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “forecast,” “potential” or “continue” or the negative of these terms or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond our control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: competition; our ability to secure new (and retain existing) grant funding; our ability to grow and manage growth, maintain relationships with suppliers and retain our management and key employees; our ability to successfully advance our current and future product candidates through development activities, preclinical studies and clinical trials and costs related thereto; uncertainties inherent in the results of preliminary data, pre-clinical studies and earlier-stage clinical trials being predictive of the results of early or later-stage clinical trials; the timing, scope and likelihood of regulatory filings and approvals, including regulatory approval of our product candidates; changes in applicable laws or regulations; the possibility that we may be adversely affected by other economic, business or competitive factors, including ongoing economic uncertainty; our estimates of expenses and profitability; the evolution of the markets in which we compete; our ability to implement our strategic initiatives and continue to innovate our existing products; our ability to defend our intellectual property; the impacts of ongoing global and regional conflicts on our business, supply chain and labor force; our ability to maintain the listing of our common stock on the Nasdaq Capital Market; and the risks and uncertainties described more fully in the “Risk Factors” section of our annual and quarterly reports filed with the Securities & Exchange Commission and are available at
www.sec.gov
. These risks are not exhaustive and we face both known and unknown risks. You should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. Moreover, we operate in a dynamic industry and economy. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties that we may face. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
|
Contact Information:
Cognition Therapeutics, Inc. [email protected] |
Mike Moyer (investors)
LifeSci Advisors [email protected] |
This press release was published by a CLEAR® Verified individual.