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In Tuesday’s pre-market trading, ANEW Medical, Inc. WENA saw its shares surge nearly 80% following an announcement about the advancement of its patented Klotho gene therapy program for neurodegenerative disorders. What Happened: ANEW, a biopharmaceutical company that specializes in developing innovative therapies for neurological and age-related disorders, was trading at $2.
460 at the time of writing, up from Monday’s close at $1.450, according to Benzinga Pro data. ANEW’s preliminary data indicates that maintaining high Klotho levels in the body could result in longer, healthier lives.
Conversely, individuals with lower Klotho levels are more susceptible to neurodegenerative disorders such as ALS, Alzheimer's, and Parkinson's Disease. ANEW also intends to explore other age-related disorders associated with reduced Klotho levels. See Also: The Indian Medical Association Recognizes iLearningEngines And Oculis Services’ Innovative, AI-Driven First Responder Program ANEW’s development plans encompass FDA Clinical Trials, Klotho Diagnostics, and Age-Related Disorders.
Dr. Shalom Hirshman, M.D.
, Chief Medical Advisor and Board member, expressed that ANEW is well-positioned to significantly impact the treatment of ALS, Alzheimer's, and other neurodegenerative disorders. Why It Matters: ANEW’s advancements come amid a broader industry focus on neurodegenerative disorders. A recent study highlighted the complexities of Alzheimer’s disease .
In June.