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Why Shares of Athira Pharma Are Climbing Today

TheMotleyFool

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Why Shares of Athira Pharma Are Climbing TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of biopharmaceutical company Athira Pharma (NASDAQ: ATHA) are up close to 13% as of 11:19 a.m. EDT on Friday after the company announced it had finished enrolling participants in its ACT-AD clinical trial for ATH-1017, a therapy for mild to moderate Alzheimer's disease.

Image source: Getty Images.

Earlier phase 1 trials showed ATH-1017 posed no significant safety risks at any of the doses evaluated. There were also strong data with respect to brain activity and a statistically significant improvement in Event-Related Potential (ERP) P300, which measures executive function and the processing speed of working memory.

Source Fool.com

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