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flag CervoMed's dementia drug trial fails, causing stock to plummet despite good safety profile.

flag CervoMed's drug candidate, neflamapimod, failed to meet its goals in a mid-stage trial for dementia with Lewy bodies, leading to a significant drop in the company's stock. flag Despite the drug showing good safety, it did not reduce dementia severity or meet secondary goals. flag The company will investigate why the drug levels were lower than expected, and full data from the trial is expected in January 2025.

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