Why Are Hoth Therapeutics Shares Moving Today?

• Hoth Therapeutics Inc (NASDAQ: HOTH) announced proof-of-concept data generated using cognitive and behavioral assessments in an Alzheimer's disease mouse model.

• The data support the therapeutic cognitive potential of HT-ALZ after chronic oral dosing of 20mg/kg and 40mg/kg of HT-ALZ.

• HT-ALZ is therapeutic in development under the 505(b)(2) regulatory pathway for dementia related to Alzheimer's.

• Hoth reports that the longer treatment before the beginning of testing improves the performance of more mice in the water maze and appears to affect anxiety-like behavior in the elevated plus maze positively.

• The groups of mice treated with the higher doses, 20mg/kg and 40mg/kg of HT-ALZ, appear to have the most benefit, with the 20mg group already showing significant improvement in spatial memory in the water maze.

• The elevated plus maze test is one of the most widely used tests for measuring anxiety-like behavior.

• Previously Hoth reported study results focused on investigating the effect of orally administered HT-ALZ to reduce the concentration of Aβ in the brain interstitial fluid.

• The initial data showed a significant decrease in Aβ in male and female mice after acute treatment with HT-ALZ, compared to placebo-treated animals and baseline Aβ levels.

• HOTH stock was up by 16% at one point during the premarket session.

• Price Action: HOTH shares are down 6.28% at $4.03 on the last check Wednesday.

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