Shares of CytRx were boosted after the company announced new data suggesting that its lead stroke therapy improved sensory and motor functions in animals. The preclinical study injected rats induced to have a stroke with the drug arimoclomol. Researchers found that even 48 hours after a stroke, the animals still responded positively to the therapy. CytRx now plans to launch a clinical trial to study the effects of the drug on humans. Arimoclomol is now in mid-stage trials for Lou Gehrig's disease.
- see the press release on the data
- here's the AP report
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