Cognition Therapeutics reports FY22 EPS (91c), consensus (92c)

"We believe the momentum we built in 2022 positions us for further success with our clinical and operational agenda in 2023," said Lisa Ricciardi, President and CEO of Cognition Therapeutics. "In the fourth quarter of 2022, we saw improvement in all key aspects of our business. On the capital front, we raised $6 million in a follow-on public offering, established an ATM program and, in the first quarter of 2023, secured up to an additional $35 million equity financing commitment from Lincoln Park Capital. In the clinic, we expanded our mild-to-moderate Alzheimer’s disease 144-patient SHINE study to include sites in Europe and began dosing patients. During the same period, as part of our mission to educate stakeholders on our programs and promote disease awareness, we launched a podcast series that features conversations with CNS experts and thought leaders to discuss key developments in the neurodegenerative disease space."