Home Trending Stocks Why India Globalization Capital, Inc. (IGC) stock is Going high today?

Why India Globalization Capital, Inc. (IGC) stock is Going high today?

Shares of India Globalization Capital, Inc. (IGC) stock continued to rise today on June 8, 2021, after rising as much as 21.58% at the previous closing. IGC stock price saw an uptrend of 7.69% to reach $1.82 a share as of this writing. IGC stock recently announced the completion of Cohort 2 of its  Phase 1tetrahydrocannabinol-based clinical trial of IGC-AD1on patients with Alzheimer’s disease. Let’s deep dive to explore more of it.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Cohort 1 and 2 of Phase 1 Clinical Trial

Previously On May 14, IGC stock did announce the completion of Cohort 1 of phase 1 clinical trial of the same drug pursuant to which each participant of the trial was given one dose per day. In Cohort 2, two doses per day were given to each participant of the trial. After reviewing the data from Cohort 1 and Cohort 2, the data and safety monitoring committee has recommended Cohort three in which three doses per day would be given to the participants. Every participant is daily monitored for safety as well as certain behavioral changes. The phase 1 clinical trial is expected to be complete during the period between July and September 2021. Last year,  IGC stock submitted the IGC-AD1 to the FDA and got the approval for conducting the trial on July 30, 2020.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

Impact of Alzheimer Disease and role of IGC-AD1

According to the estimates by the world health organization (WHO), roughly 50 million individuals would be impacted by Alzheimer’s diseases by the end of 2030. IGC-AD1 is mainly intended to reduce the symptoms which individuals suffering from Alzheimer’s disease usually show. The severe condition causes loss of memory and dementia in Alzheimer’s patients. The current trial of IGC-AD1 is focused on the safety of the drug and if IGC stock gets better results from the first trial and appropriate FDA approvals, then it would further proceed the clinical study in order to evaluate the efficacy of the drug in the future.

Conclusion

So far so good for IGC stock as far as market sentiment is concerned. Even in the COVID-19 era, the India Globalization stock remained focused on Alzheimer’s disease and continuously put efforts to reach this stage. Now IGC stock is looking forward to proceeding with Cohort 3  to further evaluate the safety of the drug. In a nutshell, investors need to keep an eye on this penny stock.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam