To: CPAMarty who wrote (95 ) 3/3/1999 5:10:00 PM From: BRAVEHEART Respond to of 423
NTII UPDATE: Positive Memantine Trial Results in Dementia & Alzheimer's Published In International Journal of Geriatric Psychiatry Phase III Trial Sponsored by Merz + Co. GmbH & Co. of Frankfurt, Germany, Corporate Collaborator of NTI(R) "RICHMOND, Calif., March 3 /PRNewswire/ -- Neurobiological Technologies, Inc. (OTC Bulletin Board: NTII - news) today announced positive results in a Phase III human clinical trial of Memantine in Europe sponsored by its corporate collaborator Merz + Co. GmbH & Co. of Frankfurt, Germany (Merz). In this trial, severely demented subjects treated with Memantine had statistically significant improvement compared to placebo in internationally accepted measures of functional independence, including bathing, dressing and self-care. The data are presented in the current issue of the peer-review International Journal of Geriatric Psychiatry, a publication of John Wiley & Sons." ''We are pleased by the publication of these Phase III Alzheimer's results,'' said Paul E. Freiman, president and chief executive officer of NTI®, ''indicating Memantine's promise in treating dementia. Merz and NTI® are collaborating to further the clinical development of Memantine, an oral drug with a history of safe clinical use in Germany. In addition to Merz's Alzheimer's program, this clinical development effort includes The company's Phase IIB trial of Memantine for painful diabetic neuropathy, as well as a Phase II trial of Memantine for the treatment of AIDS dementia conducted by the AIDS Clinical Trials Group of the NIH.''biz.yahoo.com In my opinion things should begin to fall into place in the near future. PS: Hi Marty, I will check out my charts to give you my opinion on recent price/volume relationships. BEST WISHES Jeffrey