Cognition Therapeutics, Inc., a clinical-stage biopharmaceutical company, engages in the discovery and development of small molecule therapeutics targeting age-related degenerative diseases and disorders of the central nervous system and retina. Its lead product candidate is CT1812, a sigma-2 receptor antagonist, which is in Phase II clinical trial for the treatment of mild-to-moderate Alzheimer's disease, as well as has completed Phase I clinical trial to treat early-stage Alzheimer's disease; in Phase II clinical trial for the treatment of dementia with Lewy bodies (DLB); and in preclinical trial to treat dry age-related macular degeneration (AMD). The company is also developing CT2168 for the treatment of synucleinopathies, which include DLB and Parkinson's disease; and CT2074 to treat dry AMD. Cognition Therapeutics, Inc. was incorporated in 2007 and is headquartered in Purchase, New York.
Cognition Therapeutics Reports Financial Results for the Second Quarter 2026 and Provides Business Update
Cognition Therapeutics reported a Q2 net loss of $3.9 million, or $0.04 per share, narrowing from a loss of $6.7 million in the prior year period as R&D expenses dropped to $5.1 million.
The company ended the quarter with $34.8 million in cash and estimates sufficient runway to fund operations into the fourth quarter of 2027, supported by $21.6 million in remaining NIH grant funds.
Operationally, management received clarity from the FDA on the design of a planned Phase 3 trial for zervimesine in DLB psychosis and secured a patent allowance extending protection through 2045.