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EIP And Diffusion Combine To Form CNS Firm With Dementia Focus

Neflamapimod At Heart Of All-Stock Merger

 
• By Ayisha Sharma

The US biotechs are joining forces to form a new, listed company with sufficient cash to advance EIP’s potentially disease-modifying drug candidate through Phase II development in dementia with Lewy bodies, which presents a high unmet need.  

White jigsaw puzzle of the brain with one missing piece out on the side, orange background
More Than One Million People In The US Have Dementia With Lewy Bodies • Source: Shutterstock

Private biotech EIP Pharma, Inc. and publicly traded Diffusion Pharmaceuticals, Inc. are entering an all-stock merger to create a new firm focused on CNS therapeutics with an eye to bringing the first disease-modifying drug for dementia with Lewy bodies (DLB) to the market.

The new company – to be called CervoMed – will continue to trade on the NASDAQ and focus on the advancement of EIP’s pipeline of oral stress kinase inhibitors, including its lead drug candidate neflamapimod for the treatment of DLB

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