Thursday, December 31, 2015 10:20:13 PM
I don't think Cortex ever revealed the type of tissue where the cellular phenomenon was seen, which adds another layer of uncertainty. And now there is a cellular problem seen in the animal tests of CX-1739, necrosis of cardiac tissue. Even if Cortex's experts conclude that the CX-1739 tissue phenomenon is not a problem, the uncertainty, combined with the previous CX-717 experience, will likely scare away prospective pharma partners from the entire platform. As we know, Ampakines also got a bad rap from the earlier experiences of Lilly and others, and while theirs were high impact compounds, the low impact platform of Cortex is now also tainted, not once but twice.
But such is life in the world of biotech. The amazing respiratory activity of Ampakines will keep Cortex worth following, but luckily there are many other interesting bio stocks to follow.
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