Prana moves ahead
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The company is involved in research for Parkinson's, cataracts, mad cow and motor neuron diseases but the most advanced and promising breakthrough has been in Alzeihmer's.
Prana has entered Phase II human trials for PBT-1 a compound believed to dissolve plaques on brain tissue of Alzheimer's sufferers. Alzheimer's affects 12.5% of people over the age of 65 and 50% of people over the age of 85 and Prana is looking to develop therapeutic drugs to treat the central disease pathways that cause degeneration of the brain as we age.
The company has $8m in cash and spends $2m a year on R&D. While cash won't be a problem for a while we still think subscribers should HOLD. There are plenty of risks yet.
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