BUZZ-Alto Neuroscience rises after plans to accelerate depression drug development

Reuters

2025/10/20

BUZZ-<a href="https://laohu8.com/S/ANRO">Alto Neuroscience</a> rises after plans to accelerate depression drug development

** Shares of drug developer Alto Neuroscience ANRO.N rise 8.2% to $6.58 premarket

** Company says it plans to accelerate the development of its experimental drug, ALTO-207, for people with treatment resistant depression

** Treatment-resistant depression is a type of major depressive disorder where symptoms do not improve after trying at least two different antidepressant medications at adequate doses and for sufficient time

** The $50 million private placement announced earlier today supports expanded development of ALTO-207 - ANRO

** Company expects to begin late-stage study by early 2027

** As of last close, stock up 43.7% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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