AGN as National Inflation Association's #1 stock National Inflation Association announced Algernon Pharmaceuticals ($AGN.c $AGNPF) as its #1 favorite biotechnology stock suggestion!
NIA highlighted that AGN's largest shareholder is Alpha North Asset Management who increased its stake in AGN to 13% earlier this week and that AGN is preparing to launch a Phase I study of DMT for the treatment of stroke.
Alpha North increased its stake following the recent share price weakness as it provided a great opportunity to increase its position with CEO Steve Palmer stating "Our increased investment confirms our support for the drug pipeline they are developing as well as our strong belief in management"
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