CervoMed (CRVO)
Market Price (6/21/2026): $3.95 | Market Cap: $36.6 MilSector: Health Care | Industry: Biotechnology
CervoMed (CRVO)
Market Price (6/21/2026): $3.95Market Cap: $36.6 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33% Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. | Weak multi-year price returns2Y Excs Rtn is -117%, 3Y Excs Rtn is -116% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -31 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -81% High stock price volatilityVol 12M is 113% Key risksCRVO key risks include [1] its singular reliance on the clinical and regulatory success of its lead drug candidate, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33% |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -117%, 3Y Excs Rtn is -116% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -31 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -81% |
| High stock price volatilityVol 12M is 113% |
| Key risksCRVO key risks include [1] its singular reliance on the clinical and regulatory success of its lead drug candidate, Show more. |
Qualitative Assessment
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CervoMed (CRVO) stock has gained about 5% since 2/28/2026 because of the following key factors:
1. Positive clinical trial data for neflamapimod and extended patent protection for Dementia with Lewy Bodies (DLB) treatment.
CervoMed announced new MRI analyses at the 2026 AAN Annual Meeting in April 2026, demonstrating that its lead drug candidate, neflamapimod, increased right basal forebrain volume and functional connectivity in patients with DLB. This positive clinical data was complemented by news on June 18, 2026, of a new U.S. patent protecting the use of neflamapimod for treating "pure DLB" patients until 2042. This patent news caused the stock to surge by as much as 95% intraday.
2. Successful capital raise significantly extended CervoMed's cash runway, alleviating near-term financing concerns.
Following the reporting of its fiscal Q1 2026 results (for the quarter ended March 31, 2026) which indicated cash reserves sufficient only into fiscal Q3 2026, CervoMed announced a private placement in June 2026 that raised approximately $10.5 million. This financing is crucial as it extends the company's cash runway into fiscal Q2 2027, providing the necessary capital to advance neflamapimod into its pivotal Phase 3 trial for DLB and mitigating immediate financial risks.
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CervoMed (CRVO) stock has gained about 5% since 2/28/2026 because of the following key factors:
1. Positive clinical trial data for neflamapimod and extended patent protection for Dementia with Lewy Bodies (DLB) treatment.
CervoMed announced new MRI analyses at the 2026 AAN Annual Meeting in April 2026, demonstrating that its lead drug candidate, neflamapimod, increased right basal forebrain volume and functional connectivity in patients with DLB. This positive clinical data was complemented by news on June 18, 2026, of a new U.S. patent protecting the use of neflamapimod for treating "pure DLB" patients until 2042. This patent news caused the stock to surge by as much as 95% intraday.
2. Successful capital raise significantly extended CervoMed's cash runway, alleviating near-term financing concerns.
Following the reporting of its fiscal Q1 2026 results (for the quarter ended March 31, 2026) which indicated cash reserves sufficient only into fiscal Q3 2026, CervoMed announced a private placement in June 2026 that raised approximately $10.5 million. This financing is crucial as it extends the company's cash runway into fiscal Q2 2027, providing the necessary capital to advance neflamapimod into its pivotal Phase 3 trial for DLB and mitigating immediate financial risks.
3. Bullish analyst coverage maintained "Buy" or "Strong Buy" ratings with high price targets.
Throughout the period, Wall Street analysts consistently issued positive ratings for CervoMed. For instance, D. Boral Capital maintained a "Buy" rating with a $31 price target on March 19, 2026, and HC Wainwright & Co. reiterated a "Buy" rating with a $25 price target on April 23, 2026. The median price target from analysts was $20.50, suggesting a significant potential upside of 726.6% from the stock's trading price of $2.48 at the time, indicating strong confidence in the company's long-term prospects.
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Stock Movement Drivers
Fundamental Drivers
The 6.3% change in CRVO stock from 2/28/2026 to 6/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.99 | 4.24 | 6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 9 | 9 | -0.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 6/20/2026| Return | Correlation | |
|---|---|---|
| CRVO | 6.3% | |
| Market (SPY) | 9.2% | 21.7% |
| Sector (XLV) | -6.4% | 15.8% |
Fundamental Drivers
The -57.3% change in CRVO stock from 11/30/2025 to 6/20/2026 was primarily driven by a -0.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.94 | 4.24 | -57.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 9 | 9 | -0.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 6/20/2026| Return | Correlation | |
|---|---|---|
| CRVO | -57.3% | |
| Market (SPY) | 9.9% | 21.4% |
| Sector (XLV) | -4.4% | 11.2% |
Fundamental Drivers
The -41.3% change in CRVO stock from 5/31/2025 to 6/20/2026 was primarily driven by a -6.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.22 | 4.24 | -41.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 9 | 9 | -6.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2025 to 6/20/2026| Return | Correlation | |
|---|---|---|
| CRVO | -41.3% | |
| Market (SPY) | 28.1% | 17.0% |
| Sector (XLV) | 14.6% | 14.1% |
Fundamental Drivers
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Market Drivers
5/31/2023 to 6/20/2026| Return | Correlation | |
|---|---|---|
| CRVO | ||
| Market (SPY) | 85.7% | 11.9% |
| Sector (XLV) | 22.9% | 6.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CRVO Return | - | - | 1% | -69% | 238% | -52% | -50% |
| Peers Return | 36% | -19% | 28% | -19% | 25% | -4% | 36% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| CRVO Win Rate | - | - | 40% | 42% | 33% | 17% | |
| Peers Win Rate | 45% | 47% | 45% | 40% | 52% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CRVO Max Drawdown | - | - | - | -93% | -61% | -72% | |
| Peers Max Drawdown | -44% | -46% | -42% | -55% | -48% | -35% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LLY, BIIB, ACAD, AVXL, CGTX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | CRVO | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -29.5% | -7.8% |
| % Gain to Breakeven | 41.9% | 8.5% |
| Time to Breakeven | 12 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -43.6% | -9.5% |
| % Gain to Breakeven | 77.3% | 10.5% |
| Time to Breakeven | 21 days | 24 days |
In The Past
CervoMed's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.
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| Event | CRVO | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -29.5% | -7.8% |
| % Gain to Breakeven | 41.9% | 8.5% |
| Time to Breakeven | 12 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -43.6% | -9.5% |
| % Gain to Breakeven | 77.3% | 10.5% |
| Time to Breakeven | 21 days | 24 days |
In The Past
CervoMed's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About CervoMed (CRVO)
CervoMed Inc. (CRVO) is a clinical-stage biotechnology company dedicated to the development and commercialization of new drug treatments for neurodegenerative diseases. Based in Boston, Massachusetts, the company aims to address significant unmet medical needs for patients suffering from conditions that progressively affect brain function and structure.
The company's core product is neflamapimod, an orally administered small molecule that is engineered to penetrate the brain. Neflamapimod is currently in its development phase, being investigated as a potential therapeutic agent for several severe neurological conditions.
CervoMed's primary focus with neflamapimod is on treating Dementia with Lewy Bodies (DLB), Alzheimer's disease, and aiding in brain stroke recovery. These target markets consist of patients experiencing cognitive decline, memory loss, and neurological damage, representing a significant population in critical need of effective treatments.
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Here are 1-3 brief analogies for CervoMed (CRVO):
- A small, clinical-stage Eli Lilly for neurodegenerative diseases.
- Like an early-stage Biogen, developing new drug treatments for brain disorders.
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- Neflamapimod: An orally administered small molecule brain penetrant currently in development for the treatment of neurodegenerative diseases, including dementia with Lewy bodies (DLB), Alzheimer's disease, and for brain stroke recovery.
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CervoMed Inc. (CRVO) is a clinical-stage biotechnology company focused on the development of drug treatments. As such, it is currently engaged in research, development, and clinical trials for its lead drug candidate, neflamapimod.
At this stage, CervoMed does not have major customers in the traditional sense, as its drug treatments are not yet approved for commercial sale or distribution. Its primary activities revolve around advancing its drug through clinical development towards potential regulatory approval. Therefore, it does not sell products to other companies or directly to individuals.
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John Alam, MD Chief Executive Officer
John Alam co-founded CervoMed (formerly known as EIP Pharma) in 2014 and was appointed CEO in August 2023. He brings over 30 years of experience in translational medicine. Prior to CervoMed, he served as the therapeutic area head for diseases of aging at Sanofi until May 2014, where he led discovery and development activities for Alzheimer's and other age-related diseases. From 1997 to 2008, Dr. Alam held various roles at Vertex Pharmaceuticals, including Chief Medical Officer and Executive Vice President, Medicines Development, where he was involved in developing medicines for HIV, Hepatitis C, and Cystic Fibrosis. Earlier, from 1991 to 1997, he led clinical development of Avonex for multiple sclerosis at Biogen.
William (Bill) Elder Chief Financial Officer, General Counsel and Corporate Secretary
William Elder was appointed Chief Financial Officer of CervoMed, effective June 1, 2024, and continues to serve as General Counsel and Corporate Secretary, a role he assumed in August 2023. Before joining CervoMed, he served as General Counsel for Diffusion Pharmaceuticals from September 2020 to August 2023 and also as its Principal Financial Officer from June 2023 to August 2023. Mr. Elder previously spent eight years as an associate at Dechert LLP, where he advised clients on corporate and securities matters, including acting as outside counsel to Diffusion during its reverse merger in 2016.
Matthew Winton, PhD Chief Commercial and Business Officer
Matthew Winton was appointed Chief Commercial and Business Officer in October 2025, bringing nearly two decades of biotechnology industry experience to CervoMed. Prior to this role, Dr. Winton served as Chief Operating Officer at Inozyme Pharma, which was subsequently acquired by BioMarin Pharmaceuticals. He also spent nearly ten years at Biogen, holding senior leadership positions such as Senior Vice President and Head of the U.S. Multiple Sclerosis Franchise, and Vice President and Head of the U.S. Spinal Muscular Atrophy Franchise, where he managed multi-billion-dollar neurology portfolios and oversaw the launch of SPINRAZA.
Mark De Rosch, PhD, FRAPS Executive Vice President, Regulatory and Government Affairs and Program Management
Mark De Rosch joined CervoMed Inc. in November 2024 as Senior Vice President, Regulatory and Government Affairs, and Program Management, and was promoted to Executive Vice President in May 2025. He is an experienced executive in the pharma/biotech sector with over 30 years of experience, specializing in organizations transitioning from early- to late-stage development and into commercialization. Before CervoMed, he consulted on drug development and global regulatory strategies starting in May 2023. Dr. De Rosch has a track record of successfully building out regulatory, quality, and chemistry, manufacturing, and controls (CMC) functions at various biotech organizations to support Phase 3 and commercialization readiness.
Marco Verwijs, PhD Executive Vice President, Technical Operations
Marco Verwijs serves as the Executive Vice President of Technical Operations at CervoMed, with over 19 years of experience in product development and manufacturing. His background includes working on multiple commercial products, guiding them from clinical product development through NDA filing and commercial launch. Before joining CervoMed, he was the Chief Technical Officer at Adipo Therapeutics, where he was responsible for the development and manufacturing of a novel parenteral controlled-release nanoparticle drug for weight loss.
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Key Risks to CervoMed (CRVO)
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Clinical Trial and Regulatory Failure
CervoMed is a clinical-stage biotechnology company heavily dependent on the successful development and regulatory approval of its lead product candidate, neflamapimod. The drug is currently in the planning stages for a Phase 3 trial, and there is an inherent high risk of failure in all stages of clinical development. Positive results in earlier phases do not guarantee success in later, larger and more expensive trials. A previous issue with "old capsules" leading to sub-therapeutic drug concentrations in an initial Phase 2b trial highlights the potential for unexpected hurdles in drug development and manufacturing. Furthermore, the company plans a single pivotal Phase 3 trial, which concentrates the regulatory risk on this one study. The likelihood and timing of any regulatory approval for neflamapimod are uncertain and depend entirely on future clinical trial outcomes and feedback from regulatory authorities like the FDA.
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Significant Financial Burn and Dependency on Further Capital
As a clinical-stage company with limited or no product revenue, CervoMed has incurred significant and continuous net losses since its inception, relying heavily on capital markets and other financing to fund its extensive research and development (R&D) and operational costs. The company's cash position and runway are critical; as of September 2025, CervoMed had approximately 13 months of cash runway based on its burn rate. CervoMed will require substantial additional capital to complete the development and potential commercialization of neflamapimod. The company faces challenges in securing future financing due to regulatory limitations, specifically its public float being below the $75 million threshold, which restricts its ability to conduct primary offerings under a Form S-3 registration statement to only one-third of its public float within any 12-month period. An increasing cash burn rate combined with limited revenue raises serious concerns about its long-term sustainability and could lead to significant shareholder dilution if new shares are issued.
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Intense Competition and Market Commercialization Challenges
CervoMed operates in a highly competitive landscape for neurological disorders, facing both established pharmaceutical companies and emerging biotechnology firms developing treatments for similar conditions like dementia with Lewy bodies (DLB) and Alzheimer's disease. This intense competition could significantly hinder CervoMed's ability to effectively penetrate the market, establish pricing, and achieve commercial success for neflamapimod, even if it gains regulatory approval. Beyond clinical efficacy, the company will also face challenges related to marketing and commercialization, including pricing pressures and ensuring market access for its therapy.
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The recent FDA approval of **lecanemab (Leqembi)** from Eisai and Biogen, and the advanced clinical development and potential future approval of **donanemab** from Eli Lilly, represent clear emerging threats for CervoMed. These drugs are approved or in late-stage development for Alzheimer's disease, a condition CervoMed explicitly lists as a target for its drug neflamapimod. While neflamapimod has a different mechanism of action and its primary focus is Dementia with Lewy Bodies (DLB), the success and market entry of these amyloid-targeting therapies establish a significant competitive landscape and set a new benchmark for efficacy in treating cognitive decline in a related neurodegenerative disease. Their success could influence treatment paradigms, regulatory expectations, and market dynamics for all drugs targeting major dementias, including those developed by CervoMed.
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CervoMed Inc. (CRVO) is developing neflamapimod for the treatment of Dementia with Lewy Bodies (DLB), Alzheimer's disease, and brain stroke recovery. The addressable markets for these indications are substantial.
Dementia with Lewy Bodies (DLB)
The global market for Lewy Body Dementia treatment was valued at approximately USD 5.972 billion in 2024 and is projected to reach around USD 13.208 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 9.22% from 2025 to 2033. Another estimate places the global market size at USD 6.12 billion in 2024, expanding to USD 11.60 billion by 2032 with an 8.30% CAGR. North America was the largest regional market for Lewy Body Dementia treatment in 2023 and 2025. The United States alone has an estimated more than 1.4 million people suffering from LBD. One analyst projects probability-adjusted peak sales for neflamapimod in DLB of approximately USD 1 billion by 2038.
Alzheimer's Disease
The global Alzheimer's therapeutics market size was estimated at USD 4.08 billion in 2025 and is projected to reach USD 6.38 billion by 2034, with a CAGR of 5.10% from 2026 to 2034. Other estimates indicate the global Alzheimer's therapeutics market size was approximately USD 6.49 billion in 2025 and is predicted to increase to about USD 33.62 billion by 2034, at a CAGR of 20.06% from 2025 to 2034. North America dominated the Alzheimer's therapeutics market, holding 51.55% of the market share in 2025. The United States accounted for approximately 54% of the total Alzheimer's disease market size in the 7MM (7 major markets) in 2023.
Brain Stroke Recovery
The global stroke rehabilitation market size, which addresses brain stroke recovery, was valued at USD 285 million in 2024 and is projected to reach approximately USD 817.06 million by 2034, exhibiting a CAGR of 11.24% from 2025 to 2034. Another analysis estimates the global market for stroke rehabilitation to be US$ 328.3 million in 2025, growing to US$ 594.9 million in 2032 with a CAGR of 8.9%. North America held the largest share of the stroke rehabilitation market in 2024, with the U.S. accounting for 92.3% of the North American market in the same year.
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CervoMed Inc. (CRVO), a clinical-stage biotechnology company, has several anticipated drivers of future revenue growth over the next two to three years, primarily centered on the advancement and potential commercialization of its lead drug candidate, neflamapimod.
Here are 3-5 expected drivers of future revenue growth:
- Advancement of Neflamapimod into and through Phase 3 Clinical Trials for Dementia with Lewy Bodies (DLB): CervoMed has reported positive results from its Phase 2b RewinD-LB trial for neflamapimod in patients with DLB. The company plans to initiate a global, pivotal Phase 3 trial in the second half of 2026, subject to sufficient funding. Successful progression through Phase 3 is a critical step towards regulatory approval and eventual market entry, which would be the primary long-term revenue driver.
- Regulatory Progress and Preparations for Commercialization of Neflamapimod in DLB: While direct product sales are likely beyond the immediate 2-3 year timeframe, significant regulatory milestones and commercialization preparations are key drivers of future value. CervoMed has received feedback from the U.S. Food and Drug Administration (FDA) aligning on key aspects of the Phase 3 trial design to support a potential New Drug Application (NDA) submission. The company has also made strategic hires, such as an Executive Vice President, Technical Operations, to oversee Chemistry, Manufacturing, and Controls (CMC) and prepare for commercial batches, signaling readiness for potential market launch.
- Expansion of Neflamapimod into New Neurodegenerative Indications: CervoMed is actively developing neflamapimod for additional indications beyond DLB. The company is advancing clinical programs for non-fluent variant primary progressive aphasia (nfvPPA) and recovery after ischemic stroke (RAS). Phase 2a data readouts for nfvPPA are anticipated in mid-2026, and for RAS in the second half of 2026. Positive data from these trials could open up new, attractive commercial markets for neflamapimod, diversifying potential revenue streams in the future.
- Strategic Partnerships and Collaboration Agreements: As a clinical-stage biotechnology company, CervoMed's future revenue growth may also be driven by strategic partnerships and collaboration agreements. The company's advanced development pipeline, particularly neflamapimod, targeting areas of high unmet medical need, could create opportunities for regional or global partnerships. Such agreements often include upfront payments, milestone payments upon achieving certain development or regulatory benchmarks, and potential royalty streams from future sales, providing non-dilutive funding and shared commercialization efforts.
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Share Repurchases
- CervoMed has not engaged in share repurchases over the last 3-5 years; instead, the company has shown a negative 3-Year Share Buyback Ratio of -85.70% as of September 2025, indicating share issuance.
Share Issuance
- In April 2024, CervoMed completed a private placement, raising gross proceeds of approximately $149.4 million through the sale of 2,532,285 units, each comprising shares (or pre-funded warrants) and Series A Warrants.
- The company's outstanding common stock was approximately 6,170,479 shares as of March 26, 2024, increasing to 9,258,719 shares as of March 11, 2026.
Inbound Investments
- CervoMed was awarded a $21.0 million grant from the National Institute on Aging in January 2023 to support its RewinD-LB trial, with an additional $0.3 million awarded under the same grant in August 2024.
- The private placement completed in April 2024, raising approximately $149.4 million, significantly strengthened the company's balance sheet and supports ongoing research and development initiatives.
Capital Expenditures
- CervoMed reported capital expenditures of $5.0 million for the trailing twelve months as of February 2026.
- As of September 30, 2025, the company's cash and marketable securities were anticipated to fund planned operating expenses and capital expenditure requirements into the third quarter of 2026.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.93 |
| Mkt Cap | 2.0 |
| Rev LTM | 548 |
| Op Inc LTM | 30 |
| FCF LTM | 49 |
| FCF 3Y Avg | 29 |
| CFO LTM | 52 |
| CFO 3Y Avg | 47 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.9% |
| Rev Chg 3Y Avg | 29.6% |
| Rev Chg Q | 9.7% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 9.0% |
| Op Inc Chg 3Y Avg | 2.5% |
| Op Mgn LTM | 23.2% |
| Op Mgn 3Y Avg | 22.2% |
| QoQ Delta Op Mgn LTM | -1.8% |
| CFO/Rev LTM | 26.1% |
| CFO/Rev 3Y Avg | 19.2% |
| FCF/Rev LTM | 14.4% |
| FCF/Rev 3Y Avg | 7.8% |
Segment Financials
Revenue by Segment| $ Mil | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|
| ProElit | 0 | 0 | ||
| Events | 1 | 0 | ||
| Total | 0 | 0 | 1 | 0 |
| $ Mil | 2025 |
|---|---|
| Development of clinical and nonclinical product candidates for treatments for age-related neurologic | -27 |
| Total | -27 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Development of clinical and nonclinical product candidates for treatments for age-related neurologic | 43 | 10 | 23 | 38 | 28 |
| Total | 43 | 10 | 23 | 38 | 28 |
Price Behavior
| Market Price | $4.24 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/17/2023 | |
| Distance from 52W High | -60.3% | |
| 50 Days | 200 Days | |
| DMA Price | $3.48 | $6.02 |
| DMA Trend | down | down |
| Distance from DMA | 21.7% | -29.5% |
| 3M | 1YR | |
| Volatility | 188.8% | 113.7% |
| Downside Capture | 287.97 | 217.86 |
| Upside Capture | 171.72 | 101.77 |
| Correlation (SPY) | 20.5% | 16.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 5.31 | 3.57 | 2.59 | 2.27 | 1.49 | -0.35 |
| Up Beta | 7.88 | 3.50 | 3.38 | 3.73 | 2.27 | -0.31 |
| Down Beta | 3.82 | 3.06 | 0.86 | 0.67 | 0.08 | 0.30 |
| Up Capture | 146% | 96% | 181% | 42% | 79% | 202% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 7 | 15 | 24 | 46 | 102 | 298 |
| Down Capture | 901% | 772% | 320% | 271% | 179% | 112% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 13 | 25 | 37 | 75 | 141 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRVO | |
|---|---|---|---|---|
| CRVO | -43.2% | 113.3% | -0.07 | - |
| Sector ETF (XLV) | 14.0% | 15.0% | 0.66 | 14.3% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 16.9% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 16.9% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | -11.8% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 11.1% |
| Bitcoin (BTCUSD) | -40.0% | 42.5% | -1.08 | 6.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRVO | |
|---|---|---|---|---|
| CRVO | -12.0% | 157.0% | 0.53 | - |
| Sector ETF (XLV) | 5.4% | 14.7% | 0.19 | 6.4% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 12.0% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 7.1% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | -0.6% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 8.0% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 6.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRVO | |
|---|---|---|---|---|
| CRVO | -6.2% | 157.0% | 0.53 | - |
| Sector ETF (XLV) | 9.4% | 16.6% | 0.46 | 6.4% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 12.0% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 7.1% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | -0.6% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 8.0% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 6.1% |
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Earnings Returns History
Updated 6/21/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/18/2026 | -4.9% | 0.3% | 25.3% |
| 3/17/2026 | -6.4% | -13.5% | -11.9% |
| 11/10/2025 | 1.0% | 19.0% | 18.7% |
| 8/11/2025 | -3.6% | 2.7% | 1.5% |
| 5/12/2025 | -4.4% | -3.4% | -17.9% |
| 3/18/2025 | 0.3% | -5.2% | 1.6% |
| 11/13/2024 | -2.7% | -14.1% | -83.1% |
| 8/15/2024 | 7.2% | -7.9% | -5.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 4 |
| # Negative | 7 | 6 | 6 |
| Median Positive | 1.0% | 1.8% | 10.2% |
| Median Negative | -3.6% | -10.7% | -14.9% |
| Max Positive | 7.2% | 19.0% | 25.3% |
| Max Negative | -6.4% | -23.1% | -83.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/18/2026 | -4.9% | 0.3% | 25.3% |
| 3/17/2026 | -6.4% | -13.5% | -11.9% |
| 11/10/2025 | 1.0% | 19.0% | 18.7% |
| 8/11/2025 | -3.6% | 2.7% | 1.5% |
| 5/12/2025 | -4.4% | -3.4% | -17.9% |
| 3/18/2025 | 0.3% | -5.2% | 1.6% |
| 11/13/2024 | -2.7% | -14.1% | -83.1% |
| 8/15/2024 | 7.2% | -7.9% | -5.0% |
| 5/15/2024 | -1.5% | -23.1% | -23.1% |
| 11/13/2023 | -1.4% | 0.9% | -9.5% |
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 4 |
| # Negative | 7 | 6 | 6 |
| Median Positive | 1.0% | 1.8% | 10.2% |
| Median Negative | -3.6% | -10.7% | -14.9% |
| Max Positive | 7.2% | 19.0% | 25.3% |
| Max Negative | -6.4% | -23.1% | -83.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/18/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/17/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/17/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
| 06/30/2019 | 08/08/2019 | 10-Q |
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Boger, Joshua S | Trusts | Buy | 6152026 | 3.14 | 955,414 | 3,000,000 | 5,639,016 | Form | |
| 2 | Winton, Matthew | Chief Commercial and Business | Direct | Buy | 11192025 | 7.95 | 1,500 | 11,925 | 119,250 | Form |
| 3 | Elder, William Robert | CFO, GC & Secretary | Direct | Buy | 11192025 | 8.32 | 2,500 | 20,800 | 104,000 | Form |
| 4 | Winton, Matthew | Chief Commercial and Business | Direct | Buy | 11192025 | 8.43 | 3,500 | 29,505 | 113,805 | Form |
| 5 | Gregoire, Sylvie | Direct | Buy | 11192025 | 8.46 | 10,793 | 91,309 | 12,555,300 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Boger, Joshua S | Trusts | Buy | 6152026 | 3.14 | 955,414 | 3,000,000 | 5,639,016 | Form | |
| 2 | Winton, Matthew | Chief Commercial and Business | Direct | Buy | 11192025 | 7.95 | 1,500 | 11,925 | 119,250 | Form |
| 3 | Elder, William Robert | CFO, GC & Secretary | Direct | Buy | 11192025 | 8.32 | 2,500 | 20,800 | 104,000 | Form |
| 4 | Winton, Matthew | Chief Commercial and Business | Direct | Buy | 11192025 | 8.43 | 3,500 | 29,505 | 113,805 | Form |
| 5 | Gregoire, Sylvie | Direct | Buy | 11192025 | 8.46 | 10,793 | 91,309 | 12,555,300 | Form | |
| 6 | Gregoire, Sylvie | Spouse's IRA | Buy | 11192025 | 8.46 | 10,807 | 91,427 | 105,750 | Form | |
| 7 | Elder, William Robert | CFO, GC & Secretary | Direct | Buy | 11192025 | 8.45 | 1,000 | 8,450 | 84,500 | Form |
| 8 | Alam, John J | CEO & President | Direct | Buy | 11192025 | 8.46 | 10,807 | 91,427 | 12,555,300 | Form |
| 9 | Alam, John J | CEO & President | Spouse's IRA | Buy | 11192025 | 8.46 | 10,793 | 91,309 | 105,750 | Form |
| 10 | Gregoire, Sylvie | Direct | Buy | 11172025 | 7.57 | 1,707 | 12,922 | 11,152,767 | Form | |
| 11 | Gregoire, Sylvie | Spouse's IRA | Buy | 11172025 | 7.55 | 1,693 | 12,782 | 12,782 | Form | |
| 12 | Alam, John J | CEO & President | Direct | Buy | 11172025 | 7.55 | 1,693 | 12,782 | 11,123,196 | Form |
| 13 | Alam, John J | CEO & President | Spouse's IRA | Buy | 11172025 | 7.57 | 1,707 | 12,922 | 12,922 | Form |
| 14 | Winton, Matthew | Chief Commercial and Business | Direct | Buy | 11172025 | 7.57 | 10,000 | 75,700 | 75,700 | Form |
| 15 | Gregoire, Sylvie | Direct | Buy | 11172025 | 7.51 | 4,447 | 33,397 | 11,051,551 | Form | |
| 16 | Alam, John J | CEO & President | Direct | Buy | 11172025 | 7.51 | 4,447 | 33,397 | 11,051,551 | Form |
| 17 | Gregoire, Sylvie | Direct | Buy | 11132025 | 7.35 | 5,553 | 40,815 | 10,783,413 | Form | |
| 18 | Elder, William Robert | CFO, GC & Secretary | Direct | Buy | 11132025 | 7.44 | 3,500 | 26,040 | 66,960 | Form |
| 19 | Alam, John J | CEO & President | Direct | Buy | 11132025 | 7.35 | 5,553 | 40,815 | 10,783,413 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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