- CEO
- Peter G. Savas
- Full Time Employees
- 3
- Sector
- Healthcare
- Industry
- Biotechnology
- Address
- 275 Grove Street Auburndale MA United States of America 02466
- IPO Date
- Dec 22, 1994
- Business
- Alseres Pharmaceuticals, Inc. (Nasdaq: ALSE) develops diagnostic and therapeutic products primarily for central nervous system (CNS) disorders, including Parkinson’s disease, dementia, spinal cord injury, and stroke; its lead product candidate is Altropane, a molecular imaging agent employing iodine-123 radiolabeled [123I]-E-IACFT for aiding in the diagnosis of Parkinsonian syndromes and differentiating them from essential tremor or other movement disorders. The company advances regenerative therapeutics such as Cethrin, a recombinant-protein-based drug to promote nerve repair post-acute spinal cord injury which showed positive interim Phase I/IIa results, alongside preclinical candidates including Inosine for spinal cord injury and stroke treatment, Oncomodulin for ocular injury and disease, and programs targeting bone repair; it maintains research collaborations with Harvard Medical School and Children's Hospital Boston. Founded in 1972 and headquartered in Auburndale, Massachusetts, Alseres operates principally in the United States within the biotechnology sector, targeting neurologists, movement disorder specialists, and patients with CNS conditions through partnerships for product development and commercialization. The company, formerly Boston Life Sciences, Inc., changed its name to Alseres Pharmaceuticals, Inc. in June 2007 to reflect its strategic focus on biopharmaceuticals for CNS disorders, with shares trading under ALSE since June 11, 2007; it previously licensed worldwide rights to Altropane to Navidea Biopharmaceuticals and received funding including $34.4 million from investors such as Highbridge Capital Management and Ingalls & Snyder, though no major acquisitions, new product launches, or operational shifts have occurred in the last 1-2 years amid a dormant pipeline status.