Moving on from biopharma’s latest setback in Alzheimer’s disease — and the four that preceded it last year — the industry is turning its attention to a tiny pill made by a small company with hopes to succeed where so many have failed.

In the third quarter of this year, Axovant Sciences will release Phase 3 data that will determine whether its drug, intepirdine, can improve cognition and function in patients with mild or moderate Alzheimer’s. Axovant’s readout will follow an outright failure from Merck, disappointing results from Eli Lilly, and a vexing setback for TauRx.

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