Perhaps the effect that is being seen is related to C-reactive protein. CRP is clearly implicated in Alzheimer's, and apparently valsartan reduces CRP.
Here are a few quotes to illustrate:
"Inflammation plays an important role in the pathogenesis of Alzheimer's disease.... [T]he level of systemic inflammation markers, particularly C-reactive protein and interleukin-6, can predict cognitive decline or dementia.” (1)
"Blood levels of CRP... are associated with higher risk of Alzheimer disease and cognitive decline during aging.” (2)
"C-reactive protein has been shown to co-deposit with C fragments in a number of disorders, including Alzheimer's disease..." (3)
"Angiotensin receptor blockers (ARBs) (valsartan, irbesartan, olmesartan, telmisartan) markedly reduce serum levels of CRP." (4)
References:
1. Dziedzic T. Systemic inflammatory markers and risk of dementia. Am J Alzheimers Dis Other Demen. 2006 Aug-Sep;21(4):258-62. Abstract
2. Finch CE, Morgan TE. Systemic inflammation, infection, ApoE alleles, and Alzheimer disease: a position paper. Curr Alzheimer Res. 2007 Apr;4(2):185-9. Abstract
3. Klegeris A, Singh EA, McGeer PL. Effects of C-reactive protein and pentosan polysulphate on human complement activation. Immunology. 2002 July; 106(3): 381–388. Abstract
4. Prasad K. C-reactive protein (CRP)-lowering agents. Cardiovasc Drug Rev. 2006 Spring;24(1):33-50. Abstract
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