Financial Performance and Expenses - Net loss for the nine months ended September 30, 2024 was $65.2 million, with 91% ($59.2 million) attributed to research and development spending[102] - Research and development expenses increased by 144% to $27.2 million in Q3 2024 compared to Q3 2023[112] - General and administrative expenses increased by 3% to $5.0 million in Q3 2024 compared to Q3 2023[112] - Research and development expenses increased by $16.0 million to $27.2 million for the three months ended September 30, 2024, primarily due to a $13.4 million increase in costs associated with the Phase 2 ALTITUDE-AD clinical trial[113] - General and administrative expenses increased by $0.1 million to $5.0 million for the three months ended September 30, 2024, primarily due to higher personnel costs[114] - Other income decreased by $0.6 million to $2.5 million for the three months ended September 30, 2024, due to an increase in interest expense related to borrowings[115] - Research and development expenses increased by $30.2 million to $59.2 million for the nine months ended September 30, 2024, primarily due to a $20.9 million increase in costs associated with the Phase 2 ALTITUDE-AD clinical trial[118] - General and administrative expenses increased by $1.6 million to $15.2 million for the nine months ended September 30, 2024, primarily due to higher personnel costs[119] - Other income increased by $2.4 million to $9.2 million for the nine months ended September 30, 2024, primarily due to a $4.5 million increase in interest income[120] - Net cash used in operating activities increased by $24.2 million to $59.0 million for the nine months ended September 30, 2024, primarily due to an increase in net loss[129] Cash and Funding - Cash and cash equivalents and marketable securities totaled $258.9 million as of September 30, 2024, including $30.0 million from the first tranche of the K2HV loan[104] - The company expects its existing cash and cash equivalents to fund operations into the first half of 2027[104] - The company entered into a $50 million loan agreement with K2HV in November 2023, with $30 million already drawn[100] - In Q3 2024, the company issued 2,068,246 shares of common stock under its ATM program for net proceeds of $7.9 million ($3.84 per share)[101] - Cash provided by investing activities increased by $141.2 million to $18.4 million for the nine months ended September 30, 2024, primarily due to proceeds from maturities of marketable securities[132] - Cash provided by financing activities decreased by $115.7 million to $6.9 million for the nine months ended September 30, 2024, primarily due to lower net proceeds from the issuance of common stock[133] - The company expects its existing cash and cash equivalents and marketable securities totaling $258.9 million to fund operating expenses and capital expenditure requirements into the first half of 2027[127] - Additional funding may result in dilution to stockholders, imposition of debt covenants, and repayment obligations, potentially affecting the company's business[138] - The company's ability to raise capital may be adversely impacted by worsening global economic conditions, disruptions in credit markets, and rising interest rates[138] Clinical Trials and Drug Development - The Phase 2 ALTITUDE-AD clinical trial for sabirnetug is expected to complete enrollment in the first half of 2025 with approximately 540 participants[96] - Sabirnetug demonstrated a 10.4% overall rate of ARIA-E in the INTERCEPT-AD trial, with dose-dependent rates of 7% (10/25 mg/kg) and 21% (60 mg/kg)[95] Financial Position and Deficits - The company has an accumulated deficit of $288.0 million and working capital of $187.7 million as of September 30, 2024[102] Accounting and Reporting - Financial statements preparation requires significant estimates and assumptions, which may differ under different conditions[139] - The company has elected to use the extended transition period for complying with new or revised accounting standards under the JOBS Act[142] - The company qualifies as an "emerging growth company" and may take advantage of reduced disclosure requirements until December 31, 2026, or until specific financial thresholds are met[144] - The company is also a "smaller reporting company" with a market value of shares held by non-affiliates less than $700 million and annual revenue below $100 million[145] - As a smaller reporting company, the company may present only the two most recent fiscal years of audited financial statements in its Annual Report[145] - The company may continue to rely on exemptions from certain disclosure requirements if it remains a smaller reporting company after ceasing to be an emerging growth company[145] - Quantitative and qualitative disclosures about market risk are not applicable to the company as a smaller reporting company[146]

Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) Q3 2024 Results Conference Call November 12, 2024 8:00 AM ET Company Participants Alex Braun - Head of Investor Relations Dan O’Connell - Chief Executive Officer Matt Zuga - Chief Financial Officer, Chief Business Officer Dr. Jim Doherty - President, Chief Development Officer Dr. Eric Siemers - Chief Medical Officer. Conference Call Participants Mark Hitrik - Stifel Tom Shrader - BTIG Cameron Bozdog - BofA Securities Samantha Schaeffer - Cantor Fitzgerald Operator ...

Exhibit 99.1 Acumen Pharmaceuticals Reports Third Quarter 2024 Financial Results and Business Highlights • Expect ALTITUDE-AD, a Phase 2 study to investigate sabirnetug (ACU193) for the treatment of early Alzheimer's disease, to complete enrollment in the first half of 2025 • Expect to announce topline results of Phase 1 study to support subcutaneous administration of sabirnetug in the first quarter of 2025 • Cash, cash equivalents and marketable securities of $258.9 million as of Sept. 30, 2024, expected t ...

NEWTON, Mass., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers for the treatment of Alzheimer’s disease, announced today that management will participate in a fireside chat at the Stifel Healthcare Conference on Monday, Nov. 18, 2024, at 11:30 a.m. ET. The live webcast may be accessed under the Investors tab on www.acumenpharm.com and will be archived for ...

Late-breaking presentation highlights the pTau217 assay as an effective and efficient tool to screen participants for ALTITUDE-AD that reduces unnecessary amyloid PET scans and lumbar puncture procedures for those who are not eligible NEWTON, Mass., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer’s disease (AD), today prese ...

- Presentation to focus on use of validated pTau217 assay in participant screening process for Phase 2 ALTITUDE-AD study of sabirnetug for early Alzheimer’s disease - Late-breaking presentation to be held Thursday, Oct. 31, at 9:30 a.m. CET NEWTON, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer’s disease (AD), today ...

NEWTON, Mass., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) (“Acumen” or the “Company”), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer’s disease (AD), today announced that the Company will host a virtual R&D Day on Wednesday, Oct. 2 at 10:00 a.m. ET. The webcast will highlight Acumen’s strategic vision, and focus on the mechanistic rationale, pre-clinical and ...

ab 14 August 2024 Global Research and Evidence Lab Acumen Pharmaceuticals Inc to $6 on lowered sabirnetug estimates amid class setbacks, remains Buy Thoughts post 2Q24 & a thesis revisit: cutting PT P2 execution is now a key thesis, lowering PT along with volatile market We updated our model post 2Q EPS, including a reevaluation of the launch trajectory and market potential for sabirnetug (ACU193). We continue to expect a potential launch in 2H28 on the stand-alone P2 ALTITUDE-AD study results (which we exp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________ FORM 10-Q ___________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to_________ Commission File Number: 001-40551 ___________________________ Acume ...

Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) Q2 2024 Earnings Conference Call August 13, 2024 8:00 AM ET Company Participants Dan O’Connell - Chief Executive Officer Matt Zuga - Chief Financial Officer, Chief Business Officer Dr. Jim Doherty - President, Chief Development Officer Dr. Eric Siemers - Chief Medical Officer. Alex Braun - Head of Investor Relations Conference Call Participants Tom Shrader - BTIG Cameron Bozdog - Bank of America Samantha Schaeffer - Cantor Fitzgerald Trung Huynh - UBS Ananda Ghos ...