Acumen Pharmaceuticals(ABOS)

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Acumen Pharmaceuticals to Report Fourth Quarter and Year-End 2024 Financial Results on March 27, 2025
Newsfilter· 2025-03-20 20:00
Core Viewpoint - Acumen Pharmaceuticals is set to report its fourth quarter and year-end 2024 financial results on March 27, 2025, and will host a conference call for updates [1]. Company Overview - Acumen Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing a novel therapeutic targeting toxic soluble amyloid beta oligomers for Alzheimer's disease treatment [3]. - The company is advancing its investigational product candidate, sabirnetug (ACU193), a humanized monoclonal antibody, currently in a Phase 2 clinical trial (ALTITUDE-AD) after positive Phase 1 trial results [3]. - Acumen's scientific founders have pioneered research on amyloid beta oligomers, which are recognized as early triggers of Alzheimer's disease pathology [3].
Acumen Pharmaceuticals Announces Topline Results from Phase 1 Study of Subcutaneous Formulation of Sabirnetug in Healthy Volunteers
Newsfilter· 2025-03-19 12:00
Core Insights - Acumen Pharmaceuticals announced positive topline results from its Phase 1 study of sabirnetug, indicating that subcutaneous administration is well-tolerated and supports further clinical development [1][2] - The company emphasizes the potential for increased patient convenience with the subcutaneous formulation compared to intravenous treatment [2] - Sabirnetug is the first humanized monoclonal antibody to demonstrate selective target engagement of soluble amyloid beta oligomers (AβOs) in Alzheimer's disease patients [3][5] Clinical Study Details - The Phase 1 study involved 12 healthy volunteers receiving single intravenous doses of 2,800 mg and 16 subjects receiving four weekly subcutaneous doses of 1,200 mg [2] - The most common adverse events were mild injection site reactions, occurring in 62.5% of subjects, with no significant safety concerns identified [2] - The ongoing Phase 2 ALTITUDE-AD study is evaluating the efficacy and safety of sabirnetug in patients with early Alzheimer's disease [4][6] Technology and Mechanism - Sabirnetug is co-formulated with Halozyme's ENHANZE® drug delivery technology, which enhances subcutaneous delivery by allowing larger volumes to be administered [3][7] - The drug targets toxic soluble AβOs, which are believed to play a critical role in the neurodegenerative process of Alzheimer's disease [5][9] Company Overview - Acumen Pharmaceuticals is focused on developing therapies targeting soluble AβOs for Alzheimer's disease and is headquartered in Newton, Massachusetts [9]
Acumen Pharmaceuticals CEO Discusses Novel Targeted Therapies for Alzheimer's
GlobeNewswire News Room· 2025-03-18 12:48
Core Insights - The interview features Acumen Pharmaceuticals' CEO Daniel O'Connell and Dr. Jessica Clark discussing the challenges and advancements in Alzheimer's disease treatment [1][5] - There are over six million diagnosed cases of Alzheimer's in the U.S. and approximately 55 million worldwide, with treatment and long-term care costs estimated at $360 billion [2] Company Focus - Acumen Pharmaceuticals is dedicated to developing targeted therapies for Alzheimer's, specifically a monoclonal antibody named sabirnetug, which targets amyloid beta oligomers (AβOs) [3][6] - The company is advancing sabirnetug into a Phase II study involving around 540 patients across the U.S., North America, and Europe, with enrollment expected to complete in the first half of the year [4] Industry Context - The economic impact of Alzheimer's disease is significant, affecting not only healthcare costs but also caregiver productivity and time investment [2] - The advancements in pharmaceuticals are crucial for improving patient care and reshaping healthcare delivery models [5]
Acumen Pharmaceuticals CEO Discusses Novel Targeted Therapies for Alzheimer's
Newsfilter· 2025-03-18 12:48
Core Insights - The interview features Acumen Pharmaceuticals CEO Daniel O'Connell and Dr. Jessica Clark discussing the impact of Alzheimer's Disease and the company's focus on developing targeted therapies [1][5]. Industry Overview - In the U.S., over six million people are diagnosed with active Alzheimer's, and globally, the number is approximately 55 million [2]. - The economic burden of Alzheimer's treatment and long-term care is around $360 billion, excluding caregiver time and productivity losses [2]. Company Focus - Acumen Pharmaceuticals is dedicated to developing therapeutics specifically for Alzheimer's, with a focus on the monoclonal antibody sabirnetug, which targets amyloid beta oligomers (AβOs) [3][6]. - The company is advancing sabirnetug into a Phase II study involving about 540 patients across the U.S., North America, and Europe, with enrollment expected to be completed in the first half of the year [4][6]. Clinical Development - Positive results from the Phase I study of sabirnetug indicated a good safety profile and expected pharmacological effects on AβOs [3]. - The ongoing Phase II clinical trial, ALTITUDE-AD, targets early symptomatic Alzheimer's disease patients following the success of the Phase I trial, INTERCEPT-AD [6].
Acumen Pharmaceuticals to Present During International Conference on Alzheimer's and Parkinson's Diseases 2025 and American Academy of Neurology Annual Meeting
Newsfilter· 2025-03-12 12:00
Core Insights - Acumen Pharmaceuticals is advancing its investigational product candidate, sabirnetug (ACU193), a humanized monoclonal antibody targeting soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer's disease (AD) [7][9] - The company will present scientific findings at two major conferences: the International Conference on Alzheimer's and Parkinson's Diseases (AD/PD) and the American Academy of Neurology (AAN) Annual Meeting [1][2] Company Overview - Acumen Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing therapies for Alzheimer's disease, specifically targeting toxic soluble AβOs, which are implicated in the neurodegenerative process [9] - The company is headquartered in Newton, Massachusetts, and has a strong scientific foundation in AβO research [9] Clinical Trials - The ongoing Phase 2 clinical trial, ALTITUDE-AD, aims to evaluate the efficacy and safety of sabirnetug in slowing cognitive and functional decline in early Alzheimer's disease patients [8] - Approximately 540 individuals with early Alzheimer's disease are expected to be enrolled in this multi-center, randomized, double-blind, placebo-controlled study [8] Upcoming Presentations - Acumen will present oral and poster presentations at the AD/PD conference in Vienna and the AAN Annual Meeting in San Diego, focusing on the use of plasma pTau217 assays and the effects of sabirnetug on synaptic biomarkers [2][3][4] - Specific presentation details include the ALTITUDE-AD study and the early effects of sabirnetug treatment on synaptic biomarkers [3][4][5][6]
Acumen Pharmaceuticals to Present During International Conference on Alzheimer’s and Parkinson’s Diseases 2025 and American Academy of Neurology Annual Meeting
Globenewswire· 2025-03-12 12:00
Core Insights - Acumen Pharmaceuticals is advancing sabirnetug (ACU193), a humanized monoclonal antibody targeting soluble amyloid beta oligomers (AβOs) for Alzheimer's disease treatment [6][8] - Upcoming scientific presentations at major conferences will focus on the implementation of a plasma pTau217 assay and the effects of sabirnetug on synaptic biomarkers in Alzheimer's disease [1][2] Company Overview - Acumen Pharmaceuticals is a clinical-stage biopharmaceutical company headquartered in Newton, Massachusetts, focusing on therapies for Alzheimer's disease [8] - The company has received Fast Track designation from the U.S. FDA for sabirnetug, which is currently in a Phase 2 clinical trial [6][8] Clinical Trials - The ALTITUDE-AD study is a Phase 2, multi-center, randomized, double-blind, placebo-controlled trial evaluating the efficacy and safety of sabirnetug in early Alzheimer's disease patients [7] - Approximately 540 individuals with early Alzheimer's disease are being enrolled in the ALTITUDE-AD study, which is ongoing across multiple sites in the U.S., Canada, UK, and EU [7] Upcoming Presentations - Acumen will present findings at the International Conference on Alzheimer's and Parkinson's Diseases and Related Neurological Disorders in Vienna from April 1-5, 2025, and at the American Academy of Neurology Annual Meeting in San Diego from April 5-9, 2025 [1][2] - Oral presentations will include the use of plasma pTau217 screening in the ALTITUDE-AD study, while poster presentations will cover various methodologies related to AβOs and synaptic biomarkers [2][3]
Acumen Pharmaceuticals to Participate in Upcoming Investor Conferences
GlobeNewswire News Room· 2025-03-10 20:00
Core Insights - Acumen Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing a novel therapeutic targeting toxic soluble amyloid beta oligomers for Alzheimer's disease treatment [2] - The company is advancing its investigational product candidate, sabirnetug (ACU193), which is currently in a Phase 2 clinical trial named ALTITUDE-AD, following positive results from its Phase 1 trial INTERCEPT-AD [2] Company Overview - Acumen Pharmaceuticals is headquartered in Newton, Massachusetts, and is dedicated to addressing Alzheimer's disease through innovative research on amyloid beta oligomers [2] - The scientific founders of Acumen have pioneered research indicating that amyloid beta oligomers are significant early triggers of Alzheimer's disease pathology [2] Upcoming Events - Management will participate in webcast fireside chats at two investor conferences: UBS Virtual CNS Day on March 17, 2025, and Stifel Virtual CNS Days on March 18, 2025 [3]
Acumen Pharmaceuticals Announces Journal of Prevention of Alzheimer's Disease Publication of the Company's Phase 1 INTERCEPT-AD Study, Including Target Engagement, Dosing Regimen and Safety Findings
Newsfilter· 2025-01-09 13:00
Core Insights - The Phase 1 INTERCEPT-AD trial results support the continued development of sabirnetug (ACU193) for early Alzheimer's disease treatment, showing selective target engagement and significant amyloid plaque reduction [1][3][4] - Acumen Pharmaceuticals is advancing sabirnetug as a next-generation antibody treatment, targeting toxic soluble amyloid beta oligomers (AβOs) that contribute to Alzheimer's disease pathology [2][8] - The ongoing Phase 2 ALTITUDE-AD trial aims to evaluate the efficacy and safety of sabirnetug in approximately 540 adults with early Alzheimer's disease, with enrollment expected to complete in the first half of 2025 [6][10] Company Overview - Acumen Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing therapies targeting toxic soluble AβOs for Alzheimer's disease [11] - The company has received Fast Track designation from the U.S. FDA for sabirnetug, indicating its potential as a treatment for early Alzheimer's disease [8] - The INTERCEPT-AD trial involved 65 participants and demonstrated a favorable safety profile, with low levels of amyloid-related imaging abnormalities [3][9] Clinical Trials - The INTERCEPT-AD trial was a randomized, double-blind, placebo-controlled study designed to assess the safety and tolerability of sabirnetug in early Alzheimer's disease patients [3][9] - The ALTITUDE-AD trial is a multi-center, randomized, double-blind, placebo-controlled study evaluating sabirnetug's efficacy in slowing cognitive decline, with the first patient dosed in May 2024 [6][10]
Acumen Pharmaceuticals Announces Journal of Prevention of Alzheimer’s Disease Publication of the Company’s Phase 1 INTERCEPT-AD Study, Including Target Engagement, Dosing Regimen and Safety Findings
Globenewswire· 2025-01-09 13:00
Core Viewpoint - The publication of Phase 1 INTERCEPT-AD data supports the continued development of sabirnetug (ACU193) for early Alzheimer's disease treatment, demonstrating its safety, target engagement, and efficacy in reducing amyloid plaques [1][4]. Company Overview - Acumen Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing sabirnetug, a humanized monoclonal antibody targeting toxic soluble amyloid beta oligomers (AβOs) for Alzheimer's disease treatment [10]. - The company is headquartered in Newton, Massachusetts, and aims to advance its investigational product candidate through ongoing clinical trials [10]. Clinical Trials - The Phase 1 INTERCEPT-AD trial involved 65 participants with early Alzheimer's disease, showing dose-dependent target engagement and significant amyloid plaque reduction [3][8]. - The ongoing Phase 2 ALTITUDE-AD trial aims to evaluate the efficacy and safety of sabirnetug in approximately 540 adults aged 50 to 90 years, with enrollment expected to complete in the first half of 2025 [6][9]. Drug Mechanism and Development - Sabirnetug is the first humanized monoclonal antibody to demonstrate selective target engagement of AβOs in early symptomatic Alzheimer's disease patients [2]. - The drug targets soluble AβOs, which are believed to be a significant early trigger of neurodegeneration in Alzheimer's disease [7]. Safety and Efficacy Findings - The INTERCEPT-AD trial results indicated a low incidence of amyloid-related imaging abnormalities (ARIA), with only one participant experiencing mild ARIA-E that resolved within four weeks [3][8]. - The study confirmed the safety profile of sabirnetug and established a foundation for the ongoing Phase 2 trial [3][4].
Acumen Pharmaceuticals(ABOS) - 2024 Q3 - Quarterly Report
2024-11-12 21:29
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]