Addex Therapeutics(ADXN)
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Addex Therapeutics to Release Q1 2024 Financial Results and Host Conference Call on June 6, 2024
Newsfilter· 2024-05-31 05:00
Core Points - Addex Therapeutics will release its Q1 2024 financial results on June 6, 2024, and will provide a business update and product pipeline review during a teleconference and webcast [1] - The teleconference will be held at 16:00 CEST (15:00 BST / 10:00 EDT / 07:00 PDT) on the same day [1] Company Overview - Addex Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel small molecule allosteric modulators for neurological disorders [3] - The lead drug candidate, ADX71149, is a positive allosteric modulator (PAM) for mGlu2 and has completed a Phase 2 clinical study for epilepsy [3] - The second clinical program, dipraglurant, is a negative allosteric modulator (NAM) for mGlu5, under evaluation for dyskinesia associated with Parkinson's disease and post-stroke/TBI recovery [3] - Addex has a partnership with Indivior to advance multiple drug candidates for substance use disorder and is also developing a GABAB PAM program for chronic cough [3] - The company holds a 20% share in Neurosterix LLC, which is advancing several allosteric modulator programs for various neurological conditions [3] - Addex shares are listed on the SIX Swiss Exchange and NASDAQ under the ticker symbol "ADXN" [3]
Addex to Present at Bio€quity Europe 2024
Newsfilter· 2024-05-08 05:00
Geneva, Switzerland, May 8, 2024 - Addex Therapeutics (NASDAQ:ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug development, announced today that CEO, Tim Dyer, will present at the Bio€quity Europe 2024 conference taking place May 12 - 14, 2024 at the Kursaal Congress Center in San Sebastián, Spain. In his in-person presentation, scheduled for 14:00 – 14:12 CEST, on Monday May 13, 2024 in Room 6 + 7, Mr. Dyer will provide a corporate update and discuss recent develop ...
Addex to Present at Bio€quity Europe 2024
Globenewswire· 2024-05-08 05:00
Geneva, Switzerland, May 8, 2024 - Addex Therapeutics (SIX and Nasdaq: ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug development, announced today that CEO, Tim Dyer, will present at the Bio€quity Europe 2024 conference taking place May 12 - 14, 2024 at the Kursaal Congress Center in San Sebastián, Spain. In his in-person presentation, scheduled for 14:00 – 14:12 CEST, on Monday May 13, 2024 in Room 6 + 7, Mr. Dyer will provide a corporate update and discuss recen ...
Addex Provides Update on ADX71149 Phase 2 Epilepsy Study
Newsfilter· 2024-04-29 05:00
Ad Hoc Announcement Pursuant to Art. 53 LR Geneva, Switzerland, April 29, 2024 - Addex Therapeutics (NASDAQ:ADXN), a clinical-stage biopharmaceutical company focused on developing a portfolio of novel small molecule allosteric modulators for neurological disorders, today announced top-line data from a Phase 2 epilepsy study evaluating adjunctive ADX71149 (JNJ-40411813) administration in patients with focal onset seizures with suboptimal response to levetiracetam or brivaracetam. The Phase 2 study did not ac ...
Addex Therapeutics(ADXN) - 2023 Q4 - Earnings Call Transcript
2024-04-18 17:46
Addex Therapeutics Ltd (NASDAQ:ADXN) Q4 2023 Earnings Conference Call April 18, 2024 10:00 AM ET Company Participants Tim Dyer - Chief Executive Officer Mikhail Kalinichev - Head, Translational Science Conference Call Participants Joanne Lee - Maxim Group Raghuram Selvaraju - H.C. Wainwright & Co. Michael Okunewitch - Maxim Group Operator Good day and thank you for standing by. Welcome to the Addex Therapeutics Full Year 2023 Financial Results and Corporate Update Conference Call. At this time, all particip ...
Addex Therapeutics(ADXN) - 2023 Q4 - Annual Report
2024-04-18 10:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...
Addex Therapeutics(ADXN) - 2023 Q4 - Annual Report
2024-04-18 10:05
[Full Year 2023 Financial Results and Corporate Update](index=1&type=section&id=Addex%20Therapeutics%20Reports%20Full%20Year%202023%20Financial%20Results%20and%20Provides%20Corporate%20Update) Addex Therapeutics reported full-year 2023 financial results, emphasizing Neurosterix launch, operational milestones, and improved financial performance [Introduction and CEO Remarks](index=1&type=section&id=Introduction%20and%20CEO%20Remarks) Addex Therapeutics announced 2023 financial results, emphasizing the transformational Neurosterix launch and key upcoming milestones - The launch of Neurosterix, in collaboration with Perceptive Advisors, is considered a **transformational transaction** for Addex, validating decades of work[3](index=3&type=chunk) - Top-line data from the ADX71149 Phase 2 epilepsy study is anticipated by **mid-May 2024**[1](index=1&type=chunk)[3](index=3&type=chunk) - The company plans to start IND-enabling studies for drug candidates from its GABAB PAM collaboration with Indivior by the **end of 2024**[3](index=3&type=chunk) [Operating Highlights](index=1&type=section&id=Operating%20Highlights) Key operational milestones in 2023 include the Neurosterix launch, extended Indivior collaboration, and preclinical program advancements - Launched Neurosterix with Perceptive Advisors, securing **USD 63 million** to advance the allosteric modulator drug discovery platform and unpartnered preclinical portfolio[1](index=1&type=chunk)[4](index=4&type=chunk) - The GABAB PAM collaboration with Indivior for substance use disorders was extended to the **end of June 2024**, with an additional **CHF 2.7 million** in research funding[4](index=4&type=chunk) - An Addex-led consortium secured a **EUR 4 million** Eurostars grant for its mGlu2NAM mild neurocognitive disorders discovery program[4](index=4&type=chunk) - Data supporting the development of dipraglurant in post-stroke recovery was published in the journal *Brain*[4](index=4&type=chunk) [Financial Performance](index=1&type=section&id=Financial%20Performance) Addex significantly reduced 2023 operating and net losses, driven by decreased R&D and G&A expenses Key Financial Data (CHF in thousands) | Financial Metric | 2023 | 2022 | Change | | :--- | :--- | :--- | :--- | | Income | 1,647 | 1,445 | 202 | | R&D expenses | (6,962) | (14,665) | 7,703 | | G&A expenses | (4,966) | (7,300) | 2,334 | | Total operating loss | (10,281) | (20,520) | 10,239 | | Net loss for the period | (10,556) | (20,804) | 10,248 | | Basic and diluted net loss per share (CHF) | (0.14) | (0.46) | 0.32 | | Cash and cash equivalents | 3,865 | 6,957 | (3,092) | - R&D expenses decreased by **CHF 7.7 million** to **CHF 7.0 million** in 2023, mainly due to reduced external R&D activities related to dipraglurant[7](index=7&type=chunk) - G&A expenses fell by **CHF 2.3 million** to **CHF 5.0 million** in 2023, primarily due to lower share-based service costs and D&O insurance costs[7](index=7&type=chunk) - The net loss decreased by **CHF 10.2 million**, largely as a result of the reduction in R&D expenses[7](index=7&type=chunk) - Cash and cash equivalents decreased by **CHF 3.1 million**, reflecting cash used in operations, partially offset by proceeds from a **USD 5 million** equity offering in April 2023 and research funding from Indivior[7](index=7&type=chunk) [Corporate Information](index=2&type=section&id=Corporate%20Information) Addex Therapeutics, a clinical-stage biopharmaceutical company, provided corporate details and forward-looking statements - Addex is a clinical-stage biopharmaceutical company focused on developing novel small molecule allosteric modulators for neurological disorders[11](index=11&type=chunk) - The company's lead drug candidate is ADX71149 for epilepsy, followed by dipraglurant for Parkinson's-related dyskinesia and post-stroke recovery[11](index=11&type=chunk) - A conference call and webcast to review the financial results was scheduled for **April 18, 2024**, with registration details provided[9](index=9&type=chunk)[10](index=10&type=chunk) - The press release contains forward-looking statements, and actual results may differ materially due to various risks and uncertainties detailed in the company's SEC filings, including the Annual Report on Form 20-F[13](index=13&type=chunk)
Addex Therapeutics Reports Full Year 2023 Financial Results and Provides Corporate Update
Newsfilter· 2024-04-18 05:00
Top-line data from ADX71149 Phase 2 epilepsy study expected by mid-May 2024Launched Neurosterix with Perceptive Advisors, raising USD 63 million in Series A to accelerate development of preclinical portfolio Received CHF 5 million upfront and 20% equity in Neurosterix, providing cash runway beyond 2026 Ad Hoc Announcement Pursuant to Art. 53 LR Geneva, Switzerland, April 18, 2024 - Addex Therapeutics (NASDAQ:ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug discovery ...
Addex Therapeutics to Release Full-Year 2023 Financial Results and Host Conference Call on April 18, 2024
Globenewswire· 2024-04-11 05:00
Core Points - Addex Therapeutics will release its Full-Year 2023 Financial Results on April 18, 2024, with a teleconference and webcast for stakeholders [1] - The company focuses on developing allosteric modulators for neurological disorders, with key drug candidates in various stages of clinical development [3] Company Overview - Addex Therapeutics is a clinical-stage biopharmaceutical company specializing in small molecule allosteric modulators for neurological disorders [3] - The lead drug candidate, ADX71149, is in a Phase 2 clinical study for epilepsy, developed in collaboration with Janssen Pharmaceuticals [3] - The second clinical program, dipraglurant, is being evaluated for dyskinesia associated with Parkinson's disease and post-stroke/TBI recovery [3] - Addex has a partnership with Indivior to advance multiple drug candidates for substance use disorder and is also developing a GABAB PAM program for chronic cough [3] - The company holds a 20% stake in Neurosterix LLC, which is advancing several allosteric modulator programs for various neurological conditions [3] Upcoming Events - A business update and product pipeline review will be provided by CEO Tim Dyer and Head of Translational Science Mikhail Kalinichev during the teleconference on April 18, 2024 [1]
Addex Therapeutics to Release Full-Year 2023 Financial Results and Host Conference Call on April 18, 2024
Newsfilter· 2024-04-11 05:00
Geneva, Switzerland, April 11, 2024 – Addex Therapeutics (NASDAQ:ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug development, today announced that it will issue its Full-Year 2023 Financial Results on April 18, 2024. Tim Dyer, CEO and Mikhail Kalinichev, Head of Translational Science will provide a business update and a review of the Addex product pipeline during a teleconference and webcast for investors, analysts and media at 16:00 CEST (15:00 BST / 10:00 EDT / 0 ...