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Anavex Life Sciences to Announce Fiscal 2025 Fourth Quarter Financial Results on Tuesday, November 25, 2025
Globenewswire· 2025-11-18 12:30
Core Viewpoint - Anavex Life Sciences Corp. is set to release its financial results for the fiscal year ending November 25, 2025, and will host a conference call to discuss these results and recent corporate developments [1][2]. Company Overview - Anavex Life Sciences Corp. is a clinical-stage biopharmaceutical company focused on developing innovative treatments for various central nervous system (CNS) disorders, including Alzheimer's disease, Parkinson's disease, schizophrenia, and Rett syndrome [4]. - The company's lead drug candidate, ANAVEX®2-73 (blarcamesine), has completed multiple clinical trials for Alzheimer's disease and has shown potential in treating other CNS disorders [4]. - ANAVEX®3-71 is another promising drug candidate targeting SIGMAR1 and M1 muscarinic receptors, demonstrating disease-modifying activity against Alzheimer's disease in preclinical trials [4]. Conference Call Details - The conference call will take place on November 25, 2025, at 8:30 am ET, and will include a question-and-answer session following management's remarks [2]. - Participants can access the call via a live webcast on Anavex's website or by dialing a specific number for U.S. participants [3].
Clene Reports Third Quarter 2025 Financial Results and Recent Operating Highlights
Globenewswire· 2025-11-13 13:00
Core Insights - Clene Inc. reported its third quarter 2025 financial results and updates on its CNM-Au8 programs, focusing on treatments for neurodegenerative diseases such as ALS and MS [1] Financial Performance - Cash and cash equivalents as of September 30, 2025, totaled $7.9 million, down from $12.2 million as of December 31, 2024 [11] - Research and development expenses for the quarter were $3.5 million, a decrease from $4.5 million in the same period in 2024, attributed to cost-saving initiatives and reduced manufacturing expenses [12] - General and administrative expenses were $2.2 million for the quarter, down from $3.4 million in the same period in 2024, primarily due to lower legal fees and personnel expenses [13] - The company reported a net loss of $8.8 million, or $0.85 per share, compared to a net loss of $8.0 million, or $1.22 per share, for the same period in 2024 [15] CNM-Au8 Development for ALS - Clene held a second Type C meeting with the FDA to discuss the long-term survival benefit of CNM-Au8 treatment for ALS, with a focus on ALS disease-specific biomarkers [3] - The FDA recommended three potential biomarker paths to enhance the persuasiveness of the company's ALS data, including NfL analysis from ongoing studies [4][5] - Clene plans to submit a New Drug Application (NDA) under an accelerated approval pathway in the first quarter of 2026, pending favorable data analyses [5][8] CNM-Au8 Development for MS - In September 2025, Clene held a Type B end-of-Phase 2 meeting with the FDA to review results from the Phase 2 VISIONARY-MS trial, focusing on cognition improvement as a potential primary endpoint for the planned Phase 3 study [7] - The FDA acknowledged the limitations of the Expanded Disability Status Scale and expressed openness to considering cognition as a primary endpoint [7] CNM-Au8 Development for Parkinson's Disease - New preclinical data showed that CNM-Au8 improved key measures of cellular health in a novel dopaminergic neuron model of Parkinson's disease, supporting its continued development as a treatment for PD [10] Upcoming Milestones - Clene anticipates the first patient will be dosed in its confirmatory Phase 3 RESTORE-ALS trial of CNM-Au8 in the first half of 2026 [6][8]
Interim Report for the period July - September 2025: BioArctic
Prnewswire· 2025-11-13 07:19
Core Insights - BioArctic is expanding its portfolio through new projects and partnerships, particularly highlighting its collaboration with Novartis, which is expected to enhance its treatment offerings for neurodegenerative diseases [3][10]. Financial Performance - For the third quarter of 2025, BioArctic reported net revenues of SEK 133.3 million, a significant increase from SEK 76.6 million in the same period last year. Royalties from Leqembi accounted for SEK 117.2 million, up from SEK 69.8 million [6]. - The company experienced an operating loss of SEK 28.8 million, compared to a loss of SEK 26.1 million in the previous year. The profit for the period was SEK -86.9 million, compared to SEK -19.6 million [6]. - Cash flow from operating activities improved to SEK -41.2 million from SEK -80.3 million, with cash and cash equivalents at SEK 1,882.0 million, up from SEK 804.5 million [6]. Product Development and Market Expansion - Leqembi sales showed a quarter-on-quarter growth of approximately 14%, adjusted for stocking effects in China. The drug is now approved in over 50 countries, with recent approvals in Australia, Canada, and India [4]. - Regulatory approval for monthly intravenous maintenance treatment in China was achieved, marking the fifth market for this dosing regimen. The US also approved weekly subcutaneous maintenance dosing for Leqembi Iqlik [5][6]. - BioArctic's pipeline includes ongoing studies for Exidavnemab and other early projects targeting neurodegenerative diseases, with expectations for results after summer 2026 [11]. Strategic Collaborations - The collaboration with Novartis includes an upfront payment of USD 30 million and aims to combine BioArctic's BrainTransporter technology with Novartis' proprietary antibody for neurodegenerative treatments [6][10]. - The partnership is seen as a significant step in enhancing treatment options for patients and expanding the company's reach in the neurodegenerative disease market [7][10]. Research and Development - New data on lecanemab was presented at the AAIC congress, focusing on long-term efficacy and safety, as well as real-world evidence [6]. - BioArctic is also venturing into Huntington's disease research, aiming to develop disease-modifying treatments, which currently have no available options [12].
Alterity Therapeutics to Present at the Bell Potter Healthcare Virtual Conference
Globenewswire· 2025-11-12 12:25
Core Insights - Alterity Therapeutics is focused on developing disease-modifying treatments for neurodegenerative diseases, particularly Parkinson's disease and related disorders [2][4] - The company will present a corporate update at the Bell Potter Healthcare Conference on November 19, 2025, for Australian participants and November 18, 2025, for U.S. participants [1][2] - Alterity's lead asset, ATH434, has shown clinically meaningful efficacy in a Phase 2 clinical trial for Multiple System Atrophy (MSA), a rare and rapidly progressive Parkinsonian disorder [2] Company Overview - Alterity Therapeutics is a clinical-stage biotechnology company based in Melbourne, Australia, and San Francisco, California, dedicated to creating treatments for neurodegenerative diseases [2] - The company has a drug discovery platform that generates patentable chemical compounds aimed at treating the underlying pathology of neurological diseases [2] Clinical Development - ATH434 has recently reported positive data from an open-label Phase 2 clinical trial in advanced MSA, indicating progress in the company's drug development program [2] - The company is committed to developing therapies that can modify the course of neurodegenerative diseases, with a specific focus on Parkinson's disease [2]
Alterity Therapeutics Presents Promising Impact of ATH434 on Orthostatic Hypotension and Disease Progression in MSA at the 36th International Symposium on the Autonomic Nervous System
Globenewswire· 2025-11-10 12:25
Core Insights - Alterity Therapeutics announced promising results from the ATH434-201 Phase 2 clinical trial for Multiple System Atrophy (MSA), highlighting the drug's potential to impact treatment and disease progression significantly [1][2] Group 1: Clinical Trial Results - The ATH434-201 trial was a randomized, double-blind, placebo-controlled study involving 77 adults, assessing the efficacy, safety, and pharmacokinetics of ATH434 over 12 months [8] - Severe orthostatic hypotension (OH) was observed in 29.2% of participants in the 75 mg dose group, compared to 4% in the 50 mg group and 4.5% in the placebo group, indicating a significant baseline difference [4] - The efficacy signal in the 75 mg dose group improved from -2.4 to -2.8 points when controlling for OH, enhancing the relative treatment effect from 30% to 35% [4] Group 2: Efficacy and Safety - ATH434 demonstrated stability in OH symptoms across both dose groups, while placebo patients worsened by approximately 6 points over 52 weeks [5] - The drug showed clinically and statistically significant improvements on the modified Unified Multiple System Atrophy Rating Scale (UMSARS) Part I, indicating its potential effectiveness in managing MSA symptoms [8] - ATH434 was well tolerated, with adverse event rates similar to placebo and no serious adverse events attributed to the drug [8] Group 3: Future Development - The company is actively planning Phase 3 trials and preparing for interactions with the FDA, aiming to bring a meaningful treatment option to MSA patients [2][7] - ATH434 has received Fast Track Designation and Orphan Drug Designation from the FDA and the European Commission, underscoring its potential as a treatment for MSA [7] Group 4: Background on MSA - Multiple System Atrophy (MSA) is a rare neurodegenerative disease affecting up to 50,000 individuals in the U.S., characterized by autonomic dysfunction and rapid disease progression [9] - Currently, there are no approved drugs that can slow the progression of MSA, highlighting the need for effective treatments like ATH434 [9] Group 5: Company Overview - Alterity Therapeutics is focused on developing disease-modifying therapies for neurodegenerative diseases, with ATH434 as its lead candidate showing promising clinical efficacy [10] - The company is based in Melbourne, Australia, and San Francisco, California, and is dedicated to creating innovative treatments for patients with neurodegenerative conditions [10]
MediciNova Wins Contract Research and Development Innovation Award at 2025 BioTech Breakthrough Awards
Globenewswire· 2025-11-06 23:00
Core Insights - MediciNova, Inc. has been awarded the "Contract Research and Development Innovation Award" at the Fifth Annual BioTech Breakthrough Awards for its innovative work on MN-166 (ibudilast) [1][2][3] Company Overview - MediciNova is a clinical-stage biopharmaceutical company focused on developing small molecule therapies for inflammatory, fibrotic, and neurodegenerative diseases [4] - The company has a late-stage pipeline that includes 11 clinical programs, with MN-166 being the lead asset currently in Phase 3 trials for amyotrophic lateral sclerosis (ALS) and degenerative cervical myelopathy (DCM) [4] - MN-166 is also being evaluated in Phase 2 trials for Long COVID and substance dependence, while MN-001 (tipelukast) is in Phase 2 trials for idiopathic pulmonary fibrosis (IPF) and non-alcoholic fatty liver disease (NAFLD) [4] Product Development - MN-166 is designed to inhibit neuroinflammation and promote neuroprotection, targeting several neurological diseases with limited treatment options, including ALS [2][3] - The ongoing Phase 2/3 COMBAT-ALS trial of MN-166 reflects the company's commitment to addressing unmet medical needs in ALS [3] Industry Recognition - The BioTech Breakthrough Awards program recognizes innovative companies and technologies in the life sciences and biotechnology sectors, highlighting excellence in biopharma, therapeutics, genomics, diagnostics, and research tools [3]
NeuroSense to Host Investor Webinar on December 8, 2025
Prnewswire· 2025-11-03 14:15
Core Insights - NeuroSense Therapeutics is hosting an investor update meeting on December 8, 2025, to discuss its near-term milestones and objectives [1] Company Overview - NeuroSense Therapeutics, Ltd. is a clinical-stage biotechnology company focused on developing treatments for severe neurodegenerative diseases, including ALS, Alzheimer's, and Parkinson's disease [2] - The company aims to address significant unmet medical needs in neurodegenerative diseases by developing combined therapies that target multiple pathways [2] Upcoming Developments - The company plans to initiate the Phase 3 PARAGON study for ALS and submit a Notice of Compliance with conditions (NOC/c) in Canada [5] - Updates will also include the status of a binding term sheet executed in December 2024 and the RoAD Phase 2 program for Alzheimer's disease [5]
Clene to Participate in a Panel Discussion at the Maxim Growth Summit
Globenewswire· 2025-10-15 12:30
Core Insights - Clene Inc. and its subsidiary Clene Nanomedicine Inc. are participating in a panel discussion focused on neurodegenerative diseases at the Maxim Growth Summit, highlighting their commitment to addressing challenging therapeutic areas [1][2] - The company is advancing its investigational therapy CNM-Au8, which targets mitochondrial function and the NAD pathway to improve neuronal health and combat diseases like ALS and MS [2] Company Overview - Clene Inc. is a late clinical-stage biopharmaceutical company based in Salt Lake City, Utah, with R&D and manufacturing operations in Maryland [2] - The company specializes in therapies aimed at improving mitochondrial health and protecting neuronal function, specifically for neurodegenerative diseases such as ALS, Parkinson's disease, and MS [2] Product Information - CNM-Au8 is a first-in-class investigational therapy designed to enhance the survival and function of central nervous system cells by reducing oxidative stress and targeting mitochondrial function [2]
Alterity Therapeutics Presents Positive Data from ATH434 Phase 2 Trial at the 2025 International Congress of Parkinson’s Disease and Movement Disorders
Globenewswire· 2025-10-09 11:25
Core Insights - The data from the ATH434-201 Phase 2 clinical trial indicates that ATH434 slows disease progression and stabilizes orthostatic hypotension in patients with Multiple System Atrophy (MSA) [1][2] - New analyses presented at the MDS conference enhance confidence in the trial results, particularly regarding the efficacy of the 75 mg dose of ATH434 [2][3] - Advanced neuroimaging and biomarker analysis improve understanding of MSA diagnosis and disease tracking [1][7] Company Overview - Alterity Therapeutics is focused on developing disease-modifying treatments for neurodegenerative diseases, particularly MSA [1][14] - The company has demonstrated clinically meaningful efficacy for ATH434 in a randomized, double-blind, placebo-controlled Phase 2 clinical trial [14] - ATH434 has received Fast Track Designation and Orphan Drug Designation from the FDA for the treatment of MSA [10][14] Clinical Trial Details - The ATH434-201 trial involved 77 adults, randomized to receive either 50 mg or 75 mg of ATH434 or a placebo, administered twice daily for 12 months [12] - Results showed a 48% relative treatment effect at the 50 mg dose and a 30% relative treatment effect at the 75 mg dose on the modified UMSARS I scale at 52 weeks [3][12] - The trial also indicated that ATH434 was well tolerated, with similar adverse event rates compared to placebo [6][12] Efficacy and Safety Findings - ATH434 demonstrated a clinically significant reduction in disease severity on the UMSARS I scale, with improvements in daily living activities [3][6] - The treatment showed beneficial effects on orthostatic hypotension symptoms, with patients in the placebo group worsening while those on ATH434 remained stable [5][6] - Neuroimaging data indicated reduced iron accumulation in brain regions affected by MSA, suggesting target engagement [6][10] Diagnostic Advancements - The trial utilized state-of-the-art neuroimaging and biomarkers to refine MSA diagnosis and track disease evolution across its clinical phenotypes [2][7] - A multimodal approach combining α-synuclein aggregation profiles with clinical and imaging data may enhance diagnostic accuracy in MSA [7][8] - The study found a 90% concordance between clinical classification and quantitative MRI assessments, highlighting the value of imaging in diagnosis [8]
Alterity Therapeutics to Deliver Multiple Presentations at the 2025 International Congress of Parkinson’s Disease and Movement Disorders
Globenewswire· 2025-10-02 11:35
Core Insights - Alterity Therapeutics is set to present data from its ATH434-201 Phase 2 clinical trial for Multiple System Atrophy (MSA) at the 2025 International Congress of Parkinson's Disease and Movement Disorders [1][2] Company Overview - Alterity Therapeutics is a biotechnology company focused on developing disease-modifying treatments for neurodegenerative diseases, particularly MSA and Parkinson's disease [4][8] - The company has demonstrated clinically meaningful efficacy for its lead asset, ATH434, in a randomized, double-blind, placebo-controlled Phase 2 clinical trial [8] ATH434 Details - ATH434 is an oral agent designed to inhibit the aggregation of pathological proteins involved in neurodegeneration, specifically targeting α-synuclein pathology [4] - Preclinical studies have shown that ATH434 can reduce α-synuclein pathology and preserve neuronal function by restoring normal iron balance in the brain [4] - The drug has received Fast Track Designation and Orphan Drug Designation from the FDA for the treatment of MSA [4] ATH434-201 Phase 2 Clinical Trial - The ATH434-201 trial was a randomized, double-blind, placebo-controlled study involving 77 adults, assessing the efficacy, safety, and pharmacokinetics of ATH434 over 12 months [5][6] - Results indicated that ATH434 led to clinically and statistically significant improvements on the modified Unified Multiple System Atrophy Rating Scale (UMSARS) Part I compared to placebo [6] - Wearable sensors were used to evaluate motor activities, showing increased activity in outpatient settings for those receiving ATH434 [6] Presentation Details - The data will be presented in an oral session titled "ATH434 Slowed Disease Progression in a Phase 2 Study in Multiple System Atrophy" by CEO David Stamler on October 8, 2025 [3] - Additional poster presentations will cover topics such as the relationship between α-synuclein aggregation profiles and disease severity, and differences between clinical and imaging phenotypes in MSA [3]