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Acumen Pharmaceuticals Appoints George Golumbeski, Ph.D., as Chairman of its Board of Directors
Globenewswire· 2025-11-10 13:00
Core Insights - Acumen Pharmaceuticals has appointed Dr. George Golumbeski as Chairman of its Board of Directors, bringing over 30 years of biopharmaceutical experience to the company [1][2] - The company is focused on developing novel therapeutics targeting toxic soluble amyloid beta oligomers (AβOs) for Alzheimer's disease treatment, with ongoing Phase 2 trials for its product candidate, sabirnetug (ACU193) [3] Company Overview - Acumen Pharmaceuticals is a clinical-stage biopharmaceutical company dedicated to developing treatments for Alzheimer's disease, specifically targeting AβOs, which are implicated in the disease's pathology [3] - The company is advancing its investigational product candidate, sabirnetug, in the ALTITUDE-AD Phase 2 clinical trial, following positive results from its Phase 1 trial [3] - Acumen is also exploring a subcutaneous formulation of sabirnetug using Halozyme's ENHANZE® drug delivery technology and collaborating with JCR Pharmaceuticals on an Enhanced Brain Delivery therapy [3] Leadership and Strategic Direction - Dr. Golumbeski's experience includes significant roles in business development at Celgene, Novartis, and Elan Pharmaceuticals, with a focus on neurology and neurodegeneration [2] - The addition of Dr. Golumbeski expands Acumen's Board to eight members, aligning with the company's growth objectives and upcoming catalysts in its clinical programs [1][2]
2 Monster Stocks in the Making
The Motley Fool· 2025-11-10 09:45
Core Insights - The article emphasizes the potential of investing in smaller, lesser-known biotech companies alongside established market leaders, highlighting Viking Therapeutics and Axsome Therapeutics as promising candidates for growth in the biotech sector [1][2]. Viking Therapeutics - The weight loss market is projected to grow from $15 billion last year to $150 billion by 2035, driven by breakthroughs and increasing demand for obesity-related treatments [3]. - Viking Therapeutics is developing VK2735, a dual GLP-1/GIP agonist, currently in phase 3 trials for subcutaneous use, with promising efficacy observed in mid-stage trials for an oral formulation [4]. - The company is also working on another weight-loss candidate in preclinical studies and plans to initiate human clinical trials next year, alongside VK2809, which has completed phase 2 studies for metabolic dysfunction-associated steatohepatitis [7]. Axsome Therapeutics - Axsome Therapeutics has achieved significant clinical and regulatory advancements, with third-quarter revenue reaching $171 million, a 63% year-over-year increase, primarily due to its depression medication, Auvelity [9]. - Auvelity, launched in 2022, is expected to achieve blockbuster status in treating depression and is awaiting approval for use in Alzheimer's disease agitation, with potential peak sales estimated between $1.5 billion to $3 billion [10][11]. - The company has a robust pipeline with other approved products and ongoing late-stage trials, including AXS-12 for narcolepsy and AXS-14 for fibromyalgia, which are expected to enhance financial performance [12][13].
Prothena Q3 Earnings Miss Estimates, Pipeline Progress in Focus
ZACKS· 2025-11-07 16:36
Core Insights - Prothena Corporation (PRTA) reported a third-quarter 2025 adjusted loss per share of 67 cents, which was wider than the Zacks Consensus Estimate of a loss of 60 cents, compared to a loss of $1.10 per share in the same quarter last year [1][7] - Revenues for the quarter totaled $2.4 million, significantly missing the Zacks Consensus Estimate of $25 million, and up from $0.1 million in the year-ago quarter [1][7] Financial Performance - Research and development (R&D) expenses decreased by 42.9% year over year to $28.9 million, attributed to lower clinical trial, manufacturing, personnel, and consulting expenses [4] - General and administrative expenses were reported at $13.2 million, down 21% year over year [4] - As of September 30, 2025, Prothena had $331.7 million in cash, cash equivalents, and restricted cash, with no debt [4][7] Pipeline Developments - Prothena is collaborating with Roche to evaluate prasinezumab for the treatment of Parkinson's disease, with Roche set to initiate the late-stage PARAISO study by the end of 2025, expecting peak sales potential of over $3.5 billion [5] - Novo Nordisk has acquired Prothena's clinical-stage antibody, Coramitug, for treating ATTR amyloidosis with cardiomyopathy, and has initiated the late-stage CLEOPATTRA study [6] - Prothena is advancing an early-stage pipeline for neurological indications in collaboration with Bristol Myers Squibb (BMY), including BMS-986446, which has received Fast Track designation from the FDA for Alzheimer's disease [8][9] Future Expectations - Prothena anticipates earning a clinical milestone when enrollment criteria are met in the ongoing phase III study by Novo Nordisk [8] - The company expects a net cash burn from operating and investing activities in 2025 to be between $170 million and $178 million, with a projected year-end cash balance of approximately $298 million [12] - The projected net loss for 2025 is estimated to be in the range of $240 million to $248 million [12]
Anavex Life Sciences Announces Continued Long-Term Benefit from Oral Blarcamesine Compared to Decline Observed in the Alzheimer’s Disease Neuroimaging Initiative (ADNI) Control Group
Globenewswire· 2025-10-29 11:30
Core Insights - Anavex Life Sciences Corp. announced new findings for blarcamesine, an oral small molecule for the potential treatment of early Alzheimer's disease, demonstrating significant cognitive benefits compared to the ADNI control group [1][2][5] Group 1: Clinical Trial Results - In the intent-to-treat population, blarcamesine showed a significant reduction in cognitive decline at 48 weeks with a mean change from baseline ADAS-Cog13 total score of -2.68 points (p < 0.0001) compared to the ADNI control group [4] - At 96 weeks, the difference in mean change in ADAS-Cog13 total score was -6.41 points (p < 0.0001), and this difference increased to -12.78 points at 144 weeks (p < 0.0001) [5][7] - The treatment resulted in 77.4 weeks (approximately 17.8 months) of 'time saved' in the ITT population compared to the ADNI control group, emphasizing the real-world impact of the treatment on patients' daily lives [9][10] Group 2: Mechanism of Action - Blarcamesine was confirmed to restore impaired autophagy, acting upstream of amyloid-beta and tau pathologies, which are critical in Alzheimer's disease progression [11][12] - The mechanism involves SIGMAR1 activation, enhancing autophagic flux and proteostasis capacity, which may ameliorate symptoms associated with protein aggregation [12] Group 3: Company Perspective - The company expressed optimism about the significant clinical improvements and the favorable safety profile of blarcamesine, highlighting its potential as a scalable and patient-friendly treatment option for early Alzheimer's disease [13] - Anavex plans to present this new data at international Alzheimer's disease conferences, aiming to advance treatment strategies for this chronic condition [13]
Health Canada Grants Authorization for Leqembi® (lecanemab)
Prnewswire· 2025-10-27 02:56
Accessibility StatementSkip Navigation STOCKHOLM, Oct. 26, 2025 /PRNewswire/ --Â BioArctic AB's (publ) (Nasdaq Stockholm: BIOA B) partner Eisai announced today that Health Canada has issued a Notice of Compliance with Conditions (NOC/c) for Leqembi® (lecanemab) for the treatment of adult patients with a clinical diagnosis of mild cognitive impairment or mild dementia due to Alzheimer's disease (early AD) who are apolipoprotein E 4 (ApoE 4) non-carriers or heterozygotes and who have confirmed amyloid patholo ...
Health Canada Grants Authorization for “LEQEMBI®” (lecanemab) for the Treatment of Early Alzheimer’s Disease
Globenewswire· 2025-10-26 23:30
Core Insights - Health Canada has issued a Notice of Compliance with Conditions for LEQEMBI (lecanemab), marking it as the first treatment for early Alzheimer's disease (AD) targeting an underlying cause of the disease [1][3] - LEQEMBI has shown significant efficacy in reducing the rate of disease progression and slowing cognitive decline in adults with AD, with approvals in 51 countries and regions [2][11] Group 1: Product Information - LEQEMBI selectively binds to both soluble and insoluble amyloid-beta aggregates, reducing Aβ protofibrils and plaques in the brain [2] - The approval of LEQEMBI is based on the Phase 3 Clarity AD study, which met its primary and key secondary endpoints with statistically significant results [3][10] - In the Clarity AD study, LEQEMBI reduced clinical decline on the Clinical Dementia Rating Sum of Boxes (CDR-SB) by 27% at 18 months compared to placebo [10] Group 2: Market Context - Alzheimer's disease accounts for 60 to 80% of all dementia cases, with over 771,000 patients in Canada as of January 1, 2025, projected to rise to approximately 1 million by 2030 [4] - The annual care provided by family and friends for dementia patients is equivalent to 290,000 full-time jobs, expected to increase to 690,000 by 2050 [4] Group 3: Collaboration and Development - Eisai leads the global development and regulatory submissions for lecanemab, with Biogen co-commercializing and co-promoting the product [5][14] - Eisai and BioArctic have collaborated since 2005 on the development and commercialization of AD treatments, with Eisai obtaining global rights for lecanemab in 2007 [15]
LEQEMBI® IQLIK™(lecanemab-irmb) Subcutaneous Autoinjector Named to TIME's “Best Inventions of 2025”
Globenewswire· 2025-10-13 23:30
Core Insights - LEQEMBI IQLIK™, a subcutaneous autoinjector formulation of lecanemab for Alzheimer's disease treatment, has been recognized by TIME as one of the "Best Inventions of 2025" in the Medical and Healthcare category [1][2] Product Overview - LEQEMBI IQLIK is the first anti-amyloid treatment allowing at-home injections, enabling patients to continue treatment after an initial 18-month period [3] - The treatment was approved in the U.S. in August 2025 and launched on October 6, 2025 [3] - It offers a quick administration time of approximately 15 seconds, reducing the need for infusion center visits and associated healthcare resources [3] Clinical Background - LEQEMBI is the first approved anti-amyloid treatment shown to slow cognitive and functional decline in early Alzheimer's disease [4] - It has been approved in 50 countries and is under regulatory review in 10 additional countries [4][28] - The treatment's efficacy was demonstrated in the Clarity AD clinical trial, where it reduced clinical decline on the Clinical Dementia Rating Sum of Boxes (CDR-SB) by 27% at 18 months compared to placebo [29] Safety and Efficacy - The safety profile of LEQEMBI IQLIK is similar to that of the intravenous formulation, with a lower incidence of systemic reactions [31] - Common adverse reactions include infusion-related reactions (26% with LEQEMBI vs. 7% with placebo), ARIA-H (14% vs. 8%), and ARIA-E (13% vs. 2%) [25] - The incidence of amyloid-related imaging abnormalities (ARIA) was observed at 21% for LEQEMBI compared to 9% for placebo [11] Collaboration and Development - Eisai leads the global development and regulatory submissions for LEQEMBI, with Biogen co-commercializing and co-promoting the product [5][33] - The collaboration between Eisai and BioArctic has been ongoing since 2005, focusing on the development of Alzheimer's treatments [34]
Anavex Life Sciences Announces Presentation at the 35th Alzheimer Europe Conference ‘Connecting Science and Communities: The Future of Dementia Care'
Globenewswire· 2025-10-10 11:30
Core Insights - Anavex Life Sciences Corp. presented advancements in Alzheimer's disease care through its oral drug candidate, blarcamesine, at the 35th Alzheimer Europe Conference [1] Company Overview - Anavex Life Sciences Corp. is a clinical-stage biopharmaceutical company focused on innovative treatments for neurodegenerative, neurodevelopmental, and neuropsychiatric disorders, including Alzheimer's disease and Parkinson's disease [3] - The lead drug candidate, ANAVEX2-73 (blarcamesine), has completed Phase 2a and Phase 2b/3 clinical trials for Alzheimer's disease and has shown potential in treating other CNS disorders [3] - The drug is designed to restore cellular homeostasis by targeting SIGMAR1 and muscarinic receptors, with preclinical studies indicating its ability to halt or reverse Alzheimer's disease progression [3] Clinical Development - ANAVEX2-73 has demonstrated various properties such as anticonvulsant, anti-amnesic, neuroprotective, and anti-depressant effects in animal models, suggesting its potential for broader CNS applications [3] - The company has received funding from the Michael J. Fox Foundation for research on ANAVEX2-73 in Parkinson's disease [3] - Another candidate, ANAVEX3-71, is in clinical stages and shows promise in addressing major Alzheimer's disease hallmarks, including cognitive deficits and amyloid and tau pathologies [3]
Can BMYs Neuroscience Portfolio Help to Diversify Its Business?
ZACKS· 2025-10-08 16:01
Core Insights - Bristol Myers (BMY) is focusing on expanding its pipeline due to the negative impact of generics on its legacy portfolio, particularly Revlimid, Pomalyst, Sprycel, and Abraxane [1] - The FDA has granted Fast Track Designation to BMS-986446, an anti-MTBR-tau antibody in phase II development for early Alzheimer's disease [1][10] - BMY's neuroscience portfolio has been enhanced by the FDA approval of xanomeline and trospium chloride (Cobenfy) for schizophrenia, with initial sales of $62 million in the first half of 2025 [2][3] Neuroscience Pipeline - Cobenfy is undergoing registrational trials for Alzheimer's disease, including studies on psychosis, agitation, and cognitive impairment, and is also in a phase III study for bipolar 1 disorder [4] - The drug is expected to be a significant growth driver for BMY as it seeks label expansions into new indications [4] - BMY's neuroscience pipeline includes candidates for neurodegenerative diseases (BMS-986495) and treatments for multiple sclerosis, mood, and anxiety disorders [5] Competitive Landscape - BMY's Alzheimer's candidates will face competition from existing products like Eli Lilly's Kisunla and Biogen and Eisai's Leqembi upon potential approval [6] - Eli Lilly's Kisunla was approved for early symptomatic Alzheimer's disease, and ongoing trials are evaluating its efficacy in preclinical stages [7][8] Financial Performance - BMY's shares have declined by 17.1% year-to-date, contrasting with the industry's growth of 10.4% [9] - The company is trading at a price/earnings ratio of 7.24X forward earnings, below its historical mean of 8.45X and the large-cap pharma industry's average of 15.87X [11] - The bottom-line estimate for 2025 has increased to $6.51 from $6.46, while the estimate for 2026 has decreased to $6.06 from $6.07 [13]
Leqembi® Iqlik™ (lecanemab-irmb) maintenance treatment launched in the U.S.
Prnewswire· 2025-10-06 22:02
Core Insights - BioArctic AB's partner Eisai has launched lecanemab-irmb (Leqembi Iqlik) as a subcutaneous injection for maintenance treatment of Alzheimer's disease in the U.S. after an initial 18-month intravenous treatment [1][7] - Leqembi is the first anti-amyloid treatment that allows at-home injections, enhancing patient convenience and potentially reducing healthcare resource utilization [3][7] - The Leqembi Companion program has been introduced to support patients throughout their treatment journey, providing resources for insurance, financial support, and injection education [1][2] Company Overview - BioArctic AB is a Swedish biopharma company focused on innovative treatments for neurodegenerative diseases, including Alzheimer's disease [10] - The company has a long-standing collaboration with Eisai, which is responsible for the clinical development and commercialization of Leqembi globally [4][9] - BioArctic retains commercialization rights for Leqembi in the Nordic region and has no development costs associated with the drug [9] Product Details - Lecanemab targets both amyloid plaque and protofibrils, which are implicated in the neurodegeneration process of Alzheimer's disease [2][6] - The treatment is approved in 50 countries, including the U.S., Japan, China, and the EU, with ongoing regulatory reviews in 8 additional countries [7] - The Leqembi Iqlik device allows patients to self-administer the treatment at home, which may streamline the overall treatment pathway for Alzheimer's disease [3][7] Clinical Studies - Eisai's Phase 3 clinical study (AHEAD 3-45) is ongoing, focusing on individuals with preclinical Alzheimer's disease, and aims to further evaluate the efficacy of lecanemab [8] - The Tau NexGen clinical study for Dominantly Inherited Alzheimer's Disease (DIAD) is also ongoing, incorporating lecanemab as a key treatment component [8]