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Biotech Stocks Surge After Hours On Trial Updates And Strategic Moves
RTTNews· 2025-09-24 04:12
Core Insights - After-hours trading in the biotech and therapeutics sector saw significant price movements, particularly among small- and mid-cap companies, driven by clinical updates and strategic announcements [1] Company Summaries - **Cyclerion Therapeutics, Inc. (CYCN)**: Shares surged 48.01% to $4.47 after announcing a strategic relaunch focused on neuropsychiatric therapies, including a licensing agreement with MIT for its treatment-resistant depression program. The stock had closed at $3.02, down 0.66% during regular trading. A Phase 2 trial for the TRD program is expected to start in 2026, with initial data anticipated in 2027 [2][3] - **Clearside Biomedical Inc. (CLSD)**: The stock rose 6.82% to $4.23 after a regular session close of $3.96, despite a 9.79% decline during the day. The increase followed presentations at the EURETINA Congress regarding its Phase 2b ODYSSEY trial for wet age-related macular degeneration. The next key catalyst is the initiation of the Phase 3 trial, incorporating FDA feedback [3][4] - **Reviva Pharmaceuticals Holdings Inc. (RVPH)**: Shares increased by 11.50% to $0.32 after closing at $0.287, following a 6.61% decline during regular trading. The price action comes ahead of the company's participation in the Lytham Partners Fall 2025 Investor Conference [4][5] - **Acumen Pharmaceuticals, Inc. (ABOS)**: The stock advanced 5.69% to $1.30 after a regular session close of $1.23, despite a 3.91% decline during the day. The company reported that topline data from its Phase 2 ALTITUDE-AD trial is on track for late 2026 and plans to decide on advancing a preclinical candidate in early 2026 [5][6] - **PepGen Inc. (PEPG)**: Shares rose 5.13% to $2.05 after closing at $1.95, following an 8.02% decline during the day. The company completed patient dosing in its Phase 1 FREEDOM-DM1 trial and is on track to report topline data in early Q4 2025 [6][7] - **Corcept Therapeutics Inc. (CORT)**: The stock gained 4.54% to $87.10 after a regular session close of $83.32. The company announced it will present late-breaking data from its Phase 3 ROSELLA trial at the 2025 ESMO Annual Meeting. Two upcoming PDUFA dates were confirmed for relacorilant in hypercortisolism and platinum-resistant ovarian cancer [7][8][9]
Acumen Pharmaceuticals Reports Second Quarter 2025 Financial Results and Business Highlights
GlobeNewswire News Room· 2025-08-12 11:00
Core Viewpoint - Acumen Pharmaceuticals is advancing its clinical-stage biopharmaceutical efforts focused on developing novel therapeutics targeting toxic soluble amyloid beta oligomers (AβOs) for Alzheimer's disease treatment, with significant operational progress and financial updates reported for Q2 2025 [1][2]. Recent Highlights - The company expects to report topline results for the ALTITUDE-AD Phase 2 study investigating sabirnetug (ACU193) for early Alzheimer's disease in late 2026 [4]. - A decision to advance an oligomer-targeted Enhanced Brain Delivery (EBDTM) product candidate is anticipated in early 2026 [4]. - As of June 30, 2025, Acumen had cash, cash equivalents, and marketable securities totaling $166.2 million, projected to support operations into early 2027 [4]. Financial Results - Research and Development (R&D) expenses for Q2 2025 were $37.1 million, up from $19.5 million in Q2 2024, primarily due to increased manufacturing and clinical trial costs [10]. - General and Administrative (G&A) expenses decreased slightly to $4.6 million in Q2 2025 from $4.8 million in Q2 2024 [10]. - The net loss for Q2 2025 was $41.0 million, compared to a net loss of $20.5 million in Q2 2024 [10]. Operational Innovations - Acumen implemented a two-step screening process in the ALTITUDE-AD trial using plasma pTau217 biomarker assay testing, achieving approximately 40% reduction in total screening costs across U.S. and Canadian sites [5]. - Sabirnetug demonstrated an 8,750-fold selectivity for Aβ1-42 stabilized oligomers over Aβ1-40 monomers, supporting its mechanism of action [5]. Collaboration and Development - Acumen entered a collaboration with JCR Pharmaceuticals to develop an oligomer-targeted Enhanced Brain Delivery therapy, combining sabirnetug with JCR's blood-brain barrier-penetrating technology [5].
Acumen Pharmaceuticals to Report Second Quarter 2025 Financial Results on August 12, 2025
GlobeNewswire News Room· 2025-08-05 20:00
Company Overview - 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 [3] - The company is advancing its investigational product candidate, sabirnetug (ACU193), a humanized monoclonal antibody, currently in Phase 2 clinical trial ALTITUDE-AD for early symptomatic Alzheimer's disease patients [3] - Acumen's scientific founders have pioneered research on amyloid beta oligomers, which are recognized as early triggers of Alzheimer's disease pathology [3] Recent Developments - Acumen Pharmaceuticals will report its second quarter 2025 financial results on August 12, 2025, and will host a conference call and live audio webcast at 8:00 a.m. ET for a business and financial update [1] - The company is also investigating a subcutaneous formulation of sabirnetug using Halozyme's ENHANZE® drug delivery technology [3] - Acumen is collaborating with JCR Pharmaceuticals to develop an Enhanced Brain Delivery therapy for Alzheimer's disease utilizing a transferrin-receptor-targeting technology [3]
Acumen Pharmaceuticals Presents Studies Showing the Utility of a pTau217 Assay in Screening for a Phase 2 Alzheimer’s Disease Trial and Validates Sabirnetug Oligomer-Selectivity, at the Alzheimer’s Association International Conference (AAIC) 2025
Globenewswire· 2025-07-28 12:00
Core Insights - Acumen Pharmaceuticals has reported a 40% reduction in clinical trial screening costs through the implementation of a blood-based pTau217 screening assay in its Phase 2 ALTITUDE-AD study for early Alzheimer's disease [1][3][4] - The company’s investigational product, sabirnetug, has demonstrated superior selectivity for soluble amyloid beta oligomers (AβOs) compared to other treatments, indicating a differentiated mechanism of action [5][6] Company Overview - Acumen Pharmaceuticals is focused on developing therapies targeting toxic soluble amyloid beta oligomers (AβOs) for Alzheimer's disease, with its lead candidate being sabirnetug (ACU193) [10] - The company has received Fast Track designation from the U.S. FDA for sabirnetug, which is currently in a Phase 2 clinical trial [7][10] Clinical Trial Details - The ALTITUDE-AD trial is a multi-center, randomized, double-blind, placebo-controlled study designed to evaluate the efficacy and safety of sabirnetug in slowing cognitive decline in early Alzheimer's disease patients [9] - The trial has enrolled 542 participants across the U.S., Canada, the EU, and the UK, with a focus on improving patient-centric and cost-effective trial execution strategies [9][2] Screening Process Efficiency - The two-step screening process using plasma pTau217 biomarker testing resulted in 48% of participants meeting the threshold for confirmatory testing, with 81% of those passing the initial screening meeting amyloid positivity eligibility [4][3] - This innovative approach has led to strong enrollment rates and reduced the need for unnecessary amyloid PET scans and lumbar punctures [4][3] Mechanism of Action - Sabirnetug targets soluble AβOs, which are believed to be a significant factor in the neurodegenerative process of Alzheimer's disease, potentially slowing neurodegeneration and preventing synapse loss [5][7] - The product has shown an 8,750-fold selectivity for Aβ1-42 stabilized oligomers over Aβ1-40 monomers, highlighting its targeted action [6]
Acumen Pharmaceuticals and JCR Pharmaceuticals Enter Strategic Collaboration, Option and License Agreement to Develop Enhanced Brain Delivery™ Therapy for Alzheimer’s Disease
Globenewswire· 2025-07-15 11:00
Core Viewpoint - Acumen Pharmaceuticals has entered into a collaboration with JCR Pharmaceuticals to develop an Enhanced Brain Delivery therapy targeting amyloid beta oligomers for Alzheimer's disease treatment [1][2][3] Company Overview - Acumen Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing therapies targeting toxic soluble amyloid beta oligomers (AβOs) for Alzheimer's disease [1][13] - The lead program, sabirnetug (ACU193), is a humanized monoclonal antibody that selectively targets AβOs, which are linked to neurodegeneration in Alzheimer's disease [4][11] Collaboration Details - The collaboration aims to combine Acumen's AβO-targeted antibody expertise with JCR's blood-brain barrier-penetrating technology, J-Brain Cargo, to enhance therapeutic delivery to the brain [2][7] - Acumen has an exclusive option to develop up to two candidates from this collaboration, with preclinical data expected in early 2026 [7][10] Technology Insights - J-Brain Cargo technology utilizes receptor-mediated transcytosis to deliver drugs to the central nervous system, applicable to various therapeutic modalities [3][14] - JCR's technology has previously led to an approved therapy in Japan, demonstrating its efficacy and safety profile [3][14] Clinical Trials - Acumen is currently conducting the ALTITUDE-AD Phase 2 clinical trial, which has enrolled 542 patients with early Alzheimer's disease, with topline results expected in late 2026 [5][12] - The Phase 1 INTERCEPT-AD trial showed that sabirnetug was well-tolerated and demonstrated significant amyloid plaque reduction compared to placebo [4][5] Financial Terms - Under the collaboration agreement, JCR will receive an upfront payment and may earn additional payments based on development milestones and royalties from future sales [10]
Acumen Pharmaceuticals Reports First Quarter 2025 Financial Results and Business Highlights
Globenewswire· 2025-05-13 11:00
Core Insights - Acumen Pharmaceuticals is focused on developing sabirnetug (ACU193), a novel therapeutic targeting toxic soluble amyloid beta oligomers for Alzheimer's disease treatment [2][12][14] - The company reported a net loss of $28.8 million for Q1 2025, an increase from $14.9 million in Q1 2024, primarily due to rising R&D expenses [9][21] - Acumen's cash, cash equivalents, and marketable securities totaled $197.9 million as of March 31, 2025, expected to support operations into early 2027 [6][8] Business Update - The Phase 2 study, ALTITUDE-AD, is fully enrolled with 542 participants, and topline results are anticipated in late 2026 [2][4][13] - The company presented at the International Conference on Alzheimer's and Parkinson's Diseases, showcasing the effectiveness of the plasma pTau217 assay in screening participants for ALTITUDE-AD [7] Financial Performance - R&D expenses for Q1 2025 were $25.3 million, up from $12.4 million in Q1 2024, reflecting increased clinical trial costs [8][21] - General and administrative expenses slightly decreased to $5.1 million in Q1 2025 from $5.3 million in Q1 2024 [8][21] - The total operating expenses for Q1 2025 were $30.4 million, compared to $17.8 million in Q1 2024 [8][21] Cash Flow and Balance Sheet - The company reported a net cash used in operating activities of $34.1 million for Q1 2025 [24] - Cash and cash equivalents at the end of Q1 2025 were $30.4 million, down from $47.2 million at the end of Q1 2024 [24]
Acumen Pharmaceuticals to Participate in the Bank of America Healthcare Conference
Globenewswire· 2025-05-07 20:00
Company Overview - 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 [3] - The company is headquartered in Newton, Massachusetts [3] Product Development - Acumen is advancing its investigational product candidate, sabirnetug (ACU193), a humanized monoclonal antibody that selectively targets toxic soluble amyloid beta oligomers [3] - The company is currently conducting a Phase 2 clinical trial named ALTITUDE-AD for early symptomatic Alzheimer's disease patients, following positive results from its Phase 1 trial INTERCEPT-AD [3] Upcoming Events - Management will participate in a fireside chat at the Bank of America Healthcare Conference on May 14, 2025, at 8:15 a.m. PT/11:15 a.m. ET [1] - The live webcasts of the event will be accessible under the Investors tab on the company's website and archived for 90 days [2]
Acumen Pharmaceuticals to Report First Quarter 2025 Financial Results on May 13, 2025
Globenewswire· 2025-05-06 20:00
Company Overview - 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 [3] - The company is headquartered in Newton, Massachusetts [3] Product Development - Acumen is advancing its investigational product candidate, sabirnetug (ACU193), a humanized monoclonal antibody that selectively targets toxic soluble amyloid beta oligomers [3] - The company is currently conducting a Phase 2 clinical trial named ALTITUDE-AD for early symptomatic Alzheimer's disease patients, following positive results from its Phase 1 trial INTERCEPT-AD [3] Financial Reporting - Acumen Pharmaceuticals will report its first quarter 2025 financial results on May 13, 2025, and will host a conference call and live audio webcast at 8:00 a.m. ET for a business and financial update [1]
Acumen Pharmaceuticals Showcases pTau217 Trial Screening Progress in Phase 2 ALTITUDE-AD Trial and Preclinical Research Methods at AD/PD 2025 and AAN Annual Meeting
Newsfilter· 2025-04-02 11:00
Core Insights - Acumen Pharmaceuticals is advancing its investigational product candidate, sabirnetug (ACU193), a humanized monoclonal antibody targeting toxic soluble amyloid beta oligomers (AβOs) for Alzheimer's disease treatment, with promising results from its Phase 2 ALTITUDE-AD clinical trial [1][10] Group 1: Clinical Trial Updates - The pTau217 screening assay used in the ALTITUDE-AD trial has successfully reduced the need for amyloid PET scans and CSF testing, enhancing the efficiency of participant screening and enrollment [2] - The ALTITUDE-AD trial has enrolled 542 individuals with early Alzheimer's disease, focusing on the efficacy and safety of sabirnetug administered every four weeks [9] Group 2: Research Presentations - Acumen presented extended results from its pTau217 assay at the International Conference on Alzheimer's and Parkinson's Diseases, demonstrating its effectiveness in screening participants for the ALTITUDE-AD trial [1] - The company is also showcasing research on the binding of AβOs to human neurons and the early effects of sabirnetug on synaptic biomarkers at upcoming conferences [1][4][6] Group 3: Scientific Developments - A method for producing stable Aβ monomers has been developed to improve the evaluation of AβO selectivity assays, which is crucial for characterizing AβO-targeting antibodies [3] - A human iPSC-derived neuronal model has been established to assess the binding of AβOs, showing that sabirnetug can block this binding, which is significant for future therapeutic applications [4] Group 4: Product Information - Sabirnetug selectively targets toxic soluble AβOs, which are believed to be a key factor in the neurodegenerative process of Alzheimer's disease, and has received Fast Track designation from the FDA for early Alzheimer's treatment [8]
Acumen Pharmaceuticals Reports Financial Results for the Year Ended December 31, 2024 and Business Highlights
Globenewswire· 2025-03-27 11:00
Core Insights - Acumen Pharmaceuticals is advancing its clinical development of sabirnetug, a treatment for early Alzheimer's disease, with significant progress reported in 2024 [2][5][12] - The company completed enrollment in its Phase 2 study, ALTITUDE-AD, ahead of schedule and anticipates topline results in late 2026 [5][7] - Financial results for 2024 show a net loss of $102.3 million, an increase from $52.4 million in 2023, primarily due to rising research and development expenses [14][22] Recent Highlights - Enrollment for the Phase 2 ALTITUDE-AD study was completed with 542 participants randomized to receive either sabirnetug or placebo [5][12] - The Phase 1 study results for a subcutaneous formulation of sabirnetug were announced, indicating it is well-tolerated and supports further development [6][11] - Cash, cash equivalents, and marketable securities totaled $231.5 million as of December 31, 2024, expected to fund operations into the first half of 2027 [5][14] Anticipated Milestones - Topline results from the ALTITUDE-AD study are expected in late 2026, focusing on the efficacy and safety of sabirnetug in early Alzheimer's disease [5][7] - The primary endpoint of the ALTITUDE-AD study is the change in the Integrated Alzheimer's Disease Rating Scale (iADRS) at 18 months [6][12] Financial Overview - Research and development expenses increased to $93.8 million in 2024 from $42.3 million in 2023, driven by clinical trial costs and personnel expenses [14][22] - General and administrative expenses rose to $20.2 million in 2024, compared to $18.8 million in 2023 [14][22] - The company reported a loss from operations of $114.0 million in 2024, up from $61.1 million in 2023 [14][22]