Welcome to our dedicated page for Acumen Pharmaceuticals news (Ticker: ABOS), a resource for investors and traders seeking the latest updates and insights on Acumen Pharmaceuticals stock.
Acumen Pharmaceuticals, Inc. (ABOS) is a clinical-stage biopharmaceutical company advancing sabirnetug (ACU193), an investigational monoclonal antibody targeting toxic amyloid-beta oligomers in Alzheimer's disease. This page provides authorized news updates and press releases directly from the company and verified sources.
Key resources for stakeholders include updates on clinical trial progress, regulatory milestones, and strategic partnerships. All content is curated to meet investor needs for timely, accurate information on therapeutic developments and corporate announcements.
Regular updates cover clinical trial results, manufacturing advancements, scientific presentations, and financial disclosures. The news collection serves as a historical record of ABOS's progress in developing novel neurodegenerative disease treatments.
Bookmark this page for streamlined access to essential updates about Acumen's Alzheimer's research program and corporate developments. Check back regularly for new information directly affecting investment analysis and industry monitoring.
Acumen Pharmaceuticals (NASDAQ: ABOS) presented research at the AD/PD 2023 conference showcasing a human model using iPSC-derived excitatory neurons to study drug binding to amyloid beta oligomers linked to Alzheimer’s disease (AD). Key findings indicate oligomer size affects neuronal binding, underscoring the significance of oligomer preparation and antibody selection in assays. This research supports Acumen's clinical development of ACU193, a monoclonal antibody targeting toxic globular sAβOs, with patient enrollment completed for its Phase 1 INTERCEPT-AD trial. The poster presentation is scheduled for March 28 and will be accessible throughout the conference.
Acumen Pharmaceuticals (NASDAQ: ABOS) announced the completion of enrollment in its Phase 1 INTERCEPT-AD trial for ACU193, targeting early Alzheimer's disease, in February 2023, with topline results anticipated in Q3 2023. The company reported a cash balance of $193.4 million as of December 31, 2022, projected to sustain operations through 2025. R&D expenses surged to $32.4 million, up from $12.3 million in 2021, reflecting ongoing clinical trials. Despite a net loss of $42.9 million for 2022, a decrease from $100.6 million in 2021, the firm remains optimistic about its future developments, bolstered by FDA Fast Track designation for ACU193.
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