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Annexon Submits Tanruprubart Marketing Authorization Application to the European Medicines Agency for Guillain-Barré Syndrome

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Annexon (Nasdaq: ANNX) submitted a Marketing Authorization Application (MAA) to the European Medicines Agency on Jan 8, 2026 for tanruprubart to treat Guillain-Barré syndrome (GBS).

The dossier includes randomized placebo-controlled proof-of-concept and pivotal Phase 3 data showing rapid reduction of neuroinflammation after a single infusion, measurement of improved functional and disability outcomes, a large U.S. and Southeast Asian biomarker dataset, population PK across regions, and a real-world evidence comparison to IVIg/plasma exchange. Tanruprubart has European and FDA Orphan Drug designations. An FDA BLA submission using FORWARD study data is planned in 2026.

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Positive

  • MAA submitted to EMA for tanruprubart on Jan 8, 2026
  • Phase 3 showed rapid neuroinflammation reduction after single infusion
  • Comprehensive dossier includes U.S. and Southeast Asian biomarker dataset
  • Tanruprubart has European and FDA Orphan Drug designations
  • BLA submission to FDA planned in 2026 using FORWARD data

Negative

  • No regulatory approval yet in EU or U.S.; availability not guaranteed
  • Pivotal Phase 3 was conducted primarily in Southeast Asia

News Market Reaction

-4.34%
37 alerts
-4.34% News Effect
-$36M Valuation Impact
$803M Market Cap
1.0x Rel. Volume

On the day this news was published, ANNX declined 4.34%, reflecting a moderate negative market reaction. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $36M from the company's valuation, bringing the market cap to $803M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Neuroinflammatory burden: 10 million people worldwide GBS incidence: 150,000 people per year Observational cohort size: 2,000 patients +5 more
8 metrics
Neuroinflammatory burden 10 million people worldwide Neuroinflammatory diseases targeted by Annexon platform
GBS incidence 150,000 people per year Annual worldwide Guillain-Barré syndrome cases
Observational cohort size 2,000 patients Prospective GBS observational study for Real-World Evidence matching
Placebo-controlled studies 2 studies Randomized, placebo-controlled GBS proof-of-concept and Phase 3 trials
Dosing regimen Single infusion Tanruprubart observed to act almost immediately in GBS after one dose
Planned BLA year 2026 Planned U.S. BLA submission for tanruprubart with FORWARD data
Q3 2025 net loss $54.9M Net loss for quarter ended September 30, 2025
Cash & investments $188.7M Cash, cash equivalents and short-term investments as of Sep 30, 2025

Market Reality Check

Price: $6.68 Vol: Volume 3,135,118 is 4% ab...
normal vol
$6.68 Last Close
Volume Volume 3,135,118 is 4% above the 20-day average of 3,013,824, indicating slightly elevated activity ahead of the EMA news. normal
Technical Shares at 5.53 are trading above the 200-day MA of 2.81, reflecting a pre-existing upward trend into this EMA submission.

Peers on Argus

ANNX gained 8.43% with the EMA MAA news, while peers NMRA (+10.1%), ALEC (+2.92%...

ANNX gained 8.43% with the EMA MAA news, while peers NMRA (+10.1%), ALEC (+2.92%), LCTX (+7.65%), MNPR (+7.58%) and OMER (+3.53%) also traded higher, suggesting participation in a broader biotech upswing alongside company-specific catalysts.

Historical Context

5 past events · Latest: Jan 07 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 07 Conference presentation Neutral +8.4% J.P. Morgan Healthcare Conference presentation announcement and webcast details.
Dec 16 Inducement grant Neutral +2.1% Inducement stock option grant to a new non-executive employee.
Nov 14 Equity offering close Neutral +11.4% Closing of public offering with full exercise of underwriters’ option.
Nov 12 Equity offering pricing Neutral -4.4% Pricing of $75M offering of common stock and pre-funded warrants.
Nov 12 Equity offering launch Neutral -4.4% Proposed $75M offering from an effective Form S-3 shelf registration.
Pattern Detected

Recent news has centered on financings, insider buying, and conference visibility, with predominantly positive price reactions.

Recent Company History

Over the last few months, Annexon has focused on capital raising and platform advancement. In November 2025, it announced and closed a public offering tied to its Form S-3 shelf to fund late‑stage programs including tanruprubart in GBS, with mixed short-term price moves. A Q3 10-Q detailed higher R&D spend as registrational packages advanced. Insider Form 4 filings through late 2025 showed continued director share purchases. Today’s EMA MAA submission for tanruprubart follows this financing and development groundwork toward global regulatory filings.

Market Pulse Summary

This announcement details Annexon’s EMA Marketing Authorization Application for tanruprubart in GBS,...
Analysis

This announcement details Annexon’s EMA Marketing Authorization Application for tanruprubart in GBS, supported by two randomized placebo‑controlled studies and a 2,000‑patient Real‑World Evidence dataset. It follows recent financings and R&D investments aimed at registrational packages, with a U.S. BLA planned for 2026. Investors may track upcoming regulatory interactions, FORWARD study readouts, and updates on cash of $188.7M as of Q3 2025 to assess development and funding progress.

Key Terms

marketing authorization application, european medicines agency, guillain-barré syndrome, biologics license application, +4 more
8 terms
marketing authorization application regulatory
"announced it has submitted a Marketing Authorization Application (MAA) to the European Medicines Agency"
A marketing authorization application is a formal request submitted to a government regulator asking permission to sell a prescription medicine or medical product in a country or region. Think of it like asking for a business license after showing evidence the product is safe and works; investors care because approval determines whether the product can generate sales, how soon revenue starts, and how much regulatory risk and uncertainty remains.
european medicines agency regulatory
"submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for tanruprubart"
The European Medicines Agency is the central drug regulator that evaluates and authorizes medicines for use across the European Union and related countries, similar to a referee or safety inspector who checks that a medicine is safe and effective before it can be sold. Its decisions matter to investors because approvals, rejections, or safety warnings directly affect a drug maker’s ability to sell products, generate revenue, and face legal or reputational risks, which in turn influence stock value.
guillain-barré syndrome medical
"for tanruprubart for the treatment of Guillain-Barré syndrome (GBS)."
A rare autoimmune disorder in which the body's immune system mistakenly attacks the nerves outside the brain and spinal cord, causing weakness, numbness and, in severe cases, temporary paralysis that can progress rapidly. Investors pay attention to reports of Guillain-Barré syndrome because confirmed cases linked to a drug, vaccine or device can trigger safety investigations, regulatory actions, label changes or trial delays—similar to a safety alarm that can materially affect a company’s product prospects and valuation.
biologics license application regulatory
"A Biologics License Application (BLA) submission to the FDA with data from the FORWARD study is planned in 2026."
A biologics license application is a formal request submitted to regulatory authorities seeking approval to market a new biological medicine, such as vaccines or treatments made from living organisms. It is a comprehensive review process that evaluates the safety, effectiveness, and manufacturing quality of the product. For investors, receiving approval signals that a biological therapy can be sold to the public, potentially leading to revenue growth and market success.
orphan drug regulatory
"Tanruprubart has received European and FDA Orphan Drug designations, indicating a recognized need"
A drug designated for an orphan disease is a medicine developed to treat a rare condition that affects only a small number of people. Regulators often give these drugs special incentives—such as reduced costs, faster review, and temporary exclusive selling rights—to encourage development, which matters to investors because those incentives can make a small market financially viable and reduce competition, much like a temporary patent on a niche product.
population pharmacokinetics medical
"population pharmacokinetics (PK) analysis of tanruprubart across U.S., E.U. and Southeast Asian studies"
Population pharmacokinetics studies how a medication moves through and leaves the bodies of many different people, using data and simple mathematical models to describe typical behavior and the range of variation across groups. For investors, these studies reveal how predictable a drug’s dosing, safety and effectiveness will be in real-world patients, which affects regulatory approval, labeling, market size and commercial risk — like using traffic data to plan safe speed limits for all drivers.
real-world evidence technical
"and a Real-World Evidence study matching Phase 3 patients to IVIg- or plasma exchange-treated Western patients"
Real-world evidence is information gathered from everyday sources like patient records, insurance claims, or everyday experiences, rather than controlled experiments or clinical trials. It helps investors understand how products or policies perform in real life, providing a more complete picture of their effectiveness and value beyond official tests. This type of evidence can influence decision-making by offering insights based on actual, everyday outcomes.
ivig medical
"despite treatment with IVIg or plasma exchange, which require intensive, multi-day administration"
IVIG is a medicine made from pooled human antibodies given through a vein to boost or calm the immune system; doctors use it to treat immune deficiencies, certain infections and autoimmune conditions. Investors watch IVIG because it is a high-value, repeatedly used biologic with supply tied to plasma donations, production capacity and regulatory oversight, so changes in availability, pricing or approval can meaningfully affect company revenues and healthcare costs—think of it as renting someone else’s immune protection.

AI-generated analysis. Not financial advice.

Potential to Be the First Targeted Fast-Acting Therapy for GBS, Setting a New Standard of Care

BLA Submission with U.S./European Data from FORWARD Trial Planned in 2026

BRISBANE, Calif., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Annexon, Inc. (Nasdaq: ANNX), a biopharmaceutical company advancing the next generation platform of targeted immunotherapies aimed at neuroinflammatory diseases that impact nearly 10 million people worldwide, today announced it has submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for tanruprubart for the treatment of Guillain-Barré syndrome (GBS).

“Annexon’s first regulatory submission marks a defining milestone for patients and for the company and represents the first of several important registrational catalysts anticipated from our lead programs in 2026,” said Douglas Love, president and chief executive officer of Annexon. “In the landmark Phase 3 study, tanruprubart was shown to rapidly stop neuroinflammation, enabling GBS patients to recover faster and more completely from this sudden, life-threatening disease that has no approved disease modifying therapies. Accordingly, we look forward to working closely with the EMA during the review, and to further collaborating with regulatory authorities worldwide to make available the first targeted treatment for GBS. This submission is an important step on many fronts as we move closer to achieving our mission of helping millions of patients impacted by devastating neuroinflammatory diseases live their best lives.”

GBS is an acute neuroinflammatory disease involving damage to peripheral nerves necessary for movement and even breathing, and often rapidly progresses to severe weakness or complete paralysis that requires intensive care. It affects at least 150,000 people worldwide each year with no U.S. Food and Drug Administration (FDA) approved treatments. Available treatments are slow, suboptimal, and have not been shown to stop underlying neuroinflammation. In contrast, tanruprubart is an investigational, first-in-class antibody designed to block classical complement-driven inflammation at its source and has been observed in GBS to act almost immediately with a single infusion to stop early nerve damage. Tanruprubart has received European and FDA Orphan Drug designations, indicating a recognized need for better treatments.

The MAA submission dossier for tanruprubart included a comprehensive data package demonstrating rapid impact on markers of neuroinflammation and disease, with patients recovering faster and more completely on both functional and clinical disability outcome measures:

  • Significant improvement with treatment and favorable risk/benefit analysis shown in two randomized, placebo-controlled studies: proof-of-concept and pivotal Phase 3 studies conducted in Southeast Asia where there is high disease prevalence, recognized medical expertise, and the ability to run gold standard placebo-controlled studies.
  • Robust generalizability package demonstrated classical complement as a key driver of GBS regardless of geography and tanruprubart treatment outcomes applicable to Western patient populations. The package is supported by a large U.S. and Southeast Asian biomarker dataset, population pharmacokinetics (PK) analysis of tanruprubart across U.S., E.U. and Southeast Asian studies, and a Real-World Evidence study matching Phase 3 patients to IVIg- or plasma exchange-treated Western patients from a 2,000-patient, prospective GBS observational study.

Hugh Willison, MBBS, PhD, professor emeritus of neurology of University of Glasgow added, “GBS is a sudden, debilitating disease that robs patients of their independence despite treatment with IVIg or plasma exchange, which require intensive, multi-day administration and provide incomplete benefit for many patients. The potential for a new targeted, disease-modifying immunotherapy that can rapidly achieve full target engagement after a single dose represents an exciting advance for physicians and the patients they serve.”

Annexon continues to evaluate tanruprubart in the ongoing open-label FORWARD study in the U.S. and Europe, designed to support a broad label across pediatric and adult patients and further expand the use of tanruprubart across geographies. A Biologics License Application (BLA) submission to the FDA with data from the FORWARD study is planned in 2026.

About Tanruprubart

Annexon’s lead investigational therapy, tanruprubart, is a first-in-class targeted and rapid-acting agent designed to reduce inflammation and nerve damage by stopping C1q activity in the peripheral and central nervous systems. Tanruprubart is administered intravenously and has been observed to act almost immediately in blocking C1q function. The aim of an effective treatment in GBS is to rapidly stop the neuroinflammatory damage on nerve cells, allowing patients to recover sooner, regain independence and return to pre-illness activities. Tanruprubart has received both Fast Track and Orphan Drug designations from the FDA as well as orphan drug designation from the EMA for the treatment of GBS.

About Guillain-Barré Syndrome

GBS is a rare neuromuscular emergency resulting from an acute autoantibody and classical complement-mediated attack on peripheral nerves that generally occurs post-infection in otherwise healthy persons. It is an acute, rapidly progressive disease with a narrow timeframe for therapeutic intervention. GBS results in the hospitalization of more than 22,000 people annually in the U.S. and Europe. The peripheral nerve damage progresses rapidly, causing acute neuromuscular paralysis that can lead to significant morbidity, disability and mortality. Currently, there are no approved treatments for GBS in the U.S. The long-term disease burden associated with GBS has led to a multi-billion-dollar annual economic cost to the U.S. healthcare system alone. More information about the impact of GBS is available at MoveGBSForward.com.

About Annexon

Annexon Biosciences (Nasdaq: ANNX) is advancing the next generation platform of targeted immunotherapies for nearly 10 million people worldwide living with serious neuroinflammatory diseases. Our founding scientific approach focuses on C1q, the initiating molecule of a potent inflammatory pathway that when misdirected can lead to tissue damage and loss of function in a host of diseases. Our targeted therapies are designed to stop classical complement-driven neuroinflammation at its source to provide meaningful functional benefit and alter the course of disease. Annexon’s mission is to deliver game-changing therapies to patients so that they can live their best lives. To learn more, visit annexonbio.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,” “contemplate,” “continue,” “could,” “design,” “due,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,” “positioned,” “potential,” “predict,” “seek,” “should,” “target,” “will,” “would” and other similar expressions that are predictions of or indicate future events and future trends, or the negative of these terms or other comparable terminology. All statements other than statements of historical facts contained in this press release are forward-looking statements. These forward-looking statements include, but are not limited to the potential therapeutic benefit of tanruprubart, if approved, compared to existing therapies; the potential for tanruprubart to be the first targeted fast-acting therapy for GBS and set a new standard of care; anticipated timing and results of regulatory interactions related to tanruprubart, including the timing of the company’s planned BLA submission to the FDA; the design, objectives and timing of the open-label tanruprubart FORWARD study; the company’s expectation of timing of initial PK, pharmacodynamics, early impact on function and biomarkers, and safety data; the company’s ability to achieve regulatory approval for tanruprubart; and continuing advancement of the company’s portfolio. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including, but not limited to, risks and uncertainties related to: the company’s history of net operating losses; the company’s ability to obtain necessary capital to fund its clinical programs; the potential for delays in the company’s clinical trials, including if the FDA and comparable foreign regulatory authorities do not accept data from clinical trials for product candidates outside the United States; the early stages of clinical development of the company’s product candidates; the effects of public health crises on the company’s clinical programs and business operations; the company’s ability to obtain regulatory approval of and successfully commercialize its product candidates; any undesirable side effects or other properties of the company’s product candidates; the company’s reliance on third-party suppliers and manufacturers; the outcomes of any future collaboration agreements; and the company’s ability to adequately maintain intellectual property rights for its product candidates. These and other risks are described in greater detail under the section titled “Risk Factors” contained in the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and the company’s other filings with the SEC. Any forward-looking statements that the company makes in this press release are made pursuant to the Private Securities Litigation Reform Act of 1995, as amended, and speak only as of the date of this press release. Except as required by law, the company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:

Joyce Allaire
LifeSci Advisors
jallaire@lifesciadvisors.com

Media Contact:

Beth Keshishian
917-912-7195
beth@bethkeshishian.com


FAQ

What did Annexon announce about tanruprubart and GBS on Jan 8, 2026?

Annexon submitted an MAA to EMA for tanruprubart to treat Guillain-Barré syndrome.

What clinical evidence supported Annexon's MAA for tanruprubart (ANNX)?

The MAA includes randomized proof-of-concept and pivotal Phase 3 data showing rapid reduction of neuroinflammation and improved functional outcomes.

Does tanruprubart have orphan designation for GBS (ANNX)?

Yes, tanruprubart has received both European and FDA Orphan Drug designations.

Will Annexon submit a BLA to the FDA for tanruprubart in 2026 (ANNX)?

Yes, a BLA submission to the FDA using data from the FORWARD study is planned in 2026.

What populations were included in the tanruprubart pivotal studies for ANNX?

Pivotal studies were conducted in Southeast Asia with supporting U.S. and Western generalizability analyses and biomarker data.
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