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Annexon to Present Phase 2 ARCHER Baseline Characteristics Associated with Confirmed Best Corrected Visual Acuity 15-Letter Loss in Patients with Geographic Atrophy at ASRS 2026

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Annexon (Nasdaq: ANNX) announced an oral presentation at the American Society of Retina Specialists (ASRS) 44th Annual Scientific Meeting, held July 15–18, 2026, in Montréal, Canada, highlighting Phase 2 ARCHER data for vonaprument in dry age-related macular degeneration (AMD) with geographic atrophy (GA).

The presentation will focus on baseline characteristics linked to best corrected visual acuity (BCVA) ≥15-letter loss, based on the Phase 2 ARCHER trial in which vonaprument demonstrated significant vision preservation in GA patients. These findings are intended to inform patient selection for the ongoing Phase 3 ARCHER II trial, for which topline pivotal data are expected in the fourth quarter of 2026. Vonaprument is described as a first-in-kind, non-pegylated antigen-binding fragment (Fab) targeting C1q, an aberrant trigger of neurodegeneration in GA. The oral presentation, titled “Baseline Characteristics Associated with Loss of BCVA ≥15 ETDRS Letters in Participants with Geographic Atrophy in the Phase 2 ARCHER Study,” will be delivered by Margaret Chang, M.D., M.S., of Retinal Consultants Medical Group, on Saturday, July 18, 2026, at 10:44 am Eastern Daylight Time (EDT).

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Market Context

Set against high recorded short interest and recent insider net buying of about 621,497 shares, this...
Analysis

Set against high recorded short interest and recent insider net buying of about 621,497 shares, this ARCHER-focused ASRS update adds to a pipeline already tied to several price-moving trial headlines. Investors may watch how upcoming Phase 3 data reshape that balance of skepticism and insider conviction.

Key Figures

Disease population impact: 10 million people ASRS annual meeting: 44th BCVA loss threshold: 15 letters +3 more
6 metrics
Disease population impact 10 million people Neuroinflammatory diseases targeted by Annexon platform
ASRS annual meeting 44th American Society of Retina Specialists 2026 meeting
BCVA loss threshold 15 letters Best corrected visual acuity loss endpoint in ARCHER analysis
Phase 3 topline timing Q4 2026 Expected pivotal ARCHER II topline data
ASRS meeting dates July 15–18, 2026 Conference timing in Montréal, Québec, Canada
Presentation time 10:44 am EDT Scheduled ASRS oral presentation slot on July 18, 2026

Previous Clinical trial Reports

4 past events · Latest: Jul 24 (Positive)
Same Type Pattern 4 events
Date Event Sentiment 24h Move Catalyst
Jul 24 Phase 3 enrollment Positive +2.8% Completion of enrollment in pivotal Phase 3 ARCHER II dry AMD trial.
Apr 03 GBS data presentations Positive -7.7% Showcased leadership and Phase 3 ANX005 data in GBS at neurology meeting.
Dec 16 GBS real-world study Positive +14.0% Positive real-world evidence comparing ANX005 to IVIg or plasma exchange in GBS.
Oct 21 Phase 2 vision data Positive +1.2% Phase 2 data showing enhanced vision protection in GA due to dry AMD.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical and trial-related headlines for Annexon have more often produced positive share reactions, though one GBS-focused event saw a sharp negative move.

Key Terms

geographic atrophy, age-related macular degeneration, best corrected visual acuity, etdrs, +2 more
6 terms
geographic atrophy medical
"patients with dry age-related macular degeneration (AMD) with geographic atrophy (GA)."
Geographic atrophy is a progressive eye condition in which patches of light-sensing cells in the retina die, causing growing blind spots and ultimately significant central vision loss. For investors, it matters because the condition defines the market size and urgency for drugs, devices, and diagnostics — like a spreading hole in a photograph that companies aim to stop or repair — so clinical results, approvals, and reimbursement determine potential revenue and risk.
best corrected visual acuity medical
"baseline factors associated with best corrected visual acuity (BCVA) 15-letter loss,"
Best corrected visual acuity (BCVA) is the sharpest level of sight a person can reach when using the optimal prescription lenses or other standard corrections, typically measured with an eye chart. For investors, BCVA is a common, standardized outcome in trials and product tests—like checking a camera’s clarity after fine-tuning—so changes in BCVA signal whether an eye treatment or device is delivering real, measurable benefit.
etdrs medical
"Loss of BCVA ≥15 ETDRS Letters in Participants with Geographic Atrophy"
ETDRS (Early Treatment Diabetic Retinopathy Study) refers to a standardized eye chart and scoring system used in clinical trials to measure visual acuity. It converts how many letters a person can read on a chart into a numeric score, so doctors can track small but meaningful changes in sight. Investors care because ETDRS scores are common, objective endpoints in ophthalmology trials and can determine whether a treatment is judged effective.
antigen-binding fragment medical
"a first-in-kind, non-pegylated antigen-binding fragment (Fab) designed to block C1q,"
A fragment of an antibody that contains the specific region responsible for recognizing and attaching to a target molecule (the antigen). Made by cutting a whole antibody into smaller pieces, this fragment keeps the “lock-and-key” binding function but is smaller and often easier to use in drugs, tests, or lab tools; for investors, its presence in a product or pipeline signals a focus on targeted biologic therapies or diagnostics where precision binding matters.
c1q medical
"fragment (Fab) designed to block C1q, an aberrant trigger for neurodegeneration in GA."
C1q is a protein that acts like the immune system’s “security sensor,” recognizing and tagging bacteria, damaged cells, or immune complexes so other defenses remove them. In drug development and diagnostics it matters because abnormal C1q activity is linked to autoimmune and neurodegenerative diseases, making it a potential biomarker and therapeutic target; changes in C1q-related tests or therapies can affect clinical prospects and investor value.

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BRISBANE, Calif., July 14, 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 an oral presentation on the neuroprotective effect of vonaprument at the American Society of Retina Specialists (ASRS) 44th Annual Scientific Meeting being held July 15–18, 2026 in Montréal, Québec, Canada.

In the Phase 2 ARCHER trial, vonaprument demonstrated significant vision preservation in patients with dry age-related macular degeneration (AMD) with geographic atrophy (GA). An upcoming oral presentation at ASRS will highlight findings from Phase 2 ARCHER that identify baseline factors associated with best corrected visual acuity (BCVA) 15-letter loss, informing the patient population selection for the ongoing Phase 3 ARCHER II trial with topline pivotal data expected in the fourth quarter of 2026. Vonaprument is a first-in-kind, non-pegylated antigen-binding fragment (Fab) designed to block C1q, an aberrant trigger for neurodegeneration in GA.

Oral Presentation

“Baseline Characteristics Associated with Loss of BCVA ≥15 ETDRS Letters in Participants with Geographic Atrophy in the Phase 2 ARCHER Study”

  • Presenter: Margaret Chang, M.D., M.S., Retinal Consultants Medical Group
  • Date/Time: Saturday, July 18, 2026, at 10:44 am Eastern Daylight Time (EDT)

About Vonaprument (formerly ANX007)
Vonaprument is a clinical-stage investigational antigen-binding fragment (Fab) designed as a first-in-kind therapeutic to selectively inhibit C1q, the initiating molecule of the classical complement pathway and a key driver of neurodegeneration. It is formulated for intravitreal (IVT) administration, with the potential to be the first targeted vision-preserving therapy for GA. Vonaprument involves a differentiated neuroprotective approach designed to protect photoreceptor cells and retinal function by blocking C1q and the entire classical pathway, while allowing for normal immune activity of the lectin and alternative complement pathways. Vonaprument has been granted Fast Track designation from the U.S. Food and Drug Administration (FDA) and is the first therapeutic candidate for the treatment of GA to receive Priority Medicine (PRIME) designation from the European Medicines Agency for the treatment of GA.

About the Phase 2 ARCHER Trial
ARCHER is a successfully completed, randomized, multi-center, double-masked, sham-controlled Phase 2 trial that evaluated vonaprument in a broad population of patients with GA. Across multiple measures, vonaprument consistently preserved visual function and ellipsoid zone retinal structure, reinforcing the therapeutic potential of protecting photoreceptor health early in disease progression. Vonaprument provided statistically significant, time and dose-dependent protection from vision loss as measured by confirmed best corrected visual acuity (BCVA) ≥15-letter loss, the widely accepted and clinically meaningful functional endpoint. Significant protection from vision loss was also shown in other prespecified measures of BCVA and visual function, including low luminance visual acuity (LLVA) and low luminance visual deficit (LLVD). Vonaprument was also shown to protect key retinal structures important for vision, including significant protection of photoreceptors as measured by optical coherence tomography (OCT). Vonaprument was generally well-tolerated through month 12, with no increase in choroidal neovascularization (CNV) rates between the treated and sham arms and no events of retinal vasculitis reported.

About the Phase 3 ARCHER II Trial
ARCHER II is an ongoing global, pivotal, Phase 3 sham-controlled, double-masked trial of vonaprument in 659 patients with GA, a disease driven by early photoreceptor degeneration leading to vision loss. Enrollment was completed in July 2025. The primary endpoint of this two year trial is the proportion of patients with confirmed best corrected visual acuity 15-letter loss at two consecutive visits, measured through month 15. Best corrected visual acuity (BCVA) ≥15-letter loss represents three lines on the standard Early Treatment of Diabetic Retinopathy Study (ETDRS) eye chart. Proportion of patients experiencing BCVA ≥15-letter loss is a well-established functional endpoint that has served as the basis for numerous ophthalmology drug approvals by the FDA and European Medicines Agency. Secondary endpoints in ARCHER II include safety, LLVA, and photoreceptor integrity (EZ). A global registration path has been established with U.S. and European regulators for ARCHER II. Topline data are expected in the fourth quarter of 2026.

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 vonaprument; timing of and results from the Phase 3 ARCHER II trial, including expected topline data in the fourth quarter of 2026; and the potential for vonaprument to be the first targeted vision-preserving therapy for GA. 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; the potential for the company’s product candidates to not receive regulatory approval, including if the FDA and comparable foreign regulatory authorities determine that the company’s submission package is not sufficient or require the company to provide additional data in patients that are not feasible to obtain; 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 Securities and Exchange Commission. 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 is Annexon (ANNX) presenting at the ASRS 2026 meeting about geographic atrophy?

Annexon is presenting Phase 2 ARCHER data on baseline factors associated with BCVA ≥15-letter loss in geographic atrophy. According to Annexon, the oral talk will detail characteristics linked to vision outcomes in patients treated with vonaprument for dry age-related macular degeneration with GA.

How did vonaprument perform in Annexon (ANNX) Phase 2 ARCHER trial for dry AMD with GA?

Vonaprument demonstrated significant vision preservation in patients with dry AMD and geographic atrophy in the Phase 2 ARCHER trial. According to Annexon, this neuroprotective effect underpins further analyses of baseline characteristics and supports the design and patient selection strategy for the ongoing Phase 3 ARCHER II study.

When is the Annexon (ANNX) Phase 2 ARCHER baseline characteristics presentation scheduled at ASRS 2026?

The oral presentation is scheduled for Saturday, July 18, 2026, at 10:44 am EDT. According to Annexon, it will be delivered during the ASRS 44th Annual Scientific Meeting held July 15–18, 2026, in Montréal, Québec, Canada, focusing on BCVA ≥15-letter loss.

What is vonaprument, the investigational therapy from Annexon (ANNX) for geographic atrophy?

Vonaprument is a first-in-kind, non-pegylated antigen-binding fragment (Fab) designed to block C1q in geographic atrophy. According to Annexon, C1q is viewed as an aberrant trigger of neurodegeneration in GA, and vonaprument aims to provide neuroprotective benefits and preserve visual function.

How will Phase 2 ARCHER data guide Annexon (ANNX) Phase 3 ARCHER II trial design?

Phase 2 ARCHER findings on baseline characteristics associated with BCVA ≥15-letter loss will help refine patient selection for Phase 3. According to Annexon, these analyses are informing the ongoing ARCHER II trial, with topline pivotal data expected in the fourth quarter of 2026.

Who is presenting Annexon (ANNX) vonaprument data at ASRS 2026 and what is the session title?

Margaret Chang, M.D., M.S., of Retinal Consultants Medical Group, will present the data. According to Annexon, the talk is titled “Baseline Characteristics Associated with Loss of BCVA ≥15 ETDRS Letters in Participants with Geographic Atrophy in the Phase 2 ARCHER Study,” focusing on vision loss predictors.