Athira Pharma, Inc. Stock Price, News & Analysis

Athira Pharma (NASDAQ: ATHA) announced its third quarter 2021 financial results, highlighting a cash position of $339.4 million. The company completed enrollment in the ACT-AD trial, with topline data expected in H1 2022, while the LIFT-AD trial is actively recruiting, aimed for completion by 2022. R&D expenses rose to $10.7 million compared to $5.8 million in 2020. The net loss increased to $15.7 million ($0.42 per share) from $8.5 million ($1.12 per share) in the same quarter the previous year.

Athira Pharma (NASDAQ: ATHA) announced progress on its late-stage clinical trials for ATH-1017, aimed at treating mild-to-moderate Alzheimer’s disease, during the CTAD conference in Boston. Both trials, ACT-AD and LIFT-AD, are randomized and placebo-controlled, showing balanced baseline characteristics and encouraging safety profiles. Topline data from the ACT-AD trial is expected in the first half of 2022, providing insights on cognitive function and neurodegeneration. The company emphasizes the potential of ATH-1017 in addressing unmet patient needs in Alzheimer's treatment.

Athira Pharma (NASDAQ: ATHA) announces participation in two investor conferences: the Stifel 2021 Virtual Healthcare Conference on November 15 at 2:40 p.m. ET and the Jefferies 2021 London Healthcare Conference available on-demand from November 18 at 4:00 a.m. ET. Both events will feature a fireside chat format. Live webcasts will be accessible through the Investors section of the Athira website, with archived replays available for 30 days. Athira focuses on developing small molecules to restore neuronal health and combat neurodegeneration, particularly in Alzheimer’s and Parkinson’s.

Athira Pharma (NASDAQ: ATHA) announced an upcoming webinar featuring neurologist Dr. John Michael Olichney. The event is scheduled for Friday, Nov. 5, at 9 a.m. PT / 12 p.m. ET, focusing on the P300 latency measure for assessing cognitive function and its correlation with working memory. Key presentations will also include insights from Kevin Church on ATH-1017, a small molecule therapeutic for Alzheimer’s and Parkinson’s dementia, and Hans Moebius on the ongoing ACT-AD trial. The trial's topline data is expected in early 2022.

Athira Pharma (NASDAQ: ATHA) has completed enrollment for its Phase 2 ACT-AD clinical trial, investigating ATH-1017 for mild-to-moderate Alzheimer’s disease. The trial enrolled 77 patients across the U.S. and Australia to evaluate cognitive improvements over 26 weeks. Topline results are expected in the first half of 2022. CEO Mark Litton emphasized the significance of this milestone, noting the potential for ATH-1017 to offer new treatment options. The company also plans to initiate a clinical trial for Parkinson’s disease dementia later this year.

Athira Pharma announced the appointment of Mark Litton, Ph.D., M.B.A., as the new CEO, succeeding Dr. Leen Kawas, who has resigned amid an investigation into allegations regarding her doctoral research. The special committee found that Dr. Kawas altered images in her past research, but clarified that this did not involve the company’s lead candidate, ATH-1017. This candidate is currently in late-stage development for Alzheimer’s treatment, with promising results from prior trials. The company emphasizes its commitment to integrity and scientific research.

Athira Pharma (NASDAQ: ATHA) announced updates on its ongoing Phase 2 and Phase 2/3 clinical trials for ATH-1017, a small molecule therapeutic targeting Alzheimer’s disease. The data will be presented at the 2021 Clinical Trials on Alzheimer’s Disease (CTAD) conference from Nov. 9-12, 2021. The presentation, titled "Phase 2/3 trials of ATH-1017," will be delivered by CMO Hans Moebius on Nov. 10 at 1:55 p.m. ET.

Athira Pharma, operating under the ticker ATHA, focuses on developing novel therapies to combat neurodegeneration. On August 25, 2021, Chief Medical Officer Hans Moebius will present at the Annual Biomarkers for Alzheimer’s Disease Summit, highlighting the use of Evoked-Response Potentials (ERPs), specifically ERP P300, in Alzheimer's drug development. This presentation will showcase advancements in non-invasive biomarkers utilized in Athira’s Phase 1 clinical trials.

Athira Pharma (NASDAQ: ATHA) reported significant advancements in its clinical initiatives, including the initiation of an open-label extension for the LIFT-AD and ACT-AD trials of ATH-1017. This extension allows participants to receive an additional 26 weeks of treatment, aiming to enhance understanding of long-term safety and efficacy. Financially, the company had a net loss of $14 million for Q2 2021, an increase from $2 million the previous year, with R&D expenses rising to $12 million. Cash reserves stood at $349.9 million as of June 30, 2021.