Welcome to our dedicated page for Athira Pharma news (Ticker: ATHA), a resource for investors and traders seeking the latest updates and insights on Athira Pharma stock.
Athira Pharma, Inc. (NASDAQ: ATHA), which has announced a transition to the name LeonaBio, Inc. with a new ticker "LONA," regularly issues news updates as a clinical-stage biopharmaceutical company headquartered in the Seattle, Washington area. Its press releases focus on the development of novel small molecule therapeutics for high unmet medical needs, including treatment-resistant metastatic breast cancer and amyotrophic lateral sclerosis (ALS).
News for ATHA commonly covers progress in the company’s lead programs, lasofoxifene and ATH-1105. Updates include clinical trial milestones such as completion of a first-in-human Phase 1 trial of ATH-1105 in healthy volunteers, presentations of safety, tolerability and pharmacokinetic data, and enrollment status for the Phase 3 ELAINE-3 trial of lasofoxifene in ER+, HER2-negative, ESR1-mutated metastatic breast cancer. The company also reports on preclinical findings for ATH-1105 in ALS models and scientific presentations at major neurology and ALS-focused conferences.
Investors following ATHA news will also see corporate and regulatory developments, including announcements about a 10-for-1 reverse stock split aimed at maintaining Nasdaq listing requirements, notices of regained compliance with the minimum bid price rule, and details of private placement financings intended to support clinical and regulatory milestones. Additional releases describe Athira’s strategic alternatives review and its licensing agreements with Sermonix Pharmaceuticals and Ligand Pharmaceuticals for lasofoxifene.
This news feed provides a centralized view of Athira/LeonaBio’s clinical, scientific and corporate disclosures, allowing readers to track how its oncology and neurology pipelines evolve over time and how financing and licensing arrangements relate to ongoing and planned trials.
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.
Athira Pharma, Inc. (NASDAQ: ATHA) announces the unexpected passing of Dr. Tadataka Yamada, the chair of its board of directors, effective August 5, 2021. Dr. Yamada had been with the company since June 2019 and contributed significantly to science and medicine. His background includes leadership roles in prominent healthcare organizations and awards recognizing his contributions. The company extends condolences to his family and friends. Athira Pharma focuses on developing therapies for neurodegenerative diseases, specifically advancing its lead drug candidate, ATH-1017, for Alzheimer’s and Parkinson’s dementia.
Athira Pharma (NASDAQ: ATHA) announced it will present clinical EEG data from its Phase 1 a/b trial of ATH-1017 at the Alzheimer’s Association International Conference 2021 (AAIC), taking place July 26-30, 2021. The presentation, featuring data on neurophysiological changes in Alzheimer’s patients, will be accessible on the AAIC platform and Athira's website. ATH-1017 aims to enhance the activity of Hepatocyte Growth Factor (HGF) to combat neurodegeneration, including Alzheimer's and Parkinson's dementia. The company is committed to advancing therapeutic solutions for cognitive improvement.
Athira Pharma announced the enrollment of patients in an open-label extension study for ATH-1017, a treatment for mild-to-moderate Alzheimer’s disease, following ongoing Phase 2/3 trials, LIFT-AD and ACT-AD. This extension allows for up to 26 weeks of additional therapy, generating crucial data on safety and efficacy. ATH-1017 aims to enhance cognitive function by targeting Hepatocyte Growth Factor (HGF) and its receptor, MET. Positive Phase 1a/b results showed improvement in cognitive metrics, and patent protection for ATH-1017 extends until June 2037.
A class action lawsuit has been filed against Athira Pharma (NASDAQ: ATHA) by Keller Rohrback and Longman Law, P.C. The case follows allegations of misrepresentation in Athira's IPO registration statement, particularly concerning CEO Dr. Leen Kawas. After Dr. Kawas was placed on temporary leave due to allegations of falsifying research results, Athira's stock plummeted nearly 40% from $18.24 to $11.15 per share, below the IPO price of $17.00. The lawsuit seeks remedies under the Securities Act of 1933 for affected shareholders.
Washington State University has initiated a review of potential research misconduct claims involving former student Leen Kawas, now the CEO of Athira Pharma (NASDAQ: ATHA). The Athira board has placed Kawas on temporary leave while it conducts its own investigation into her doctoral research. WSU emphasizes its commitment to high ethical standards in research and is adhering to its Executive Policy 33 for handling such allegations. Further details will be withheld until the review is concluded.
Athira Pharma has placed Leen Kawas on temporary leave pending a review related to her doctoral research at Washington State University. Mark Litton, currently COO, will take over leadership responsibilities. An independent committee has been formed for the review. Despite this, the company remains confident in its lead drug ATH-1017, which has shown promising results in clinical trials for improving cognitive functions and addressing neurodegenerative diseases. Athira emphasizes its commitment to scientific integrity amidst this review process.
Athira Pharma (NASDAQ: ATHA) appointed Rachel Lenington as Chief Technology Officer, effective June 14, 2021. Lenington brings over 20 years of experience from organizations like Seagen Inc and the Bill & Melinda Gates Foundation. Her expertise in R&D, drug development, and commercialization is expected to bolster Athira's efforts in neurodegenerative disease treatments. CEO Leen Kawas expressed optimism about her leadership enhancing the company's product strategies. Athira focuses on developing small molecules to restore neuronal health, notably its lead candidate, ATH-1017, targeting Alzheimer’s and Parkinson’s dementia.