Welcome to our dedicated page for Aerovate Therapeutics news (Ticker: AVTE), a resource for investors and traders seeking the latest updates and insights on Aerovate Therapeutics stock.
Aerovate Therapeutics, Inc. (NASDAQ: AVTE) generates news that spans clinical development updates, strategic reviews and corporate transactions in the biotechnology sector. The company is based in Waltham, Massachusetts and has focused on developing AV-101, an investigational dry powder inhaled formulation of imatinib for pulmonary arterial hypertension (PAH), a rare cardiopulmonary disease.
News coverage for AVTE has included detailed reports on the IMPAHCT trial, a multi-national Phase 2b/Phase 3 study of AV-101 in adults with PAH. Investors can find announcements of topline Phase 2b results, which showed that AV-101 did not meet the primary endpoint of change in pulmonary vascular resistance compared with placebo and did not show meaningful improvements in six-minute walk distance. Related updates describe the decision to halt enrollment and shut down the Phase 3 portion of IMPAHCT and the long-term extension study.
AVTE news also highlights strategic and corporate developments. After the IMPAHCT Phase 2b results, Aerovate announced a comprehensive review of strategic alternatives that could include an acquisition, merger, reverse merger, business combination, liquidation or other transaction. Subsequent press releases report that Aerovate stockholders approved a proposed merger with Jade Biosciences, Inc., a 1-for-35 reverse stock split, and a special cash dividend to Aerovate stockholders in connection with the merger.
On this news page, readers can follow how Aerovate’s clinical data, strategic review process and merger with Jade Biosciences shape the evolution of the AVTE listing. For ongoing research, it is useful to track announcements about the IMPAHCT trial, AV-101, merger milestones, reverse stock split details and the expected transition of trading to the Jade Biosciences name and JBIO ticker on Nasdaq. Bookmark this page to review historical and recent AVTE press releases and market-moving disclosures.
Aerovate Therapeutics has published positive Phase 1 results for AV-101, a dry powder inhaled formulation of imatinib aimed at treating pulmonary arterial hypertension (PAH). The study demonstrated that AV-101 was generally well tolerated, showing significantly reduced systemic exposure compared to oral imatinib, with no serious adverse events reported. The trial involved 82 healthy participants and revealed that AV-101 effectively limited systemic exposure while maintaining efficacy. Aerovate is preparing to advance to a Phase 2b/Phase 3 trial named IMPAHCT, with topline data expected in late 2023 or early 2024.
Aerovate Therapeutics (Nasdaq: AVTE) reported Q3 2022 financial results on November 14, 2022, highlighting ongoing progress in its IMPAHCT clinical trial for pulmonary arterial hypertension. The company faced delays in site initiation and patient enrollment, with topline data expected in late 2023 or early 2024. Financially, cash reserves stood at $142.6 million, down from $167.4 million in December 2021, primarily due to increased operational costs. R&D expenses surged to $10.8 million from $3.4 million year-over-year, while the net loss rose to $13.6 million compared to $6.2 million a year ago.
Aerovate Therapeutics presented the design of the IMPAHCT clinical trial for AV-101, aimed at treating pulmonary arterial hypertension (PAH), at the CHEST 2022 conference. This multi-national trial includes Phase 2b and Phase 3 stages, assessing the safety and efficacy of various doses of AV-101 through self-administration. The trial design is expected to expedite development by 6 to 12 months. Primary endpoints include changes in pulmonary vascular resistance and six-minute walk distance, showcasing Aerovate's commitment to innovative treatment options for PAH patients.
Aerovate Therapeutics (Nasdaq: AVTE) reported its financial results for the second quarter ending June 30, 2022. The company is advancing its IMPAHCT clinical trial for AV-101, aimed at treating pulmonary arterial hypertension, with topline data expected by early 2024. As of June 30, 2022, cash and investments totaled $152 million. R&D expenses rose to $8.4 million, and G&A expenses increased to $3.9 million, leading to a net loss of $12 million. Despite operational costs impacting finances, the company remains funded through the second half of 2025.
Aerovate Therapeutics, a clinical-stage biopharmaceutical company, announced its participation at the Jefferies Global Healthcare Conference on June 9, 2022, at 3:30 p.m. ET. The presentation will cover AV-101 and its ongoing IMPAHCT Phase 2b/Phase 3 trial.
AV-101 is an investigational inhaled formulation of imatinib for pulmonary arterial hypertension (PAH). Initial Phase 1 results showed good tolerance among healthy volunteers. The IMPAHCT trial will evaluate AV-101's efficacy and safety in PAH patients. More details are available on Aerovate’s website.
Aerovate Therapeutics presented Phase 1 results for AV-101 at the ATS International Conference, indicating that the inhaled formulation of imatinib was well-tolerated by healthy adults. The study showed significant reduction in systemic exposure compared to oral imatinib, with common mild side effects like headaches and dizziness. AV-101 aims to treat pulmonary arterial hypertension (PAH) by directly targeting pulmonary vasculature and minimizing systemic toxicities. The company is advancing toward the Phase 2b/Phase 3 IMPAHCT trial, assessing the efficacy and safety of AV-101 in PAH patients.
Aerovate Therapeutics (AVTE) reported its Q1 2022 financial results, with cash and equivalents at $161.1 million as of March 31, compared to $167.4 million at year-end 2021. The net loss widened to $10.9 million from $2.8 million year-over-year, driven by increased R&D and G&A expenses. The company expects sufficient funding to support operations through H2 2025. Notably, the clinical trial for AV-101 is experiencing delays due to site staff shortages, with topline data now expected in late 2023 or early 2024.
Aerovate Therapeutics (AVTE) reported financial results for the year ended December 31, 2021, with a net loss of $23 million, up from $9.6 million in 2020. The company initiated the global IMPAHCT Phase 2b/Phase 3 trial for AV-101, a treatment for pulmonary arterial hypertension, in December 2021. They received FDA guidance indicating this trial could support a New Drug Application based on a primary endpoint of six-minute walk distance change. As of December 31, 2021, cash reserves totaled $167.4 million, expected to fund operations through mid-2025.
Aerovate Therapeutics (Nasdaq: AVTE) announced on March 2, 2022, that its management will present at the Cowen 42nd Annual Health Care Conference on March 8 at 10:30 a.m. ET. The presentation will cover AV-101 and the ongoing IMPAHCT Phase 2b/Phase 3 trial targeting pulmonary arterial hypertension (PAH). AV-101, a novel inhaled formulation of imatinib, aims to provide targeted treatment with fewer systemic side effects. The IMPAHCT trial evaluates AV-101's efficacy across different doses, assessing pulmonary vascular resistance and 6-minute walk distance over 24 weeks.
Aerovate Therapeutics has launched the IMPAHCT Phase 2b/Phase 3 trial to assess the efficacy and safety of AV-101 in adults with Pulmonary Arterial Hypertension (PAH). This study aims to identify the optimal AV-101 dose by comparing it against a placebo, focusing on changes in pulmonary vascular resistance (PVR) and 6-minute walk distance (6MWD). The company anticipates reporting top-line results from the Phase 2b segment by mid-2023, potentially offering significant advancements in treatment options for PAH patients.
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