Avalo Therapeutics Inc Stock Price, News & Analysis

Avalo Therapeutics (NASDAQ: AVTX) reported its Q1 2025 financial results and business updates. The company ended Q1 with $125 million in cash, providing runway into 2027 with potential extension into 2028. The Phase 2 LOTUS trial for AVTX-009 in hidradenitis suppurativa (HS) is progressing as planned, with topline data expected in 2026.

Q1 2025 financial highlights include: net loss of $13.1 million ($1.25 per share), R&D expenses of $9.1 million (up $7.0M YoY), and G&A expenses of $5.5 million (up $2.4M YoY). The company is carefully evaluating the timing of additional development activities beyond LOTUS trial due to current market conditions.

Avalo Therapeutics, a clinical stage biotech company specializing in immune dysregulation treatments, has announced its upcoming participation in the Citizens Life Sciences Conference.

The company's CEO, Dr. Garry Neil, is scheduled to present at the conference on Thursday, May 8, 2025, at 3:00 pm ET in New York. The presentation will be accessible through live webcasts and replays from the company's website.

Investors and interested parties can access the presentation through:

• The "News / Events" section of Avalo's investor relations website at ir.avalotx.com
• Archived webcast replays available for a minimum of 30 days

Avalo Therapeutics (AVTX) has appointed Michael Heffernan as Chairman of the Board of Directors, succeeding Dr. Garry Neil, who will continue as Board member and CEO. The separation of Chairman and CEO roles comes as the company advances its pipeline of targeted therapies for immune-mediated diseases.

The company's lead candidate, AVTX-009, is currently in Phase 2 LOTUS trial for hidradenitis suppurativa (HS), with data readout expected next year. Heffernan brings extensive experience in building biopharmaceutical companies and executing successful exits, positioning him to help guide Avalo's growth strategy and potential indication expansion.

Avalo Therapeutics (NASDAQ: AVTX) reported its 2024 financial results and business updates. The company ended 2024 with $134.5 million in cash, supported by a $185 million private placement, providing runway into at least 2027.

Key financial metrics include:

• Net loss of $35.1 million in 2024, up from $31.5 million in 2023
• R&D expenses increased to $24.4 million
• G&A expenses rose to $17.2 million
• Basic net loss per share was $7.94

The company's Phase 2 LOTUS trial for AVTX-009 in hidradenitis suppurativa (HS) is ongoing, with topline data expected in 2026. The trial will evaluate approximately 180 adults with HS. Jennifer Riley joined as Chief Strategy Officer effective January 2025 to guide strategy and pipeline planning.

Avalo Therapeutics (Nasdaq: AVTX), a clinical stage biotechnology company specializing in immune dysregulation treatments, has announced its participation in two major investor conferences in March 2025.

The company will deliver a corporate presentation at the TD Cowen 45th Annual Health Care Conference in Boston on March 3, 2025, at 3:10 pm ET. Additionally, Avalo will participate in 1x1 and small group meetings at the Leerink Partners Global Healthcare Conference in Miami on March 12, 2025.

Interested parties can access live webcasts and replays of the presentations through the 'News / Events' section of Avalo's investor relations website at ir.avalotx.com. The archived webcasts will remain available for a minimum of 30 days after the events.

Avalo Therapeutics (AVTX), a clinical stage biotechnology company specializing in immune dysregulation treatments, has announced its upcoming participation in the Oppenheimer 35th Annual Healthcare Life Sciences Conference. Dr. Garry A. Neil, CEO and Board Chairman, will deliver a presentation at this virtual event on Tuesday, February 11, 2025, at 10:00 a.m ET.

Interested parties can access both the live webcast and replay through the 'News / Events' section of Avalo's investor relations website at ir.avalotx.com. The presentation recording will remain available for a minimum of 30 days following the event.

Avalo Therapeutics (AVTX) has appointed Jennifer Riley as Chief Strategy Officer, effective January 1, 2025. In this newly created role, Riley will oversee corporate strategy, commercial and product pipeline planning. She brings over 20 years of biotechnology and pharmaceutical industry experience, most recently as founder of Northbrook Consulting and previously as Vice President at Biogen.

The appointment aims to advance AVTX-009, an anti-IL-1β monoclonal antibody currently in Phase 2 trials for hidradenitis suppurativa (HS), in a market forecast to exceed $10 billion. As part of her employment agreement, Riley received inducement grants including options to purchase 150,000 shares of common stock, vesting over four years with a twelve-month cliff.

Avalo Therapeutics has received $69.4 million in gross proceeds from the full exercise of warrants issued in a March 2024 private placement. The warrants were exercised at $5.796933 per underlying share, resulting in the issuance of 781,259 common stock shares and 11,186.267 series C non-voting convertible preferred stock shares. This exercise brings the total gross proceeds from the transaction to $185 million, extending the company's cash runway into at least 2027. The private placement was led by Commodore Capital and TCGX, with participation from several other investors. As of November 8, 2024, Avalo has 10,463,633 common stock shares and 24,895.92 series C preferred stock shares outstanding.

Avalo Therapeutics (Nasdaq: AVTX) has announced its participation in two major investor conferences. The company's CEO and Board Chairman, Garry A. Neil, M.D., will present at the Stifel 2024 Healthcare Conference in New York on November 18, 2024, at 3:35 PM ET, and the Piper Sandler 36th Annual Healthcare Conference in New York on December 5, 2024, at 11:00 AM ET.

Live webcasts and replays will be accessible through the Investors section of Avalo's website under 'News / Events,' with recordings available for at least 30 days after the presentations.