Annexon Outlines 2024 Priorities With Late-Stage Clinical Milestones Across Upstream Complement Portfolio For Autoimmune, Ophthalmic And Neurodegenerative Diseases; Says Recent $125M Financing Extends Operating Runway Into Q2 2026
Portfolio Pulse from Benzinga Newsdesk
Annexon, Inc. (NASDAQ: ANNX) has outlined its strategic priorities for 2024, focusing on late-stage clinical milestones for its complement-based medicines targeting autoimmune, ophthalmic, and neurodegenerative diseases. The company is on track to report Phase 3 data for ANX005 in Guillain-Barré syndrome (GBS) in the first half of 2024, which could become the first approved treatment for GBS in the U.S. ANX007's global pivotal program for geographic atrophy (GA) is set to initiate in mid-2024, and ANX1502's clinical proof-of-concept study for autoimmune diseases will begin in the first half of 2024. Annexon's recent $125 million financing extends its operating runway into Q2 2026.
January 08, 2024 | 1:22 am
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Annexon, Inc. is advancing its clinical programs with pivotal data for ANX005 expected in H1 2024, initiation of ANX007's pivotal program in mid-2024, and a proof-of-concept study for ANX1502 in H1 2024. The company's recent financing secures its operations into Q2 2026.
The announcement of upcoming clinical milestones for ANX005, ANX007, and ANX1502, along with the extended financial runway, is likely to be viewed positively by investors. The potential approval of ANX005 as the first treatment for GBS in the U.S. and the advancement of other programs could significantly impact the company's valuation and investor sentiment in the short term.
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