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Avenue Therapeutics | 8-K: Avenue Therapeutics Reports Third Quarter 2024 Financial Results and Recent Corporate Highlights

Avenue Therapeutics | 8-K: Avenue Therapeutics Reports Third Quarter 2024 Financial Results and Recent Corporate Highlights

Avenue Therapeutics | 8-K:Avenue Therapeutics公布2024年第三季度财务业绩和近期公司亮点
美股SEC公告 ·  2024/11/15 05:16

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Avenue Therapeutics reported a Q3 2024 net loss of $3.1M ($1.92 per share) compared to net income of $0.5M in Q3 2023. R&D expenses increased to $2.3M from $0.9M YoY, while G&A expenses decreased to $0.8M from $1.2M. Cash position stood at $2.6M as of September 30, down from $4.9M in Q2 2024.The company expects to release topline data from its Phase 1b/2a trial of AJ201 for spinal and bulbar muscular atrophy around year-end 2024. The 12-week study enrolled 25 patients to evaluate safety and tolerability of AJ201 (600 mg/day) versus placebo, along with various biomarkers.Avenue plans to initiate a Phase 2a trial of BAER-101 in focal epilepsy patients and a Phase 3 safety study of IV tramadol for post-operative pain, both subject to additional financing. The IV tramadol study will randomize 300 post-bunionectomy patients to compare IV tramadol versus IV morphine over 48 hours.
Avenue Therapeutics reported a Q3 2024 net loss of $3.1M ($1.92 per share) compared to net income of $0.5M in Q3 2023. R&D expenses increased to $2.3M from $0.9M YoY, while G&A expenses decreased to $0.8M from $1.2M. Cash position stood at $2.6M as of September 30, down from $4.9M in Q2 2024.The company expects to release topline data from its Phase 1b/2a trial of AJ201 for spinal and bulbar muscular atrophy around year-end 2024. The 12-week study enrolled 25 patients to evaluate safety and tolerability of AJ201 (600 mg/day) versus placebo, along with various biomarkers.Avenue plans to initiate a Phase 2a trial of BAER-101 in focal epilepsy patients and a Phase 3 safety study of IV tramadol for post-operative pain, both subject to additional financing. The IV tramadol study will randomize 300 post-bunionectomy patients to compare IV tramadol versus IV morphine over 48 hours.
Avenue Therapeutics报告2024年第三季度净损失310万美元(每股1.92美元),相比2023年第三季度的净利润50万美元而言。研发费用从90万美元增加到230万美元,而一般行政费用则从120万美元降至80万美元。截至2023年9月30日,公司的现金储备为260万美元,低于2024年第二季度的490万美元。该公司预计将在2024年底左右发布其针对脊髓和延髓肌无力的AJ201的1b/2a期试验的顶线数据。为期12周的研究招募了25名患者,以评估AJ201(600毫克/天)与安慰剂的安全性和耐受性,以及各种生物标志物。Avenue计划启动BAER-101针对局灶性癫痫患者的2a期试验,以及IV曲马多针对术后疼痛的3期安全性研究,这两项研究均需额外融资。IV曲马多研究将随机分配300名术后患者,比较IV曲马多与IV吗啡在48小时内的效果。
Avenue Therapeutics报告2024年第三季度净损失310万美元(每股1.92美元),相比2023年第三季度的净利润50万美元而言。研发费用从90万美元增加到230万美元,而一般行政费用则从120万美元降至80万美元。截至2023年9月30日,公司的现金储备为260万美元,低于2024年第二季度的490万美元。该公司预计将在2024年底左右发布其针对脊髓和延髓肌无力的AJ201的1b/2a期试验的顶线数据。为期12周的研究招募了25名患者,以评估AJ201(600毫克/天)与安慰剂的安全性和耐受性,以及各种生物标志物。Avenue计划启动BAER-101针对局灶性癫痫患者的2a期试验,以及IV曲马多针对术后疼痛的3期安全性研究,这两项研究均需额外融资。IV曲马多研究将随机分配300名术后患者,比较IV曲马多与IV吗啡在48小时内的效果。
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