The following is a summary of the Acumen Pharmaceuticals, Inc. (ABOS) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Acumen Pharmaceuticals reported cash and marketable securities worth approximately $297 million at the end of Q1 2024.

• R&D expenses for the quarter rose to $12.4 million due to costs related to the ALTITUDE-AD trial.

• The company's Q1 G&A expenses increased to $5.3 million due to increased headcount, resulting in an operational loss of $17.8 million for the quarter.

Business Progress:

• The first patient has been dosed in the ALTITUDE-AD Phase II study, which trials the effectiveness and safety of sabirnetug.

• Positive feedback has been received on the Phase I INTERCEPT results, particularly on patient biomarker improvements.

• A Phase I study is planned for a subcutaneous formulation of sabirnetug, which should be launched in mid-2024.

• The company has established a collaboration with Lonza for the manufacturing of sabirnetug, leveraging the latter's regulatory knowledge and global manufacturing network.

More details: Acumen Pharmaceuticals IR

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