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

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

Avenue Therapeutics | 8-K:Avenue Therapeutics公佈2024年第二季度財務業績和近期公司亮點
美股SEC公告 ·  2024/08/09 16:18

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Avenue Therapeutics has completed the last patient visit in its Phase 1b/2a trial of AJ201 for spinal and bulbar muscular atrophy (SBMA), with topline data expected in H2 2024. The 12-week multicenter trial enrolled 25 patients to evaluate the safety and tolerability of AJ201, currently the most advanced investigational SBMA treatment in U.S. development.The company raised $4.4 million in gross proceeds through a warrant exercise transaction in May 2024. As of June 30, 2024, cash and cash equivalents stood at $4.9 million, up from $3.2 million in Q1. Q2 financial results showed R&D expenses of $1.4 million and G&A expenses of $1.5 million, with a net loss of $2.7 million ($6.43 per share).Avenue continues to advance its other pipeline candidates, including plans to initiate a Phase 2a trial of BAER-101 for focal epilepsy and a Phase 3 safety study of IV tramadol for post-operative pain, both pending additional financing. The company has also reached final agreement with FDA on the IV tramadol study protocol, which will involve approximately 300 post-bunionectomy patients.
Avenue Therapeutics has completed the last patient visit in its Phase 1b/2a trial of AJ201 for spinal and bulbar muscular atrophy (SBMA), with topline data expected in H2 2024. The 12-week multicenter trial enrolled 25 patients to evaluate the safety and tolerability of AJ201, currently the most advanced investigational SBMA treatment in U.S. development.The company raised $4.4 million in gross proceeds through a warrant exercise transaction in May 2024. As of June 30, 2024, cash and cash equivalents stood at $4.9 million, up from $3.2 million in Q1. Q2 financial results showed R&D expenses of $1.4 million and G&A expenses of $1.5 million, with a net loss of $2.7 million ($6.43 per share).Avenue continues to advance its other pipeline candidates, including plans to initiate a Phase 2a trial of BAER-101 for focal epilepsy and a Phase 3 safety study of IV tramadol for post-operative pain, both pending additional financing. The company has also reached final agreement with FDA on the IV tramadol study protocol, which will involve approximately 300 post-bunionectomy patients.
Avenue Therapeutics已完成其AJ201用於脊髓和延髓肌肉萎縮症(SBMA)的1b/2a期試驗最後一名患者的訪視,預計將在2024年下半年公佈初步數據。這項爲期12周的多中心試驗招募了25名患者,以評估AJ201的安全性和耐受性,目前是美國開發中最先進的SBMA實驗性治療。該公司在2024年5月通過認股權證交易籌集了440萬美元的毛收入。截至2024年6月30日,現金及現金等價物爲490萬美元,較第一季度的320萬美元有所上升。第二季度財務結果顯示,研發費用爲140萬美元,G&A費用爲150萬美元,淨虧損爲270萬美元(每股6.43美元)。Avenue仍在推進其其他管線候選藥物,包括計劃啓動BAER-101針對局竈性癲癇的2a期試驗和IV曲馬多針對術後疼痛的3期安全性研究,均待額外融資。該公司還已與FDA達成IV曲馬多研究協議的最終協議,該研究將涉及約300名術後足趾矯形手術患者。
Avenue Therapeutics已完成其AJ201用於脊髓和延髓肌肉萎縮症(SBMA)的1b/2a期試驗最後一名患者的訪視,預計將在2024年下半年公佈初步數據。這項爲期12周的多中心試驗招募了25名患者,以評估AJ201的安全性和耐受性,目前是美國開發中最先進的SBMA實驗性治療。該公司在2024年5月通過認股權證交易籌集了440萬美元的毛收入。截至2024年6月30日,現金及現金等價物爲490萬美元,較第一季度的320萬美元有所上升。第二季度財務結果顯示,研發費用爲140萬美元,G&A費用爲150萬美元,淨虧損爲270萬美元(每股6.43美元)。Avenue仍在推進其其他管線候選藥物,包括計劃啓動BAER-101針對局竈性癲癇的2a期試驗和IV曲馬多針對術後疼痛的3期安全性研究,均待額外融資。該公司還已與FDA達成IV曲馬多研究協議的最終協議,該研究將涉及約300名術後足趾矯形手術患者。
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