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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公佈2024年第三季度財務業績和近期公司亮點
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報告2024年第三季度淨虧損爲310萬美元(每股1.92美元),而2023年第三季度凈利潤爲50萬美元。研發費用同比增加至230萬美元,較之90萬美元,而管理費用則從120萬美元減少至80萬美元。截止到2024年9月30日,現金狀況爲260萬美元,低於2024年第二季度的490萬美元。該公司預計將在2024年底發佈AJ201用於脊髓和延髓肌肉萎縮症的1b/2a期試驗的初步數據。爲期12周的研究招募了25名患者,以評估AJ201(600毫克/天)與安慰劑的安全性和耐受性,並進行了多種生物標誌物的分析。Avenue計劃在額外融資的前提下,啓動BAER-101在局竈性癲癇患者中的2a期試驗,以及IV曲馬多用於術後疼痛的3期安全性研究。IV曲馬多研究將隨機選擇300名術後矯形手術患者,比較IV曲馬多與IV嗎啡在48小時內的效果。
Avenue Therapeutics報告2024年第三季度淨虧損爲310萬美元(每股1.92美元),而2023年第三季度凈利潤爲50萬美元。研發費用同比增加至230萬美元,較之90萬美元,而管理費用則從120萬美元減少至80萬美元。截止到2024年9月30日,現金狀況爲260萬美元,低於2024年第二季度的490萬美元。該公司預計將在2024年底發佈AJ201用於脊髓和延髓肌肉萎縮症的1b/2a期試驗的初步數據。爲期12周的研究招募了25名患者,以評估AJ201(600毫克/天)與安慰劑的安全性和耐受性,並進行了多種生物標誌物的分析。Avenue計劃在額外融資的前提下,啓動BAER-101在局竈性癲癇患者中的2a期試驗,以及IV曲馬多用於術後疼痛的3期安全性研究。IV曲馬多研究將隨機選擇300名術後矯形手術患者,比較IV曲馬多與IV嗎啡在48小時內的效果。
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