Athira decimated by dismal Alzheimer's results

23 June 2022
athira_pharma_large

Shares in Athira Pharma (Nasdaq: ATHA), a US biopharma focused on developing small molecules to restore neuronal health and slow neurodegeneration, closed nearly 70% lower on Wednesday.

Athira had earlier announced top-line results from its exploratory ACT-AD Phase II study of fosgonimeton (ATH-1017) in patients with mild-to-moderate Alzheimer’s disease (AD).

"Our strong cash position allows us to continue to progress fosgonimeton development"Fosgonimeton is a small molecule designed to enhance the activity of hepatocyte growth factor (HGF) and its receptor, MET, which are expressed in the central nervous system to promote brain health and function.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical