STOCK TITAN

Annexon, Inc. - ANNX STOCK NEWS

Welcome to our dedicated page for Annexon news (Ticker: ANNX), a resource for investors and traders seeking the latest updates and insights on Annexon stock.

About Annexon, Inc.

Annexon, Inc. (Nasdaq: ANNX) is a clinical-stage biopharmaceutical company pioneering innovative therapies to address classical complement-mediated neuroinflammatory diseases. By targeting the upstream C1q protein, Annexon’s proprietary platform aims to halt the inflammatory cascade at its source, providing a novel approach to treating autoimmune, neurodegenerative, and ophthalmic disorders. The company’s mission centers on delivering transformative, disease-modifying therapeutics to patients suffering from debilitating conditions of the body, brain, and eye.

Core Therapeutic Areas and Pipeline

Annexon’s pipeline spans three key therapeutic areas:

  • Autoimmune Diseases: ANX005, a monoclonal antibody, is advancing as a potential first-in-class treatment for Guillain-Barré Syndrome (GBS). This therapy aims to rapidly block C1q and the classical complement pathway, reducing nerve damage and improving recovery outcomes.
  • Neurodegenerative Diseases: The company is exploring therapies for conditions like Huntington’s disease through its targeted complement inhibition strategy, addressing unmet needs in chronic neuroinflammation.
  • Ophthalmic Disorders: ANX007, an intravitreal antigen-binding fragment (Fab), is designed to protect vision in patients with Geographic Atrophy (GA), a leading cause of blindness. It is the only investigational therapy shown to preserve both visual acuity and retinal structure in clinical trials.

Scientific Innovation and Competitive Advantage

Annexon’s approach is rooted in decades of research on the classical complement pathway. By focusing on upstream C1q, the company addresses the root causes of inflammation and tissue damage, distinguishing itself from competitors targeting downstream components. This upstream inhibition strategy has demonstrated robust clinical efficacy across multiple indications, including Guillain-Barré Syndrome and Geographic Atrophy, with favorable safety profiles.

Regulatory Progress and Market Potential

Annexon’s late-stage clinical programs have garnered significant regulatory support, including Fast Track and Orphan Drug Designations from the FDA and Priority Medicine (PRIME) designation from the European Medicines Agency. These designations underscore the potential of Annexon’s therapies to address high unmet medical needs and accelerate their path to market. The company’s focus on diseases with significant patient populations, such as GA (affecting over 8 million people globally) and GBS, positions it for substantial market impact.

Commitment to Patients and Stakeholders

Annexon is committed to advancing its pipeline with scientific rigor and urgency, aiming to deliver first-in-kind therapies that improve patient outcomes and quality of life. With a strong balance sheet and a robust clinical development strategy, the company is well-positioned to achieve its mission of transforming the treatment landscape for neuroinflammatory diseases.

Rhea-AI Summary
Annexon, Inc. (ANNX) will participate in a panel discussion at the TD Cowen 44th Annual Health Care Conference. The event will focus on Ophthalmology, showcasing the company's complement-based medicines for inflammatory diseases. Douglas Love, the CEO, will represent Annexon in Boston, MA, on March 5, 2024, at 12:10 p.m. ET. Investors can access the live webcast on the company's website and view the replay for 30 days post-event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
conferences
-
Rhea-AI Summary
Annexon, Inc. (Nasdaq: ANNX) will host a virtual R&D Day featuring GBS experts to discuss Guillain-Barré syndrome and their investigational monoclonal antibody ANX005. The event will highlight the current treatment landscape, Annexon's Phase 3 trial, and the commercial approach to the GBS market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.39%
Tags
conferences
-
Rhea-AI Summary
Annexon, Inc. granted an equity award to a new non-executive employee under the 2022 Employment Inducement Award Plan. The employee received an option to purchase 10,800 shares of Annexon common stock at an exercise price of $5.13 per share, vesting over 4 years. The award was approved on February 16, 2024, in compliance with Nasdaq Listing Rule 5635(c)(4).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.39%
Tags
none
Rhea-AI Summary
Annexon, Inc. (ANX) outlines strategic priorities for 2024, including late-stage clinical milestones for ANX005 in Guillain-Barré Syndrome, ANX007 in Geographic Atrophy, and ANX1502 for autoimmune indications. The company has reported successful $125 million financing, extending its operating runway into the second quarter of 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.46%
Tags
none
-
Rhea-AI Summary
Annexon, Inc. (ANNX) to Present at 42nd Annual J.P. Morgan Healthcare Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.99%
Tags
conferences
-
Rhea-AI Summary
Annexon, Inc. (NASDAQ: ANNX) announced the pricing of an underwritten public offering of 25,035,000 shares of its common stock and pre-funded warrants to purchase 18,379,861 shares of common stock. The total gross proceeds are expected to be approximately $125.0 million. The offering is expected to close on December 26, 2023. Jefferies and TD Cowen are acting as joint book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.51%
Tags
Rhea-AI Summary
Annexon, Inc. (Nasdaq: ANNX) outlines global registrational program for ANX007, a first-in-class C1q and classical complement inhibitor, for the treatment of patients with geographic atrophy (GA). The company has gained alignment with the U.S. Food and Drug Administration (FDA) on a Phase 3 registration program that includes using the prevention of ≥15-letter loss of best corrected visual acuity (BCVA) as the primary outcome measure. The program will initiate with ARCHER II, a global sham-controlled trial, and ARROW, a head-to-head trial using SYFOVRE® as an injection comparator, expected to initiate in mid-2024 and late 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.51%
Tags
-
Rhea-AI Summary
Annexon, Inc. (ANX) reports successful Phase 1 trial results for ANX1502, a first-in-kind oral, selective small molecule inhibitor targeting the active form of C1s. The drug achieved target serum levels, demonstrated supportive impact on a key biomarker, and was generally well tolerated. The company plans to advance a tablet formulation of ANX1502 into a proof-of-concept study in patients with Cold Agglutinin Disease (CAD) in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.51%
Tags
-
Rhea-AI Summary
Annexon, Inc. (Nasdaq: ANNX) announces the granting of inducement awards to three new non-executive employees under the 2022 Employment Inducement Award Plan, with options to purchase 108,000 shares of Annexon common stock. The options have a ten-year term, an exercise price per share of $2.79, and vest over 4 years, subject to continued service through the applicable vesting dates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.17%
Tags
none
Rhea-AI Summary
Annexon, a clinical-stage biopharmaceutical company (Nasdaq: ANNX), will have its president and CEO, Douglas Love, participate in a fireside chat during the 6th Annual Evercore ISI HealthCONx Conference on November 29, 2023. The company is developing complement-based medicines for inflammatory-related diseases. A live webcast of the event will be available on the Investors page at www.annexonbio.com, with a replay archived for 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.37%
Tags
conferences

FAQ

What is the current stock price of Annexon (ANNX)?

The current stock price of Annexon (ANNX) is $2.64 as of February 28, 2025.

What is the market cap of Annexon (ANNX)?

The market cap of Annexon (ANNX) is approximately 266.5M.

What is Annexon, Inc.'s primary focus?

Annexon focuses on developing therapies targeting classical complement-mediated neuroinflammatory diseases, addressing conditions like Guillain-Barré Syndrome and Geographic Atrophy.

What is Annexon’s flagship therapy for Guillain-Barré Syndrome (GBS)?

ANX005 is Annexon’s lead therapy for GBS, designed to block C1q and the classical complement pathway, providing rapid and durable neuroprotection.

How does Annexon differentiate itself in the biopharmaceutical industry?

Annexon targets upstream C1q in the complement cascade, addressing the root cause of inflammation and tissue damage, unlike competitors focusing on downstream components.

What is ANX007, and what condition does it target?

ANX007 is an intravitreal Fab therapy designed to treat Geographic Atrophy (GA), preserving vision by protecting retinal structures and preventing vision loss.

What regulatory designations has Annexon received for its therapies?

Annexon has received Fast Track and Orphan Drug Designations from the FDA and Priority Medicine (PRIME) designation from the EMA for its late-stage therapies.

What is the significance of Annexon’s focus on the classical complement pathway?

By targeting upstream C1q, Annexon’s therapies aim to prevent the initiation of the inflammatory cascade, offering a novel approach to treating neuroinflammatory diseases.

What diseases does Annexon’s pipeline address?

Annexon’s pipeline targets autoimmune diseases like GBS, neurodegenerative disorders like Huntington’s disease, and ophthalmic conditions like Geographic Atrophy.

What makes Annexon’s therapies first-in-class?

Annexon’s therapies are the first to target C1q in the classical complement pathway, providing a unique mechanism of action to halt disease progression at its source.
Annexon, Inc.

Nasdaq:ANNX

ANNX Rankings

ANNX Stock Data

266.48M
98.66M
0.5%
106.1%
7.35%
Biotechnology
Pharmaceutical Preparations
Link
United States
BRISBANE