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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, 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.
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Annexon, Inc. (Nasdaq: ANNX) - Prioritizing ANX005 for Guillain-Barré Syndrome (GBS), ANX007 for Geographic Atrophy (GA), and First-in-Kind Complement Small Molecule, ANX1502. Third quarter 2023 financial results reported. ANX005 Phase 3 Pivotal Data in GBS On Track for First Half of 2024. ANX007 Awarded First-Ever PRIME Designation for the Treatment of GA. ANX1502 Phase 1 Data on Track for Q4 2023.
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ANNX: Annexon, Inc. to Participate in Fireside Chat at 2023 Jefferies London Healthcare Conference. Douglas Love, president and CEO, to discuss complement-based medicines for inflammatory-related diseases. Live webcast available on Annexon website.
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Annexon, Inc. has received PRIME designation from the European Medicines Agency (EMA) for its therapeutic candidate ANX007, which showed significant preservation of visual function in patients with geographic atrophy (GA) secondary to age-related macular degeneration (AMD). The Phase 2 ARCHER trial data demonstrated a durable and dose-dependent impact on visual function, including improved best corrected visual acuity (BCVA). Annexon plans to engage with regulatory authorities to design a global pivotal Phase 3 program for ANX007.
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Annexon, Inc. grants inducement to two new non-executive employees under the 2022 Employment Inducement Award Plan.
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ANX005 granted orphan drug designation by the European Medicines Agency for the treatment of GBS. Target enrollment achieved in Phase 3 pivotal study. Company on track to report pivotal data in the first half of 2024.
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Annexon, Inc. CEO to participate in fireside chat at Cantor Global Healthcare Conference
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Annexon, Inc. grants inducement to new non-executive employee with an option to purchase 130,000 shares of Annexon common stock.
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Annexon, Inc. highlights progress in clinical-stage portfolio of complement medicines for autoimmune, neurodegenerative, and ophthalmic disorders. Recent ARCHER trial results demonstrate preservation of visual function in patients with Geographic Atrophy. Multiple key catalysts expected in H2 2023. Strong financial position with operating runway into 2025.
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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
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United States
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