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Annovis Bio, Inc. (NYSE: ANVS) is a clinical-stage pharmaceutical company dedicated to developing novel therapies for neurodegenerative diseases such as Alzheimer’s Disease (AD) and Parkinson’s Disease (PD). Headquartered in Malvern, Pennsylvania, Annovis is pioneering innovative approaches to combat neurodegeneration by targeting multiple neurotoxic proteins simultaneously. The company’s lead compound, Buntanetap (formerly Posiphen or ANVS401), is designed to inhibit the formation of amyloid beta, tau, alpha-synuclein, and TDP43, aiming to improve synaptic transmission and axonal transport while reducing neuroinflammation.
Annovis Bio’s flagship product, Buntanetap, is in phase II/III clinical trials for the treatment of mild to moderate AD and early PD. The drug has shown promising results, demonstrating significant improvements in cognitive function and reducing neurotoxic biomarkers in patients. Alongside Buntanetap, the company is advancing ANVS405 for acute neurodegeneration post-traumatic brain injury and stroke, and ANVS301, currently in phase I trials, aimed at enhancing cognitive capabilities in advanced AD and dementia.
Founded in 2008 by Dr. Maria Maccecchini, Ph.D., Annovis Bio continues to focus on restoring brain function to alleviate symptoms and improve the quality of life for individuals affected by neurodegenerative diseases. The company has established itself as a leader in the field through partnerships, rigorous scientific research, and a commitment to transparency with all stakeholders.
Recent achievements include the completion of a Phase II/III study of Buntanetap in Alzheimer’s patients, demonstrating a statistically significant improvement in cognition and a favorable safety profile. Additionally, Annovis has filed a patent application for the use of Buntanetap in treating neuropsychiatric conditions such as autism and bipolar disorder, highlighting the drug’s versatile potential.
A financial overview reveals that Annovis ended the first quarter of 2024 with $3.1 million in cash, ensuring operational sustainability into the fourth quarter through strategic financial management. The company has actively engaged with the scientific and investment communities, participating in notable conferences like the International Conference on Alzheimer’s and Parkinson’s Diseases and hosting investor calls to discuss clinical milestones and future plans.
For more information about Annovis Bio, visit their website and follow them on LinkedIn and X (formerly Twitter).
Annovis Bio (NYSE: ANVS) has initiated a Phase 3 clinical trial for buntanetap, aimed at treating early Parkinson's Disease (PD). The trial will involve 450 patients over six months, assessing efficacy, safety, and tolerability with primary endpoints including MDS-UPDRS scores. Previous Phase 2a results indicated significant improvements in motor function without major adverse events. The CEO expressed optimism about the potential of buntanetap to enhance patient quality of life. This study seeks to confirm earlier promising outcomes and advance towards regulatory approval.
Annovis Bio, a clinical-stage company targeting neurodegenerative diseases, reported its Q2 2022 financial results. The FDA approved the Phase 3 clinical trial design for its drug, buntanetap, in early Parkinson's patients. The company also submitted an international patent for treating neurological injuries from infections and announced a collaboration with the National Institute on Aging to develop biomarkers. Financially, it holds $36 million in cash, with Q2 expenses totaling $8.7 million in net losses compared to $2.5 million a year prior.
Annovis Bio, Inc. (NYSE: ANVS) announced that CEO Maria Maccecchini will participate in a panel on the Systems Biology of Alzheimer's Disease at the Alzheimer's Association International Conference on August 4, 2022. The panel aims to discuss advanced therapeutic approaches for Alzheimer's and features notable experts including Jeffrey Cummings and Krista Lanctôt. The company’s drug, Buntanetap, has shown promise in improving cognition in Alzheimer's patients and motor function in Parkinson's patients during Phase 2 clinical trials. For more info, visit www.annovisbio.com.
Annovis Bio, Inc. (NYSE: ANVS) announced that its Founder, President, and CEO, Maria Maccecchini, Ph.D., will participate in the Systems Biology of Alzheimer's Disease Panel at the Alzheimer's Association International Conference on August 4, 2022. The panel, moderated by Jeffrey Cummings, MD, and Krista Lanctôt, Ph.D., will discuss innovative therapeutic approaches for Alzheimer's disease. Buntanetap, Annovis's lead compound, has shown promise in clinical trials, improving cognition in Alzheimer's and motor function in Parkinson's patients.
Annovis Bio, Inc. (NYSE: ANVS) announced that the FDA has approved its Phase 3 clinical study of buntanetap for early Parkinson's disease. Following a successful Type B meeting earlier this year, the FDA accepted the final protocol and clinical development plan, allowing longer duration studies. The study will involve 100 sites in the US and EU, with expected recruitment later this summer. Previous Phase 2 trials indicated statistically significant improvements in motor function for PD and cognitive function for AD patients. This progress positions Annovis favorably in the neurodegenerative treatment landscape.
Annovis Bio has submitted an international patent application for Buntanetap, its lead compound, to treat neurological injuries caused by infections. This patent aims to expand its existing intellectual property portfolio, which already covers various neurodegenerative diseases like Alzheimer's and Parkinson's. If granted, the patent could protect the company’s innovations until 2042. Data indicates Buntanetap decreases neurotoxic protein levels and shows promise in clinical trials, enhancing cognitive and motor functions in patients.
Lantern Pharma (NASDAQ: LTRN) announced Dr. Maria L. Maccecchini as a nominee for its Board of Directors during the Annual Meeting on June 8, 2022. Dr. Maccecchini, a seasoned biopharmaceutical executive, brings decades of experience, particularly in neurodegenerative diseases. Concurrently, Leslie W. Kreis, Jr. will not seek reelection. Lantern's President, Panna Sharma, emphasized Dr. Maccecchini's potential contributions to ongoing clinical trials. Lantern is focused on utilizing its RADR® platform to enhance oncology drug development.
Annovis Bio, Inc. (NYSE American: ANVS), a clinical-stage company focused on neurodegenerative diseases, will have CEO Maria L. Maccecchini present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The presentation will be available on demand for attendees. Annovis is developing treatments targeting Alzheimer's and Parkinson's diseases, with ongoing Phase 2 studies assessing their drug's efficacy in improving memory loss and brain function. For more details, visit www.annovisbio.com.
On March 11, 2021, Annovis Bio, ANVS, announced that Dr. Maria Maccecchini, its Founder and CEO, will attend the Q1 Virtual Investor Summit from March 23-25, 2021. Dr. Maccecchini's presentation is scheduled for March 24 at 11:30 AM ET. The summit aims to connect smallcap and microcap companies with investors, featuring 100 companies and over 300 participants.
For registration details, visit www.investorsummitgroup.com. Annovis focuses on developing treatments for neurodegenerative diseases like Alzheimer's and Parkinson's.
On February 16, 2021, Annovis Bio (NYSE: ANVS), a clinical-stage company focused on treatments for neurodegenerative diseases, announced that Dr. Maria Maccecchini will present at the BIO CEO & Digital Conference from February 16-18. The presentation will be available on demand for registered attendees. Annovis Bio aims to address Alzheimer's disease, Parkinson's disease, and Alzheimer’s in Down Syndrome by developing a unique drug that targets multiple neurotoxic proteins, improving nerve cell function. The company is conducting two Phase 2a trials on patients with AD and PD.
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