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Athira Pharma, Inc. (NASDAQ: ATHA) is a late clinical-stage biopharmaceutical company based in the Seattle, Washington area, dedicated to developing small molecule therapeutics aimed at restoring neuronal health and slowing neurodegeneration. Athira's innovative pipeline includes several promising compounds, particularly targeting the neurotrophic hepatocyte growth factor (HGF) system, which plays a crucial role in nervous system maintenance and repair.
The company’s lead candidate, Fosgonimeton (ATH-1017), is a subcutaneously administered small molecule designed to positively modulate the HGF/MET system. It is currently being evaluated in the Phase 2/3 LIFT-AD clinical trial for the treatment of mild-to-moderate Alzheimer’s disease, with topline data expected in the second half of 2024. Fosgonimeton has shown potential in enhancing neuroprotective, neurotrophic, and anti-inflammatory pathways, which are critical in combating neurodegenerative diseases such as Alzheimer’s and Parkinson’s disease.
In addition to Fosgonimeton, Athira’s pipeline includes ATH-1105 and ATH-1020, both designed to be orally available treatments enhancing the HGF/MET system. ATH-1105 is particularly promising in preclinical models of amyotrophic lateral sclerosis (ALS), demonstrating significant neuroprotective effects, enhanced survival, and improved motor and nerve functions. The company plans to initiate first-in-human studies for ATH-1105 in the first half of 2024.
Athira's research is bolstered by funding from notable organizations such as the Alzheimer’s Drug Discovery Foundation, Washington’s Life Sciences Discovery Fund, and Dolby Family Ventures. This support underscores the company’s strong financial position and its capacity to advance its therapeutic candidates through key development milestones.
Recent updates highlight the therapeutic potential of Athira’s small molecules. For instance, fosgonimeton has demonstrated promising results in preclinical models of Alzheimer’s and Parkinson’s diseases, showing neuroprotective effects and improvement in cognitive and motor functions. Additionally, ATH-1105's preclinical studies have shown consistent beneficial effects in ALS models, reinforcing Athira’s approach and commitment to developing novel therapies for neurodegenerative diseases.
Athira is also active in the scientific community, regularly presenting its findings at major conferences and publishing in peer-reviewed journals. The company’s efforts are focused on leveraging its patented technologies to develop cost-effective treatments that address the root causes of neurodegenerative diseases, setting it apart from competitors that primarily target disease symptoms.
For more information about Athira Pharma, Inc., visit www.athira.com and follow the company on Facebook, LinkedIn, X (formerly known as Twitter), and Instagram.
Athira Pharma announced the appointment of Mark Litton, Ph.D., M.B.A., as the new CEO, succeeding Dr. Leen Kawas, who has resigned amid an investigation into allegations regarding her doctoral research. The special committee found that Dr. Kawas altered images in her past research, but clarified that this did not involve the company’s lead candidate, ATH-1017. This candidate is currently in late-stage development for Alzheimer’s treatment, with promising results from prior trials. The company emphasizes its commitment to integrity and scientific research.
Athira Pharma (NASDAQ: ATHA) announced updates on its ongoing Phase 2 and Phase 2/3 clinical trials for ATH-1017, a small molecule therapeutic targeting Alzheimer’s disease. The data will be presented at the 2021 Clinical Trials on Alzheimer’s Disease (CTAD) conference from Nov. 9-12, 2021. The presentation, titled "Phase 2/3 trials of ATH-1017," will be delivered by CMO Hans Moebius on Nov. 10 at 1:55 p.m. ET.
Athira Pharma, operating under the ticker ATHA, focuses on developing novel therapies to combat neurodegeneration. On August 25, 2021, Chief Medical Officer Hans Moebius will present at the Annual Biomarkers for Alzheimer’s Disease Summit, highlighting the use of Evoked-Response Potentials (ERPs), specifically ERP P300, in Alzheimer's drug development. This presentation will showcase advancements in non-invasive biomarkers utilized in Athira’s Phase 1 clinical trials.
Athira Pharma (NASDAQ: ATHA) reported significant advancements in its clinical initiatives, including the initiation of an open-label extension for the LIFT-AD and ACT-AD trials of ATH-1017. This extension allows participants to receive an additional 26 weeks of treatment, aiming to enhance understanding of long-term safety and efficacy. Financially, the company had a net loss of $14 million for Q2 2021, an increase from $2 million the previous year, with R&D expenses rising to $12 million. Cash reserves stood at $349.9 million as of June 30, 2021.
Athira Pharma, Inc. (NASDAQ: ATHA) announces the unexpected passing of Dr. Tadataka Yamada, the chair of its board of directors, effective August 5, 2021. Dr. Yamada had been with the company since June 2019 and contributed significantly to science and medicine. His background includes leadership roles in prominent healthcare organizations and awards recognizing his contributions. The company extends condolences to his family and friends. Athira Pharma focuses on developing therapies for neurodegenerative diseases, specifically advancing its lead drug candidate, ATH-1017, for Alzheimer’s and Parkinson’s dementia.
Athira Pharma (NASDAQ: ATHA) announced it will present clinical EEG data from its Phase 1 a/b trial of ATH-1017 at the Alzheimer’s Association International Conference 2021 (AAIC), taking place July 26-30, 2021. The presentation, featuring data on neurophysiological changes in Alzheimer’s patients, will be accessible on the AAIC platform and Athira's website. ATH-1017 aims to enhance the activity of Hepatocyte Growth Factor (HGF) to combat neurodegeneration, including Alzheimer's and Parkinson's dementia. The company is committed to advancing therapeutic solutions for cognitive improvement.
Athira Pharma announced the enrollment of patients in an open-label extension study for ATH-1017, a treatment for mild-to-moderate Alzheimer’s disease, following ongoing Phase 2/3 trials, LIFT-AD and ACT-AD. This extension allows for up to 26 weeks of additional therapy, generating crucial data on safety and efficacy. ATH-1017 aims to enhance cognitive function by targeting Hepatocyte Growth Factor (HGF) and its receptor, MET. Positive Phase 1a/b results showed improvement in cognitive metrics, and patent protection for ATH-1017 extends until June 2037.
A class action lawsuit has been filed against Athira Pharma (NASDAQ: ATHA) by Keller Rohrback and Longman Law, P.C. The case follows allegations of misrepresentation in Athira's IPO registration statement, particularly concerning CEO Dr. Leen Kawas. After Dr. Kawas was placed on temporary leave due to allegations of falsifying research results, Athira's stock plummeted nearly 40% from $18.24 to $11.15 per share, below the IPO price of $17.00. The lawsuit seeks remedies under the Securities Act of 1933 for affected shareholders.
Washington State University has initiated a review of potential research misconduct claims involving former student Leen Kawas, now the CEO of Athira Pharma (NASDAQ: ATHA). The Athira board has placed Kawas on temporary leave while it conducts its own investigation into her doctoral research. WSU emphasizes its commitment to high ethical standards in research and is adhering to its Executive Policy 33 for handling such allegations. Further details will be withheld until the review is concluded.
Athira Pharma has placed Leen Kawas on temporary leave pending a review related to her doctoral research at Washington State University. Mark Litton, currently COO, will take over leadership responsibilities. An independent committee has been formed for the review. Despite this, the company remains confident in its lead drug ATH-1017, which has shown promising results in clinical trials for improving cognitive functions and addressing neurodegenerative diseases. Athira emphasizes its commitment to scientific integrity amidst this review process.
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