Successful Dosing in Key Clinical Trials
First participants were dosed in the pivotal Phase 3 LUCIDITY clinical trial of avexitide for post-bariatric hypoglycemia and in the Phase 1 LUMINA trial of AMX0114 for ALS.
Financial Position Strengthened
Raised approximately $65.5 million, extending cash runway through the end of 2026. Ended the quarter with a cash position of $204.1 million.
Progress in Clinical Programs
Reported positive top-line data from the Phase 2 HELIOS trial for Wolfram syndrome. Enrollment completed for the Phase 2b ORION trial in PSP.
FDA Breakthrough Therapy Designation
Avexitide received FDA breakthrough therapy designation for post-bariatric hypoglycemia, highlighting its potential impact.
Decrease in Operating Expenses
Total operating expenses for the quarter were $37.8 million, down 82% from the same period in 2024.