Progress in Avexitide Clinical Trials
The Phase III LUCIDITY trial for Avexitide is underway, with recruitment expected to be completed by year-end and data expected in the first half of 2026.
Strong Financial Position
The company ended the second quarter with $180.8 million in cash, down from $204.1 million, but sufficient to fund operations through 2026.
Pipeline Expansion
AMX0114 received Fast Track designation from the FDA and is progressing in the Phase I LUMINA trial for ALS.
Phase IIb/III ORION Trial for AMX0035
The trial is ongoing for progressive supranuclear palsy, with top-line data expected this quarter.
Reduction in Operating Expenses
Operating expenses were significantly reduced by 43% compared to the same period in 2024.