Financial PerformanceAnnovis reported 2Q25 results with a net loss of ($6.2M) and ended the period with $17.1M in cash on the balance sheet.
Operational RisksRisks include failure to initiate trials in a timely manner, negative clinical data for buntanetap, inability to establish partnerships to commercialize buntanetap, failure to secure approval, slower-than-anticipated market uptake, and possible medium-term dilution risk.
Regulatory ApprovalReducing the 12-month price target to $10 from $12 reflects a lengthier time to potential approval of buntanetap.