Annovis Bio reports Q3 net loss of $14.7M vs. $6.4M last year

CEO Maria LMaccecchini said, “It is tremendously rewarding and important that our drug is safe, well-tolerated, and easily administered as a once-a-day pill. The only two FDA-approved drugs for Alzheimer’s Disease require I.V. infusions and repeated brain imaging, and have well-documented, serious side effects that manifest as brain swelling or brain bleeding. As buntanetap continues to show significant progress through clinical trials, we remain on course and anticipate having topline data with good news to share on our PD study around the end of January 2024, and on our AD study in Q1 of 2024. The positive momentum we’re building with this drug is reflected in the more than 800% annual growth rate of our company over the last two years. The crystalline form of buntanetap will allow us to have a new 20-year patent protection for Annovis Bio to continue to move forward. There’s growing interest and excitement in the scientific and investment communities about our drug’s very real potential to not just alleviate devastating neurodegenerative disease symptoms but ultimately change the course of the diseases themselves”.