Athira Pharma presented preclinical data on ATH-1105's neuroprotective effects in ALS at an international symposium in Montreal.
Quiver AI Summary
Athira Pharma, Inc., a clinical-stage biopharmaceutical company, presented promising preclinical data on its drug ATH-1105 at the Motor Neurone Disease Association’s International Symposium on ALS/MND in Montreal. The data indicated that ATH-1105 shows neuroprotective effects in human models of ALS, specifically in motor neurons with the SOD1-A4V mutation. Key findings included the promotion of MET receptor activation, enhanced survival of motor neurons under glutamate stress, and maintained neurite structures. Currently, ATH-1105 is undergoing a Phase 1 trial to assess its safety and tolerability. Athira aims to use this drug to combat neurodegenerative diseases, focusing on restoring neuronal health.
Potential Positives
- Athira Pharma presented significant preclinical data on ATH-1105 at a prominent international symposium, increasing visibility within the scientific community.
- The data highlighted the neuroprotective effects of ATH-1105 in human motor neurons, indicating potential advancements in treating ALS.
- The presentation confirms ATH-1105's ability to enhance motor neuron survival under challenging conditions, supporting its therapeutic potential in neurodegenerative diseases.
- The ongoing Phase 1 trial evaluating the safety and tolerability of ATH-1105 indicates progress in bringing the drug closer to potential approval and market introduction.
Potential Negatives
- The press release heavily emphasizes preclinical data without providing evidence from clinical trials, which may raise concerns about the viability and safety of ATH-1105 in human patients.
- The disclaimer regarding forward-looking statements highlights substantial risks and uncertainties that could significantly impact the future success of Athira's drug candidates, indicating that positive outcomes are not guaranteed.
- Potential delays or difficulties in recruiting sufficient patients for clinical trials could hinder the development timeline of ATH-1105 and other drug candidates.
FAQ
What is ATH-1105 and its purpose?
ATH-1105 is a small-molecule drug aimed at treating amyotrophic lateral sclerosis (ALS) and other neurodegenerative diseases by restoring neuronal health.
What were the key findings presented at the ALS/MND Symposium?
The presentation highlighted ATH-1105's neuroprotective effects in human motor neurons, enhancing survival and preserving neurite networks after a glutamate challenge.
Who presented the data on ATH-1105?
Dr. Sherif Reda, Associate Director of Discovery Biology at Athira Pharma, presented the findings at the symposium on December 6, 2024.
Where can I find more information about Athira Pharma?
More information about Athira Pharma can be found on their official website at www.athira.com and their social media channels.
What is the current status of ATH-1105's clinical trials?
ATH-1105 is currently undergoing a Phase 1 double-blind, placebo-controlled trial to evaluate its safety and tolerability in volunteers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATHA Insider Trading Activity
$ATHA insiders have traded $ATHA stock on the open market 7 times in the past 6 months. Of those trades, 2 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $ATHA stock by insiders over the last 6 months:
- ANDREW GENGOS (CFO and Chief Business Officer) sold 1,272 shares.
- RACHEL LENINGTON (COO and CDO) sold 2,525 shares.
- KEVIN CHURCH (CHIEF SCIENTIFIC OFFICER) sold 2,525 shares.
- MARK WORTHINGTON (GENERAL COUNSEL) sold 2,525 shares.
- MARK JAMES LITTON (President and CEO) sold 5,032 shares.
- KELLY A ROMANO has traded it 2 times. They made 2 purchases, buying 42,400 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ATHA Hedge Fund Activity
We have seen 23 institutional investors add shares of $ATHA stock to their portfolio, and 42 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAKER BROS. ADVISORS LP removed 3,153,807 shares (-100.0%) from their portfolio in Q3 2024
- WASATCH ADVISORS LP removed 1,296,128 shares (-100.0%) from their portfolio in Q3 2024
- BML CAPITAL MANAGEMENT, LLC removed 900,000 shares (-100.0%) from their portfolio in Q3 2024
- JACOBS LEVY EQUITY MANAGEMENT, INC removed 506,815 shares (-100.0%) from their portfolio in Q3 2024
- TANG CAPITAL MANAGEMENT LLC removed 452,715 shares (-43.0%) from their portfolio in Q3 2024
- GSA CAPITAL PARTNERS LLP added 357,787 shares (+909.8%) to their portfolio in Q3 2024
- BRISTLECONE ADVISORS, LLC added 252,200 shares (+295.6%) to their portfolio in Q3 2024
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Full Release
BOTHELL, Wash., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Athira Pharma, Inc. (NASDAQ: ATHA), a clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration, today presented preclinical data highlighting target engagement and neuroprotective effects of ATH-1105 in human motor neurons at the Motor Neurone Disease Association’s 35 th International Symposium on ALS/MND, taking place Dec. 6-8, 2024, in Montreal, Canada.
“The preclinical data presented demonstrate for the first time the neuroprotective effects of ATH-1105 in human models of ALS, including human iPSC-derived motor neurons expressing the SOD1-A4V mutation,” said Kevin Church, Ph.D., Chief Scientific Officer of Athira. “These findings add to our significant body of preclinical evidence for ATH-1105 that have previously demonstrated improvements in nerve and motor function, biomarkers of inflammation and neurodegeneration, and survival in animal models of ALS.”
Presentation Details:
Title
: ATH-1105, a small-molecule positive modulator of the neurotrophic HGF system, is neuroprotective in co-culture of human iPSC-derived motor neurons and muscle
Poster
: # HCB-28
Date/Time
: Friday, December 6, 5:30 p.m. EST
Presenter
: Sherif Reda, Ph.D., Associate Director, Discovery Biology, Athira Pharma
Highlights of this presentation include:
- ATH-1105 promoted activation of MET (HGF receptor) in ALS patient-derived motor neurons.
- ATH-1105 enhanced motor neuron survival and preserved neurite networks following glutamate challenge in primary rat spinal motor neurons.
- ATH-1105 demonstrated neuroprotective activity through the MET receptor; following siRNA-mediated knockdown of MET, the neuroprotective effects of ATH-1105 on neuronal survival and neurite networks were abolished.
- In a neuromuscular junction model consisting of human iPSC-derived SOD1 A4V motor neurons and human muscle, ATH-1105 enhanced motor neuron survival and preserved neurite networks following glutamate challenge.
About ATH-1105
ATH-1105 is an oral, brain-penetrant, small-molecule positive modulator of the neurotrophic HGF system in development for the potential treatment of amyotrophic lateral sclerosis (ALS) and other neurodegenerative diseases. ATH-1105 is currently in a Phase 1 (
NCT 06432647
) double-blind, placebo-controlled trial in volunteers to evaluate single and multiple oral ascending doses of ATH-1105. The study is evaluating the safety and tolerability of ATH-1105 and includes measurements of pharmacokinetic outcomes.
About Athira Pharma, Inc.
Athira Pharma, Inc., headquartered in the Seattle, Washington area, is a clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration. Athira aims to alter the course of neurological diseases by advancing its pipeline of drug candidates that modulate the neurotrophic HGF system. For more information, visit
w
ww.athira.com
. You can also follow Athira on
Facebook
,
LinkedIn
,
X
(formerly known as Twitter) and
Instagram
.
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not based on historical fact and include statements regarding: Athira’s drug candidates as potential treatments for amyotrophic lateral sclerosis and other neurodegenerative diseases; future development plans; the potential learnings from preclinical studies and other nonclinical data and their ability to inform and improve future clinical development plans; expectations regarding the potential efficacy and commercial potential of Athira’s drug candidates; and Athira’s ability to advance its drug candidates into later stages of development. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “on track,” “would,” “expect,” “plan,” “believe,” “intend,” “pursue,” “continue,” “suggest,” “potential,” “target,” and similar expressions. Any forward-looking statements are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the data from preclinical and clinical trials may not support the safety, efficacy and tolerability of Athira’s drug candidates; development of drug candidates may cease or be delayed; regulatory authorities could object to protocols, amendments and other submissions; future potential regulatory milestones for drug candidates, including those related to current and planned clinical studies, may be insufficient to support regulatory submissions or approval; whether Athira’s trials are sufficiently powered to meet the planned endpoints; Athira may not be able to recruit sufficient patients for its clinical trials; the outcome of legal proceedings that have been or may in the future be instituted against Athira, its directors and officers; possible negative interactions of Athira's drug candidates with other treatments; Athira’s assumptions regarding its financial condition and the sufficiency of its cash, cash equivalents and investments to fund its planned operations may be incorrect; adverse conditions in the general domestic and global economic markets; the impact of competition; the impact of new or changing laws and regulations; risks related to Athira’s exploration of strategic alternatives; as well as the other risks detailed in Athira’s filings with the Securities and Exchange Commission from time to time. These forward-looking statements speak only as of the date hereof and Athira undertakes no obligation to update forward-looking statements. Athira may not actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and you should not place undue reliance on the forward-looking statements.
Investor & Media Contact:
Julie Rathbun
Athira Pharma
[email protected]
206-769-9219
Corporate Development Contact:
Maya Kneip
Program Manager, Portfolio & Program Management
[email protected]
(206) 412-9078