Acumen Pharmaceuticals, Inc.
We are a clinical-stage biopharmaceutical company developing a novel disease-modifying approach to target what we believe to be a key underlying cause of Alzheimer’s disease, or AD. Alzheimer’s disease is a progressive neurodegenerative disease of the brain that leads to loss of memory and cognitive functions and ultimately results in death. Our scientific founders pioneered research on soluble amyloid-beta oligomers, or AbOs, globular assemblies of the amyloid-beta, or Ab, peptide that are distinct from Ab monomers and amyloid plaques. Based on decades of research and supporting evidence, AbOs have gained increasing scientific acceptance as a primary toxin involved in the initiation and propagation of AD pathology.
We are currently focused on advancing a targeted immunotherapy drug candidate, ACU193, and establishing proof of mechanism in early AD patients. ACU193 is a humanized monoclonal antibody that selectively targets AbOs, has demonstrated functional and protective effects in in vitro assays, and has demonstrated in vivo safety and pharmacologic activity in multiple animal species including transgenic models for AD. We initiated our Phase 1 clinical trial of ACU193 in the second quarter of 2021 with the objective to evaluate its safety and tolerability and explore its pharmacokinetics and target engagement. This trial is enrolling patients with mild dementia or mild cognitive impairment, or MCI, due to AD, conditions referred to as “early AD.” Our ACU193 Phase 1 data intended to evaluate safety and tolerability and demonstrate clinical proof of mechanism are expected by year end 2022.
Note: Revenue is grant revenue for the year ended Dec.31, 2020. The net loss figure is also for 2020.
(Note: Acumen Pharmaceuticals upsized its IPO at pricing on June 30, 2021, to 9.99 million shares, up from 8.33 million in the prospectus, at $16 – the top of its $14-to-$16 range – to raise $159.84 million.)
|Address||427 Park St. Charlottesville, VA 22902|
|Phone Number||(434) 297-1000|
|View Prospectus:||Acumen Pharmaceuticals, Inc.|
|Revenues||$1.44 mil (last 12 months)|
|Net Income||$-7.33 mil (last 12 months)|
|Price range||$16.00 - $16.00|
|Est. $ Volume||$159.8 mil|
|Manager / Joint Managers||BofA Securities/ Credit Suisse/ Stifel|
|CO-Managers||UBS Investment Bank|
|Expected To Trade:||7/1/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|