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Monday, November 7, 2022

Axsome Q3 update: Alzheimer's, migraine progress

 Sunosi® third quarter U.S. net sales of $16.8 million

Auvelity™ launched and available in U.S. pharmacies

SHARP study results announced demonstrating statistically significant improvement in cognitive function with Sunosi versus placebo

ADVANCE-2 trial of AXS-05 in Alzheimer’s disease agitation initiated

Successful Type A meeting completed for AXS-07 for the acute treatment of migraine

Company to host conference call today at 8:00 AM Eastern

Financial Guidance

  • Axsome believes that its current cash, along with the remaining committed capital from the $300 million term loan facility, is sufficient to fund anticipated operations into 2025, based on the current operating plan, which includes the continued commercialization of Sunosi and Auvelity.
  • Axsome expects that its operating expenses will increase year over year as the Company commercializes Sunosi and Auvelity and continues to advance its pipeline.

Conference Call Information

Axsome will host a conference call and webcast today at 8:00 AM Eastern to discuss third quarter 2022 financial results as well as to provide a corporate update. To participate in the live conference call, please dial (877) 405-1239 (toll-free domestic). The live webcast can be accessed on the "Webcasts & Presentations" page of the "Investors" section of the Company’s website at axsome.com. A replay of the webcast will be available for approximately 30 days following the live event.

https://www.biospace.com/article/releases/axsome-therapeutics-reports-third-quarter-2022-financial-results-and-provides-business-update/

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