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LeonaBio enrolls 500th subject in Phase 3 ELAINE-3 trial; triggers warrant exercise
Enrolled 500th subject in Phase 3 ELAINE-3 trial (NCT05696626) for lasofoxifene + abemaciclib in ER+/HER2- ESR1-mutated metastatic breast cancer.
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LeonaBio Q2 2026 net loss $19.0M; cash $51.1M; ELAINE-3 enrollment on track
Net loss $19.0M ($0.80/sh) vs $7.0M ($1.78/sh) in Q2 2025; R&D spend up to $12.9M from $3.7M.
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LeonaBio stockholders elect three Class III directors, ratify EY as auditor at 2026 annual meeting
Kelly A. Romano, James A. Johnson, and Natalie Holles elected as Class III directors for three-year terms.
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LeonaBio Q1 2026 net loss $32.9M ($1.73/share); cash burn $20.9M; ELAINE-3 enrollment target Q4 2026
Net loss of $32.9M ($1.73 per share) vs $9.1M ($2.34) in Q1 2025, driven by higher R&D spend.
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LeonaBio files amended 8-K on Sermonix license, provides ELAINE-3 cost and timeline update
SEC granted waiver from providing Sermonix financial statements; license deal treated as business acquisition under Regulation S-X.
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LeonaBio reports FY2025 net loss $105.6M; acquires Phase 3 lasofoxifene, raises $90M
Net loss of $105.6M ($24.70 per share) for FY2025 vs $96.9M loss in FY2024; R&D expenses rose to $85.6M on lasofoxifene license costs.
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LeonaBio shareholders approve 2026 equity plan, 4x authorized share increase, and Sermonix warrant exercise
Authorized common shares increased from 90M to 400M; total capital stock from 190M to 500M.
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Athira Pharma renames to LeonaBio (LONA); lasofoxifene Phase 3 >50% enrolled; CFO gets new severance
Name change to LeonaBio effective Jan 9, 2026; ticker to LONA on Nasdaq starting Jan 12.
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Athira Pharma licenses lasofoxifene rights, raises $90M in PIPE financing
Licensed exclusive rights to oral lasofoxifene from Sermonix and Ligand for $34.9M in equity, plus monthly payments and up to $100M milestones.
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Athira Pharma raises ~$90M via PIPE and licenses lasofoxifene from Sermonix
PIPE gross proceeds ~$90M; investors include Commodore, TCGX, Perceptive; priced at $6.35/share with warrants.
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Athira Pharma reports Q3 2025 net loss of $6.6M, cash at $25.2M; exploring strategic alternatives
Net loss of $6.6M ($1.68 per share) vs $28.7M ($7.46 split-adjusted) in Q3 2024.
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October 3, 2025, 7:59 PM ET
regulatory
materiality 0.60
positive
Athira Pharma regains Nasdaq minimum bid price compliance; delisting risk removed
Received Nasdaq notice on Oct 2, 2025 that closing bid price was $1.00+ for ten consecutive days.
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Athira Pharma to effect 10-for-1 reverse stock split on Sep 17 to meet Nasdaq minimum bid price
Effective Sept 17 at 5pm ET; shares start trading split-adjusted on Sep 18 under ticker ATHA.
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Athira Pharma Q2 net loss narrows to $7.0M; cash burn slows; ATH-1105 Phase 1 data support ALS development
Net loss of $7.0M ($0.18/sh) vs $26.9M ($0.70) in Q2 2024, driven by lower R&D and G&A spend.
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Athira shareholders approve reverse stock split at 2025 annual meeting
All three Class II director nominees elected: Joseph Edelman, John M. Fluke Jr., Grant Pickering.
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Athira Pharma Q1 net loss narrows to $9.1M; ATH-1105 Phase 1 complete, ALS dosing on track
Cash, cash equivalents and investments totaled $36.7M as of March 31, 2025, down from $51.3M at year-end 2024.
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Athira Pharma transfers to Nasdaq Capital Market; must regain $1 bid price by Oct 13, 2025
Approved transfer from Nasdaq Global Select Market to Capital Market effective April 17, 2025.
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Athira Pharma FY2024 net loss $96.9M; cash burn continues; ATH-1105 Phase 1 complete; fosgonimeton paused
Cash, cash equivalents and investments $51.3M as of Dec 31, 2024, down from $147.4M; net cash used in operations $97.2M.
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Athira Pharma Q3 net loss $28.7M; LIFT-AD missed endpoints; exploring strategic alternatives
Net loss $28.7M ($0.75/sh) vs $33.0M ($0.87/sh) Q3 2023; cash $68.9M down from $147.4M at Dec 2023.
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Athira Pharma receives Nasdaq bid price deficiency notice; stock below $1 for 30 days
Received Nasdaq notice on Oct 16, 2024 for non-compliance with minimum bid price of $1.00.
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Athira Pharma terminates CFO/CBO and COO/CDO; grants retention equity to CEO and VP Finance
Andrew Gengos (CFO/CBO) and Rachel Lenington (COO/CDO) terminated Oct 1, 2024; severance payments of $363,750 and $375,000 respectively.
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Athira cuts 70% of workforce, pivots to ATH-1105 after LIFT-AD readout
Workforce reduction of ~70% (49 positions); one-time costs ~$2.8M third-quarter 2024.
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Athira's Phase 2/3 LIFT-AD trial of fosgonimeton misses primary endpoint; biomarker data mixed
Primary endpoint GST (p=0.70) and key secondary endpoints ADAS-Cog11 (p=0.35) and ADCS-ADL23 (p=0.61) not met; directionally favored fosgonimeton.
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Athira Pharma Q2 net loss $26.9M; LIFT-AD topline data expected Sept 2024
Cash, cash equivalents and investments were $91.8M as of June 30, 2024, down from $147.4M at Dec 31, 2023.
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Athira Pharma shareholders approve officer liability limitation charter amendment at 2024 annual meeting
Class I directors Kosacz, Litton, and Panzara elected with For votes ranging from 77% to 82% of votes cast (excl. broker non-votes).
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Athira Pharma obtains preliminary approval for derivative lawsuit settlement with governance reforms
Court preliminary approval on May 3, 2024; final hearing set for July 18, 2024.
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Athira Pharma Q1 2024 net loss $26.3M ($0.69/share); cash $122.1M; LIFT-AD data H2 2024
Net loss of $26.3M ($0.69/share) vs $27.8M ($0.73/share) in Q1 2023; operating cash burn $25.8M.
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Athira Pharma FY2023 net loss $117.7M; LIFT-AD enrollment complete; data H2 2024
Net loss $117.7M ($3.09/sh) vs $95.6M ($2.53/sh) in FY2022; R&D spend rose to $93.8M.
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Athira reports $147.4M cash, completes LIFT-AD enrollment, CMO Moebius retiring
Preliminary cash, cash equivalents, and investments of ~$147.4M as of Dec 31, 2023.
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Athira Pharma Q3 net loss widens to $32.7M, cash at $172.9M; LIFT-AD enrollment expected Q1 2024
Net loss of $32.7M ($0.87/share) vs $20.2M ($0.53/share) in Q3 2022; R&D expenses up $10.2M to $27.2M.
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Athira Pharma Q2 net loss $29.6M ($0.78/sh); cash $196.3M; LIFT-AD results H2 2024
Net loss $29.6M ($0.78/sh) vs $24.3M ($0.65/sh) in Q2 2022; R&D spend rose to $21.6M.
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Athira Pharma appoints Andrew Gengos as CFO and CBO; Glenna Mileson retires
Andrew Gengos appointed CFO and CBO effective May 18, 2023, replacing Glenna Mileson who is retiring after eight years.
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Athira Pharma Q1 net loss $27.8M; focuses Alzheimer's trial on 40 mg dose
Net loss $27.8M ($0.73/share) vs $21.0M ($0.56) in Q1 2022; cash $219.9M.
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Athira Pharma reports FY2022 net loss of $95.6M ($2.53/sh); cash $245.2M; $10M legal settlement
Net loss $95.6M ($2.53 EPS) vs $54.9M ($1.49 EPS) in 2021; R&D spend rose 44% to $61.5M.
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Athira enters ATM stock offering; reports ~$245.2M cash as of Dec 31, 2022
Entered Sales Agreement with Cantor Fitzgerald & BTIG for at-the-market offering of common stock.
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Athira Pharma amends bylaws for SEC Rule 14a-19 compliance and advance notice updates
Board approved amended and restated bylaws effective November 15, 2022.
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Athira Pharma reports Q3 net loss of $20.2M; LIFT-AD interim analysis supports continuation
Net loss of $20.2M ($0.53/shr) for Q3 2022 vs $15.7M ($0.42) in Q3 2021; cash $260.0M at Sep 30, 2022.
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Athira gets positive interim analysis for Alzheimer's drug fosgonimeton, study continues
Independent data monitoring committee recommended continuation of LIFT-AD after unblinded interim analysis.
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Athira reports Q2 net loss $24.3M; ACT-AD Phase 2 Alzheimer's trial missed primary endpoint
Net loss $24.3M ($0.65/share) vs $14.0M ($0.38/share) in Q2 2021; cash $282.2M.
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Athira Phase 2 ACT-AD misses primary endpoint; monotherapy subgroup shows cognitive benefit
Primary endpoint ERP P300 latency not statistically significant in full mITT population (-6.02 ms vs placebo).
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Athira shareholders elect all three Board nominees; Kayne's director candidates defeated
Board nominees Edelman, Fluke, and Pickering each received >17M votes; Kayne and Bickerstaff received ~8.8M and ~9.0M.
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Athira Pharma Q1 net loss $21.0M; topline ACT-AD Phase 2 data by end of 2Q22
Net loss $21.0M ($0.56/share) vs $8.9M ($0.25/share) in Q1 2021; R&D expense $14.5M, up from $7.4M.
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Athira reports FY2021 net loss $54.9M; ACT-AD Phase 2 data on track for Q2 2022
Net loss $54.9M ($1.49/share) vs $19.9M in 2020; R&D spend $42.8M, up from $13.3M.
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Athira Pharma appoints Dr. Michael Panzara to board effective March 18, 2022
Dr. Panzara, CMO at Wave Life Sciences, appointed Class I director with term expiring at 2024 annual meeting.
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Athira appoints Grant Pickering director; CEO gets $543k salary, 50% bonus target, enhanced severance
Grant Pickering (CEO of Vaxcyte) appointed to board effective Jan 27, 2022.
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Athira Pharma Q3 net loss $15.7M; ACT-AD trial enrollment completed
Net loss of $15.7M ($0.42 per share) vs $8.5M loss in Q3 2020; R&D spend $10.7M.
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CEO Leen Kawas resigns after special committee finds she altered images in doctoral research; Mark Litton appointed CEO.
Special committee concluded Dr. Kawas altered images in her 2011 dissertation and at least four research papers co-authored as a WSU graduate student.
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Athira Pharma Q2 net loss $14.0M; advances Alzheimer's trials; open label extension initiated
Net loss $14.0M ($0.38/sh) vs $2.0M loss in Q2 2020; R&D expenses $12.0M (up from $1.7M).
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Athira Pharma board chair Tadataka Yamada dies; Kelly Romano named new chair
Dr. Tadataka Yamada, Chair of Board since Jan 2020, died unexpectedly on Aug 4, 2021.