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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 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 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 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 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 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 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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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.