Business

Annovis Closes $10 Million Offering, Extending Cash Runway Through Phase 3 Alzheimer's Disease 6-Month NDA Submission

Financing secures path to first NDA submission for buntanetap6-Month symptomatic data readout anticipated Q1 2027Alzheimer’s disease Phase 3 trial 75% enrolledParkinson's disease open-label study 28% enrolled MALVERN, Pa., April 10, 2026 (GLOBE NEWSWIRE) -- Annovis Bio, Inc. (NYSE: ANVS) (“Annovis” or the “Company”), a Phase 3 clinical-stage biotechnology company developing the investigational oral therapy, buntanetap, for neurodegenerative diseases such as Alzheimer's disease (AD) and Parkinson

articleAnnovis Bio, Inc.April 10, 20263/company/annovis-bio-inc/news/annovis-closes-dollar10-million-offering-extending-cash-runway-through-phase-3-alzheimers-disease-6-month-nda-submission
Annovis Closes $10 Million Offering, Extending Cash Runway Through Phase 3 Alzheimer's Disease 6-Month NDA Submission

About this update from Annovis Bio, Inc.

[{"type":"image","alt":"Annovis Bio Inc.","displaySize":"","headline":null,"caption":"Annovis Bio Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":200,"url":"https://media.zenfs.com/en/globenewswire.com/00e49d5ebf66ac512dbaabeac6cdd6eb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/V2aX3COZJf3aT17udXAGAA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTM2MA--/https://media.zenfs.com/en/globenewswire.com/00e49d5ebf66ac512dbaabeac6cdd6eb","width":200,"height":200}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Financing secures path to first NDA submission for buntanetap","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"6-Month symptomatic data readout anticipated Q1 2027","length":52,"tagName":"p"}]},{"val":[{"type":"text","content":"Alzheimer’s disease Phase 3 trial 75% enrolled","length":46,"tagName":"p"}]},{"val":[{"type":"text","content":"Parkinson's disease open-label study 28% enrolled","length":53,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":212,"olType":false},{"type":"text","content":"MALVERN, Pa., April 10, 2026 (GLOBE NEWSWIRE) -- Annovis Bio, Inc. (NYSE: ANVS) (“Annovis” or the “Company”), a Phase 3 clinical-stage biotechnology company developing the investigational oral therapy, buntanetap, for neurodegenerative diseases such as Alzheimer's disease (AD) and Parkinson's disease (PD), today announced the closing of an underwritten public offering raising approximately $10 million in gross proceeds. Combined with existing cash on hand as well as a recent $1.5 million investment from the Board of Directors Chair, Michael Hoffman, the financing extends Annovis' cash runway through Q2 2027, fully funding the Company's operations through a key symptomatic data readout of its Phase 3 AD trial and the anticipated submission of a New Drug Application (NDA) for buntanetap to the U.S. Food and Drug Administration (FDA).","length":864,"tagName":"p"},{"type":"text","content":"“This financing is a decisive step forward for Annovis and for patients waiting for a novel Alzheimer’s treatment,” said Maria Maccecchini, Ph.D., President and CEO of Annovis. “We now have the resources to reach our first major regulatory milestone: the 6-month data readout from our Phase 3 AD trial and the NDA submission that follows. With enrollment nearing completion...

More updates from Annovis Bio, Inc.

Alzheimer’s diseaseAnnovis Bio, Inc.Parkinson's diseaseNDA submissionThe CompanyMichael HoffmanNDACompanybiotechnology companyopen-label study