Acumen Pharmaceuticals Reports Third Quarter 2025 Financial Results and Business Highlights

  • Expect decision regarding the advancement of an Aฮฒ oligomer-targeted Enhanced Brain DeliveryTM product candidate in early 2026
  • Expect to report topline results for ALTITUDE-AD, a Phase 2 study to investigate sabirnetug (ACU193) for the treatment of early Alzheimerโ€™s disease, in late 2026ย ย 
  • Cash, cash equivalents and marketable securities of $136.1 million as of Sept. 30, 2025, expected to support current clinical and operational activities into early 2027ย 
  • Company to host conference call and webcast today at 8:00 a.m. ETย 

NEWTON, Mass., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) (โ€œAcumenโ€ or the โ€œCompanyโ€), a clinical-stage biopharmaceutical company developing novel therapeutics that target toxic soluble amyloid beta oligomers (AฮฒOs) for the treatment of Alzheimerโ€™s disease (AD), today reported financial results for the third quarter of 2025 and provided a business update.

โ€œWe continued our strong operational progress throughout the third quarter, both clinically, with our ongoing Phase 2 trial of sabirnetug, and non-clinically, with the advancement of our Enhanced Brain Delivery (EBDTM) program. Our goal remains clear: to deliver meaningful innovation for patients,โ€ said Daniel Oโ€™Connell, Chief Executive Officer of Acumen. โ€œWe remain focused on translating cutting-edge science into novel medicines with the greatest potential to benefit patients, while deploying capital with the goal of maximizing shareholder value. We anticipate non-clinical data in early 2026 will inform the direction of our EBD strategy and ALTITUDE-AD Phase 2 topline results in late 2026 will provide true insight into the role AฮฒOs play in Alzheimerโ€™s disease.โ€

Recent Highlights

  • In November 2025, the Company expects the first patient to be dosed in the open-label extension (OLE) portion of its Phase 2 ALTITUDE-AD clinical trial evaluating sabirnetug (ACU193) in patients with early Alzheimer's disease.ย 
    • The OLE provides all participants who completed the 18-month placebo-controlled double-blind portion of ALTITUDE-AD with the opportunity to receive sabirnetug at 35 mg/kg administered intravenously once every four weeks for up to 52 weeks.
  • In November 2025, the Company announced the addition of biopharma veteran George Golumbeski, Ph.D., to its Board of Directors in the role of Chairman.
    • Dr. Golumbeski brings more than 30 years of experience in the biotechnology industry, with expertise in business and portfolio strategy, business development strategic collaborations and licensing, and M&A.
    • ย With the addition of Dr. Golumbeski, the Acumen Board increases to eight members.

Anticipated Milestonesย 

  • The Company expects non-clinical data to support the development of an EBD therapy in early 2026, at which point Acumen has an exclusive right to exercise its option to develop up to two development candidates as part of its partnership with JCR Pharmaceuticals.
  • The Company expects topline results from ALTITUDE-AD, a Phase 2 study to investigate sabirnetug for the treatment of early Alzheimerโ€™s disease, in late 2026.ย 

Third Quarter 2025 Financial Results

  • Cash Balance. As of Sept. 30, 2025, cash, cash equivalents and marketable securities totaled $136.1 million compared to cash, cash equivalents and marketable securities of $166.2 million as of June 30, 2025. The decrease in cash is related to funding ongoing operations. Cash is expected to support current clinical and operational activities into early 2027.ย 
  • Research and Development (R&D) Expenses. R&D expenses were $22.0 million for the three-month period ended Sept. 30, 2025, compared to $27.2 million for the three-month period ended Sept. 30, 2024. The decrease was primarily due to a reduction of CRO costs associated with the ALTITUDE-AD clinical trial, for which we completed enrollment in March 2025 following dosing of the first patient in May 2024.
  • General and Administrative (G&A) Expenses. G&A expenses were $4.5 million for the three-month period ended Sept. 30, 2025, compared to $5.0 million for the three-month period ended Sept. 30, 2024. The decrease was primarily due to reductions in legal fees, audit and other accounting services expenses, and recruiting expenses.
  • Loss from Operations. Loss from operations was $26.5 million for the three-month period ended Sept. 30, 2025, compared to $32.3 million for the three-month period ended Sept. 30, 2024. This decrease was due to the decreased R&D expenses over the prior year period.ย 
  • Net Loss. Net loss was $26.5 million for the three-month period ended Sept. 30, 2025, compared to $29.8 million for the three-month period ended Sept. 30, 2024.


Conference Call Details
ย 

Acumen will host a conference call and live audio webcast today, Nov. 12, 2025, at 8:00 a.m. ET.ย 

To participate in the live conference call, please register using thisย link. After registration, you will be informed of the dial-in numbers including PIN. Please register at least one day in advance.

The webcast audio will be available via this link.

An archived version of the webcast will be available for at least 30 days in the Investors section of the Company's website at www.acumenpharm.com.ย 

About Sabirnetug (ACU193)
Sabirnetug (ACU193) is a humanized monoclonal antibody (mAb) discovered and developed based on its selectivity for soluble amyloid beta oligomers (AฮฒOs), which are a highly toxic and pathogenic form of Aฮฒ, relative to Aฮฒ monomers and amyloid plaques. Soluble AฮฒOs have been observed to be potent neurotoxins that bind to neurons, inhibit synaptic function and induce neurodegeneration. By selectively targeting toxic soluble AฮฒOs, sabirnetug aims to address the hypothesis that soluble AฮฒOs are an early and persistent underlying cause of the neurodegenerative process in Alzheimerโ€™s disease (AD). Sabirnetug has been granted Fast Track designation for the treatment of early AD by the U.S. Food and Drug Administration and is currently being evaluated in a Phase 2 study in patients with early AD.

About ALTITUDE-AD (Phase 2)
Initiated in 2024, ALTITUDE-AD is a Phase 2, multi-center, randomized, double-blind, placebo-controlled clinical trial designed to evaluate the efficacy and safety of sabirnetug (ACU193) infusions administered once every four weeks in slowing cognitive and functional decline as compared to placebo in participants with early Alzheimer's disease. The study has enrolled 542 individuals with early Alzheimerโ€™s disease (mild cognitive impairment or mild dementia due to AD) at multiple investigative sites located in the United States, Canada, the European Union and the United Kingdom. More information can be found on www.clinicaltrials.gov, NCT identifier NCT06335173.ย 

About Acumen Pharmaceuticals, Inc.ย 
Acumen Pharmaceuticals is a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers (AฮฒOs) for the treatment of Alzheimerโ€™s disease (AD). Acumenโ€™s scientific founders pioneered research on AฮฒOs, which a growing body of evidence indicates are early and persistent triggers of Alzheimerโ€™s disease pathology. Acumen is currently focused on advancing its lead investigational product candidate, sabirnetug (ACU193), a humanized monoclonal antibody that selectively targets toxic soluble AฮฒOs, in its ongoing Phase 2 clinical trial ALTITUDE-AD (NCT06335173) in early symptomatic Alzheimerโ€™s disease patients, following positive results in its Phase 1 trial INTERCEPT-AD. Acumen is also investigating a subcutaneous formulation of sabirnetug using Halozymeโ€™s proprietary ENHANZEยฎ drug delivery technology. Acumen is also collaborating with JCR Pharmaceuticals to develop an Enhanced Brain Delivery (EBDโ„ข) therapy for Alzheimerโ€™s disease utilizing a transferrin-receptor-targeting blood-brain barrier-penetrating technology. The company is headquartered in Newton, Mass. For more information, visit www.acumenpharm.com.

Forward-Looking Statementsย 
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995.โ€ฏAny statement describing Acumenโ€™s goals, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement.โ€ฏWords such as โ€œbelieves,โ€ โ€œexpects,โ€ โ€œanticipates,โ€ โ€œcould,โ€ โ€œshould,โ€ โ€œwould,โ€ โ€œseeks,โ€ โ€œaims,โ€ โ€œplans,โ€ โ€œpotential,โ€ โ€œwill,โ€ โ€œmilestoneโ€ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include statements concerning Acumenโ€™s business, and Acumenโ€™s ability to achieve its strategic and financial goals, including its projected use of cash, cash equivalents and marketable securities and the expected sufficiency of its cash resources into early 2027, the therapeutic potential of Acumenโ€™s product candidate, sabirnetug (ACU193), including against other antibodies, the timing of anticipated topline results of ALTITUDE-AD, the potential for additional development to support a subcutaneous dosing option of sabirnetug, and the potential to develop a candidate to treat Alzheimer's Disease utilizing EBD technology. These statements are based upon the current beliefs and expectations of Acumen management, and are subject to certain factors, risks and uncertainties, particularly those inherent in the process of discovering, developing and commercializing safe and effective human therapeutics. Such risks may be amplified by the impacts of geopolitical events and macroeconomic conditions, such as rising inflation and interest rates, supply disruptions and uncertainty of credit and financial markets. These and other risks concerning Acumenโ€™s programs are described in additional detail in Acumenโ€™s filings with the Securities and Exchange Commission (โ€œSECโ€), including in Acumenโ€™s most recent Annual Report on Form 10-K, and in subsequent filings with the SEC. Copies of these and other documents are available from Acumen.โ€ฏAdditional information will be made available in other filings that Acumen makes from time to time with the SEC. These forward-looking statements speak only as of the date hereof, and Acumen expressly disclaims any obligation to update or revise any forward-looking statement, except as otherwise required by law, whether, as a result of new information, future events or otherwise.ย 

CONTACTS:ย 

Investors:
Alex Braunย 
abraun@acumenpharm.comย 

Media:โ€ฏAcumenPR@westwicke.comย 

Acumen Pharmaceuticals, Inc.
Condensed Balance Sheets
(in thousands, except share and per share data)
ย ย ย ย 
ย September 30,ย December 31,
ย ย 2025ย ย ย 2024ย 
ย (unaudited)ย ย 
ASSETSย ย ย 
Current assetsย ย ย 
Cash and cash equivalents$46,832ย ย $35,627ย 
Marketable securities, short-termย 79,777ย ย ย 135,930ย 
Prepaid expenses and other current assetsย 5,544ย ย ย 6,749ย 
Total current assetsย 132,153ย ย ย 178,306ย 
Marketable securities, long-termย 9,443ย ย ย 59,968ย 
Restricted cashย 232ย ย ย 232ย 
Other assets, long-termย 393ย ย ย 486ย 
Total assets$142,221ย ย $238,992ย 
LIABILITIES AND STOCKHOLDERS' EQUITYย ย ย 
Current liabilitiesย ย ย 
Accounts payable$682ย ย $5,648ย 
Accrued clinical trial expensesย 9,884ย ย ย 15,344ย 
Accrued expenses and other current liabilitiesย 7,792ย ย ย 6,615ย 
Debt, short-termย 3,598ย ย ย -ย 
Total current liabilitiesย 21,956ย ย ย 27,607ย 
Debt, long-termย 27,053ย ย ย 29,419ย 
Other liabilities, long-termย 39ย ย ย 150ย 
Total liabilitiesย 49,048ย ย ย 57,176ย 
Commitments and contingenciesย ย ย 
Stockholders' equityย ย ย 
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of September 30, 2025 and December 31, 2024ย -ย ย ย -ย 
Common stock, $0.0001 par value; 300,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 60,573,425 and 60,094,083 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectivelyย 6ย ย ย 6ย 
Additional paid-in capitalย 514,382ย ย ย 506,985ย 
Accumulated deficitย (421,324)ย ย (325,127)
Accumulated other comprehensive income (loss)ย 109ย ย ย (48)
Total stockholders' equityย 93,173ย ย ย 181,816ย 
Total liabilities and stockholders' equity$142,221ย ย $238,992ย 
ย ย ย ย 


Acumen Pharmaceuticals, Inc.
Condensed Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
(unaudited)
ย ย ย ย ย ย ย ย 
ย Three Months Ended September 30,ย Nine Months Ended September 30,
ย ย 2025ย ย ย 2024ย ย ย 2025ย ย ย 2024ย 
Operating expensesย ย ย ย ย ย ย 
Research and development$21,968ย ย $27,247ย ย $84,359ย ย $59,229ย 
General and administrativeย 4,545ย ย ย 5,018ย ย ย 14,274ย ย ย 15,191ย 
Total operating expensesย 26,513ย ย ย 32,265ย ย ย 98,633ย ย ย 74,420ย 
Loss from operationsย (26,513)ย ย (32,265)ย ย (98,633)ย ย (74,420)
Other income (expense)ย ย ย ย ย ย ย 
Interest incomeย 1,639ย ย ย 3,504ย ย ย 6,125ย ย ย 11,325ย 
Interest expenseย (1,068)ย ย (1,027)ย ย (3,137)ย ย (3,031)
Change in fair value of embedded derivativesย (440)ย ย (10)ย ย (290)ย ย 1,040ย 
Other income (expense), netย (69)ย ย 33ย ย ย (262)ย ย (89)
Total other incomeย 62ย ย ย 2,500ย ย ย 2,436ย ย ย 9,245ย 
Net lossย (26,451)ย ย (29,765)ย ย (96,197)ย ย (65,175)
Other comprehensive gain (loss)ย ย ย ย ย ย ย 
Unrealized gain on marketable securitiesย 86ย ย ย 682ย ย ย 157ย ย ย 206ย 
Comprehensive loss$(26,365)ย $(29,083)ย $(96,040)ย $(64,969)
Net loss per common share, basic and diluted$(0.44)ย $(0.50)ย $(1.59)ย $(1.09)
Weighted-average shares outstanding, basic and dilutedย 60,573,425ย ย ย 60,079,778ย ย ย 60,557,668ย ย ย 59,990,844ย 
ย ย ย ย ย ย ย ย 


Acumen Pharmaceuticals, Inc.
Condensed Statements of Cash Flows
(in thousands)
(unaudited)
ย ย ย ย 
ย Nine Months Ended September 30,
ย ย 2025ย ย ย 2024ย 
Cash flows from operating activitiesย 
Net loss$(96,197)ย $(65,175)
Adjustments to reconcile net loss to net cash used in operating activities:ย ย ย 
Depreciationย 46ย ย ย 49ย 
Stock-based compensation expenseย 7,433ย ย ย 7,292ย 
Amortization of premiums and accretion of discounts on marketable securities, netย (919)ย ย (4,599)
Change in fair value of embedded derivativesย 290ย ย ย (1,040)
Amortization of right-of-use assetย 93ย ย ย 85ย 
Realized gain on marketable securitiesย (17)ย ย (97)
Non-cash interest expenseย 942ย ย ย 823ย 
Other non-cash expenseย -ย ย ย 230ย 
Changes in operating assets and liabilities:ย ย ย 
Prepaid expenses and other current assetsย 1,205ย ย ย (4,196)
Other long-term assetsย 42ย ย ย 51ย 
Accounts payableย (4,966)ย ย 963ย 
Accrued clinical trial expensesย (5,460)ย ย 8,130ย 
Accrued expenses and other liabilitiesย 1,066ย ย ย (1,493)
Finance lease liabilityย -ย ย ย (23)
Net cash used in operating activitiesย (96,442)ย ย (59,000)
Cash flows from investing activitiesย ย ย 
Purchases of marketable securitiesย (38,056)ย ย (155,631)
Proceeds from maturities and sales of marketable securitiesย 145,827ย ย ย 174,011ย 
Purchases of property and equipmentย (88)ย ย (16)
Net cash provided by investing activitiesย 107,683ย ย ย 18,364ย 
Cash flows from financing activitiesย ย ย 
Proceeds from issuance of common stock, net of issuance costsย -ย ย ย 7,938ย 
Proceeds from exercise of stock optionsย 37ย ย ย -ย 
Payment for financing leaseย -ย ย ย (739)
Payments for deferred offering costsย -ย ย ย (230)
Repurchase of common shares to pay employee withholding taxesย (73)ย ย (32)
Net cash provided by (used in) financing activitiesย (36)ย ย 6,937ย 
Net change in cash and cash equivalents and restricted cashย 11,205ย ย ย (33,699)
Cash and cash equivalents and restricted cash at the beginning of the periodย 35,859ย ย ย 67,119ย 
Cash and cash equivalents and restricted cash at the end of the period$47,064ย ย $33,420ย 
ย ย ย ย 



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