Acumen Pharmaceuticals Reports First Quarter 2025 Financial Results and Business Highlights

  • 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 2026
  • Cash, cash equivalents and marketable securities of $197.9 million as of March 31, 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., May 13, 2025 (GLOBE NEWSWIRE) -- Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) (โ€œAcumenโ€ or the โ€œCompanyโ€), 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), today reported financial results for the first quarter of 2025 and provided a business update.

โ€œIn the first quarter of 2025, Acumenโ€™s strong execution continued to build on the momentum achieved in 2024. ALTITUDE-AD, our Phase 2 study investigating the efficacy, safety and tolerability of sabirnetug for the treatment of early AD, is fully enrolled and we expect topline results in late 2026,โ€ said Daniel Oโ€™Connell, Chief Executive Officer of Acumen. โ€œThis sizable 542-participant study enrolled quickly, a testament to the interest in sabirnetugโ€™s high selectivity for toxic amyloid beta oligomers from clinical trial investigators, patients and caregivers alike. The fundamentals of our clinical development plan and underlying business are strong, and we look forward to building on our positive momentum throughout the year.โ€

Recent Highlightsย ย 

  • In April 2025, the Company presented at the International Conference on Alzheimerโ€™s and Parkinsonโ€™s Diseases and related neurological disorders (AD/PD).
    • The oral presentation highlighted extended results from a validated research-use plasma pTau217 assay to screen potential participants in the ongoing Phase 2 ALTITUDE-AD clinical trial of sabirnetug, showing this strategy has performed as intended.
    • Additional presentations included posters on early effects of sabirnetug on synaptic biomarkers in AD, methods of interrogating the binding of AฮฒOs to a model of human neurons, and methods to advance Aฮฒ selectivity measurements.ย ย ย 
  • In April 2025, the Company presented an encore presentation detailing the plasma pTau217 assay used in ALTITUDE-AD at the American Academy of Neurology (AAN) Annual Meeting.
  • More information on these presentations can be found here.

Anticipated Milestonesย 

  • 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 

First Quarter 2025 Financial Results

  • Cash Balance. As of March 31, 2025, cash, cash equivalents and marketable securities totaled $197.9 million compared to cash, cash equivalents and marketable securities of $231.5 million as of Decemberย 31, 2024. 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.ย  R&D expenses were $25.3 million for the three-month period ended March 31, 2025, compared to $12.4 million for the three-month period ended March 31, 2024. The increase in R&D expenses was primarily due to an increase in clinical trial costs related to ALTITUDE-AD, personnel, and other costs.ย ย 
  • General and Administrative (G&A) Expenses. G&A expenses were $5.1 million for the three-month period ended March 31, 2025, compared to $5.3 million for the three-month period ended March 31, 2024. The decrease was primarily due to immaterial decreases in personnel costs, insurance and recruiting costs.
  • Loss from Operations. Loss from operations was $30.4 million for the three-month period ended March 31, 2025, compared to $17.8 million for the three-month period ended March 31, 2024. This increase was due to the increased R&D expenses over the prior year period.ย 
  • Net Loss.ย  Net loss was $28.8 million for the three-month period ended March 31, 2025, compared to $14.9 million for the three-month period ended March 31, 2024.

Conference Call Detailsย 

Acumen will host a conference call and live audio webcast today, May 13, 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.ย ย 

The webcast audio will be available via thisย 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)ย 
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.โ€ฏโ€ฏย 

About ALTITUDE-AD (Phase 2)โ€ฏย 
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 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. The company is headquartered in Newton, Mass. For more information, visit www.acumenpharm.com.โ€ฏโ€ฏโ€ฏย 
โ€ฏโ€ฏย 
Forward-Looking Statementsย 
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995.โ€ฏ Any 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, and the potential for additional development to support a subcutaneous dosing option of sabirnetug. 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€ฏ Additional 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:ย ย 
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 March 31,ย December 31,
ย 2025ย 2024
ย (unaudited)ย ย 
ASSETSย ย ย 
Current assetsย ย ย 
Cash and cash equivalents$30,159ย ย $35,627ย 
Marketable securities, short-termย 118,989ย ย ย 135,930ย 
Prepaid expenses and other current assetsย 5,799ย ย ย 6,749ย 
Total current assetsย 154,947ย ย ย 178,306ย 
Marketable securities, long-termย 48,795ย ย ย 59,968ย 
Restricted cashย 232ย ย ย 232ย 
Other assets, long-termย 504ย ย ย 486ย 
Total assets$204,478ย ย $238,992ย 
LIABILITIES AND STOCKHOLDERS' EQUITYย ย ย 
Current liabilitiesย ย ย 
Accounts payable$1,056ย ย $5,648ย 
Accrued clinical trial expensesย 11,548ย ย ย 15,344ย 
Accrued expenses and other current liabilitiesย 6,711ย ย ย 6,615ย 
Total current liabilitiesย 19,315ย ย ย 27,607ย 
Debt, long-termย 29,528ย ย ย 29,419ย 
Other liabilities, long-termย 114ย ย ย 150ย 
Total liabilitiesย 48,957ย 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 March 31, 2025 and December 31, 2024ย -ย ย ย -ย 
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 60,573,425 and 60,094,083 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectivelyย 6ย ย ย 6ย 
Additional paid-in capitalย 509,423ย ย ย 506,985ย 
Accumulated deficitย (353,923)ย ย (325,127)
Accumulated other comprehensive income (loss)ย 15ย ย ย (48)
Total stockholders' equityย 155,521ย ย ย 181,816ย 
Total liabilities and stockholders' equity$204,478ย 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 Three Months Ended March 31,
ย ย 2025ย ย ย 2024ย 
Operating expensesย ย ย 
Research and development$25,266ย ย $12,449ย 
General and administrativeย 5,104ย ย ย 5,325ย 
Total operating expensesย 30,370ย ย ย 17,774ย 
Loss from operationsย (30,370)ย ย (17,774)
Other income (expense)ย ย ย 
Interest incomeย 2,471ย ย ย 4,005ย 
Interest expenseย (1,023)ย ย (1,000)
Change in fair value of embedded derivativesย 190ย ย ย (50)
Other expense, netย (64)ย ย (54)
Total other incomeย 1,574ย ย ย 2,901ย 
Net lossย (28,796)ย ย (14,873)
Other comprehensive gain (loss)ย ย ย 
Unrealized gain (loss) on marketable securitiesย 63ย ย ย (456)
Comprehensive loss$(28,733)ย $(15,329)
Net loss per common share, basic and diluted$(0.48)ย $(0.25)
Weighted-average shares outstanding, basic and dilutedย 60,525,628ย ย ย 59,812,000ย 
ย ย ย ย 



Acumen Pharmaceuticals, Inc.
Condensed Statements of Cash Flows
(in thousands)
(unaudited)
ย ย ย ย 
ย Three Months Ended March 31,
ย ย 2025ย ย ย 2024ย 
Cash flows from operating activitiesย 
Net loss$(28,796)ย $(14,873)
Adjustments to reconcile net loss to net cash used in operating activities:ย ย ย 
Depreciationย 15ย ย ย 16ย 
Stock-based compensation expenseย 2,474ย ย ย 2,484ย 
Amortization of premiums and accretion of discounts on marketable securities, netย (588)ย ย (1,763)
Change in fair value of embedded derivativesย (190)ย ย 50ย 
Amortization of right-of-use assetย 30ย ย ย 28ย 
Realized gain on marketable securitiesย (3)ย ย (2)
Non-cash interest expenseย 299ย ย ย 268ย 
Changes in operating assets and liabilities:ย ย ย 
Prepaid expenses and other current assetsย 950ย ย ย (226)
Other long-term assetsย 16ย ย ย 35ย 
Accounts payableย (4,592)ย ย 1,700ย 
Accrued clinical trial expensesย (3,796)ย ย (2,020)
Accrued expenses and other liabilitiesย 60ย ย ย (3,533)
Finance lease liabilityย -ย ย ย (23)
Net cash used in operating activitiesย (34,121)ย ย (17,859)
Cash flows from investing activitiesย ย ย 
Purchases of marketable securitiesย (35,048)ย ย (45,292)
Proceeds from maturities and sales of marketable securitiesย 63,816ย ย ย 36,100ย 
Purchases of property and equipmentย (79)ย ย (11)
Net cash provided by (used in) investing activitiesย 28,689ย ย ย (9,203)
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 (60)
Repurchase of common shares to pay employee withholding taxesย (73)ย ย (32)
Net cash provided by (used in) financing activitiesย (36)ย ย 7,107ย 
ย Net change in cash and cash equivalents and restricted cashย (5,468)ย ย (19,955)
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$30,391ย ย $47,164ย 
ย ย ย ย 




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