Acumen Pharmaceuticals Reports Second 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

  • Expect decision to advance an oligomer-targeted Enhanced Brain DeliveryTM product candidate in early 2026

  • Cash, cash equivalents and marketable securities of $166.2 million as of June 30, 2025, expected to support current clinical and operational activities into early 2027

  • Company to host conference call and webcast today at 8:00 a.m. ET

NEWTON, Mass., Aug. 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 second quarter of 2025 and provided a business update.

โ€œOur momentum in the second quarter continued to reflect our strong operationalย execution and broadening portfolio with the addition of our Enhanced Brain Delivery (EBDTM) program,โ€ said Daniel Oโ€™Connell, Chief Executive Officer of Acumen. โ€œWe purposely pursued this collaboration to augment our pipeline with innovative science in a fiscally responsible manner, all with the goal of delivering meaningful impact to patients. We look forward to producing a non-clinical data package in early 2026 that will further inform our EBDย development strategy. This will be closely followed by expected topline results in late 2026 for ALTITUDE-AD, our Phase 2 study investigating the efficacy, safety and tolerability of sabirnetug for the treatment of early AD. We believe, with this portfolio, that we are well-positioned to deliver next-generation treatment options for early Alzheimerโ€™s disease.โ€

Recent Highlightsย ย 

  • In July 2025, the Company presented at the Alzheimerโ€™s Association International Conference (AAIC).
    • We reported operational innovations in our ALTITUDE-AD Phase 2 clinical trial where investigators implemented an innovative two-step screening process using plasma pTau217 biomarker assay testing that yielded significant clinical trial screening and cost efficiencies. The approach reduced total screening costs by approximately 40% across U.S. and Canadian sites. The strategy performed as intended, helping to achieve strong enrollment rates and reducing unnecessary amyloid PET scans and lumbar puncture procedures for potential participants.
    • An additional presentation demonstrated sabirnetug's selectivity for binding to toxic AฮฒOs through comprehensive surface plasmon resonance testing. The study revealed sabirnetug achieved the highest binding affinities to AฮฒO preparations among the monoclonal antibodies tested. Overall, sabirnetug demonstrated 8,750-fold selectivity for Aฮฒ1-42 stabilized oligomers over Aฮฒ1-40 monomers, supporting sabirnetugโ€™s mechanism of action and selectivity for AฮฒOs.ย 
    • Find more information here.
  • In July 2025, the Company announced a collaboration, option and license agreement with JCR Pharmaceuticals (โ€œJCRโ€) to develop an oligomer-targeted Enhanced Brain Delivery (EBDTM) therapy for Alzheimerโ€™s disease.ย 
    • The combination of sabirnetug or additional, novel, AฮฒO-selective antibodies with JCRโ€™s blood-brain barrier-penetrating technology (J-Brain Cargoยฎ) strengthens Acumenโ€™s portfolio of AฮฒO-targeted therapies.
    • Acumen and JCR have collaborated for more than a year conducting feasibility work to assess the combination of JCRโ€™s transferrin targeting technology with Acumenโ€™s AฮฒO-targeting antibodies.

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 
  • 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.

Second Quarter 2025 Financial Results

  • Cash Balance. As of June 30, 2025, cash, cash equivalents and marketable securities totaled $166.2 million compared to cash, cash equivalents and marketable securities of $197.9 million as of Marchย 31, 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.ย  R&D expenses were $37.1 million for the three-month period ended June 30, 2025, compared to $19.5 million for the three-month period ended June 30, 2024. The increase in R&D expenses was primarily due to an increase for manufacturing and materials, as well as an increase for CRO costs associated with the ALTITUDE-AD clinical trial.

  • General and Administrative (G&A) Expenses. G&A expenses were $4.6 million for the three-month period ended June 30, 2025, compared to $4.8 million for the three-month period ended June 30, 2024. The decrease was primarily due to immaterial decreases in insurance and recruiting costs.

  • Loss from Operations. Loss from operations was $41.8 million for the three-month period ended June 30, 2025, compared to $24.4 million for the three-month period ended June 30, 2024. This increase was due to the increased R&D expenses over the prior year period.ย 

  • Net Loss.ย  Net loss was $41.0 million for the three-month period ended June 30, 2025, compared to $20.5 million for the three-month period ended June 30, 2024.

Conference Call Detailsย 

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

The webcast audio will be available via thisย link.ย ย 

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. 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.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, 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€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 June 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$36,810ย ย $35,627ย 
Marketable securities, short-termย 106,559ย ย ย 135,930ย 
Prepaid expenses and other current assetsย 5,035ย ย ย 6,749ย 
Total current assetsย 148,404ย ย ย 178,306ย 
Marketable securities, long-termย 22,797ย ย ย 59,968ย 
Restricted cashย 232ย ย ย 232ย 
Other assets, long-termย 464ย ย ย 486ย 
Total assets$171,897ย ย $238,992ย 
LIABILITIES AND STOCKHOLDERS' EQUITYย ย ย 
Current liabilitiesย ย ย 
Accounts payable$2,103ย ย $5,648ย 
Accrued clinical trial expensesย 11,108ย ย ย 15,344ย 
Accrued expenses and other current liabilitiesย 11,650ย ย ย 6,615ย 
Total current liabilitiesย 24,861ย ย ย 27,607ย 
Debt, long-termย 29,882ย ย ย 29,419ย 
Other liabilities, long-termย 77ย ย ย 150ย 
Total liabilitiesย 54,820ย 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 June 30, 2025 and December 31, 2024
ย -ย ย ย -ย 
Common stock, $0.0001 par value; 300,000,000 shares authorized as of June 30, 2025 and
December 31, 2024; 60,573,425 and 60,094,083 shares issued and outstanding as of June
30, 2025 and December 31, 2024, respectively
ย 6ย ย ย 6ย 
Additional paid-in capitalย 511,921ย ย ย 506,985ย 
Accumulated deficitย (394,873)ย ย (325,127)
Accumulated other comprehensive income (loss)ย 23ย ย ย (48)
Total stockholders' equityย 117,077ย ย ย 181,816ย 
Total liabilities and stockholders' equity$171,897ย ย $238,992ย 
ย ย ย ย 



Acumen Pharmaceuticals, Inc.ย ย ย ย 
Condensed Statements of Operations and Comprehensive Lossย ย ย ย 
(in thousands, except share and per share data)ย ย ย ย 
(unaudited)ย ย ย ย 
ย ย ย ย ย ย ย ย 
ย Three Months Ended June 30, ย Six Months Ended June 30,
ย ย 2025ย ย ย 2024ย ย ย 2025ย ย ย 2024ย 
Operating expensesย ย ย ย ย ย ย 
Research and development$37,125ย ย $19,533ย ย $62,391ย ย $31,982ย 
General and administrativeย 4,625ย ย ย 4,848ย ย ย 9,729ย ย ย 10,173ย 
Total operating expensesย 41,750ย ย ย 24,381ย ย ย 72,120ย ย ย 42,155ย 
Loss from operationsย (41,750)ย ย (24,381)ย ย (72,120)ย ย (42,155)
Other income (expense)ย ย ย ย ย ย ย 
Interest incomeย 2,015ย ย ย 3,816ย ย ย 4,486ย ย ย 7,821ย 
Interest expenseย (1,046)ย ย (1,004)ย ย (2,069)ย ย (2,004)
Change in fair value of embedded derivativesย (40)ย ย 1,100ย ย ย 150ย ย ย 1,050ย 
Other expense, netย (129)ย ย (68)ย ย (193)ย ย (122)
Total other incomeย 800ย ย ย 3,844ย ย ย 2,374ย ย ย 6,745ย 
Net lossย (40,950)ย ย (20,537)ย ย (69,746)ย ย (35,410)
Other comprehensive gain (loss)ย ย ย ย ย ย ย 
Unrealized gain (loss) on marketable securitiesย 8ย ย ย (20)ย ย 71ย ย ย (476)
Comprehensive loss$(40,942)ย $(20,557)ย $(69,675)ย $(35,886)
Net loss per common share, basic and diluted$(0.68)ย $(0.34)ย $(1.15)ย $(0.59)
Weighted-average shares outstanding, basic and dilutedย 60,573,425ย ย ย 60,079,778ย ย ย 60,549,658ย ย ย 59,945,889ย 
ย ย ย ย ย ย ย ย 



Acumen Pharmaceuticals, Inc.
Condensed Statements of Cash Flows
(in thousands)
(unaudited)
ย ย ย ย 
ย Six Months Ended June 30,
ย ย 2025ย ย ย 2024ย 
Cash flows from operating activitiesย 
Net loss$(69,746)ย $(35,410)
Adjustments to reconcile net loss to net cash used in operating activities:ย ย ย 
Depreciationย 31ย ย ย 33ย 
Stock-based compensation expenseย 4,972ย ย ย 4,954ย 
Amortization of premiums and accretion of discounts on marketable securities, netย (644)ย ย (3,222)
Change in fair value of embedded derivativesย (150)ย ย (1,050)
Amortization of right-of-use assetย 61ย ย ย 56ย 
Realized gain on marketable securitiesย (3)ย ย (2)
Non-cash interest expenseย 613ย ย ย 539ย 
Changes in operating assets and liabilities:ย ย ย 
Prepaid expenses and other current assetsย 1,714ย ย ย (3,350)
Other long-term assetsย 18ย ย ย (7)
Accounts payableย (3,545)ย ย 2,823ย 
Accrued clinical trial expensesย (4,236)ย ย 2,640ย 
Accrued expenses and other liabilitiesย 4,962ย ย ย (2,385)
Finance lease liabilityย -ย ย ย (23)
Net cash used in operating activitiesย (65,953)ย ย (34,404)
Cash flows from investing activitiesย ย ย 
Purchases of marketable securitiesย (38,056)ย ย (57,093)
Proceeds from maturities and sales of marketable securitiesย 105,316ย ย ย 85,605ย 
Purchases of property and equipmentย (88)ย ย (16)
Net cash provided by (used in) investing activitiesย 67,172ย ย ย 28,496ย 
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 (188)
Repurchase of common shares to pay employee withholding taxesย (73)ย ย (32)
Net cash provided by (used in) financing activitiesย (36)ย ย 6,979ย 
ย Net change in cash and cash equivalents and restricted cashย 1,183ย ย ย 1,071ย 
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$37,042ย ย $68,190ย 
ย ย ย ย 




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