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      Positive Topline Data Sends Annexon (ANNX) Stock Soaring

      By Fahim Awan

      Published on

      June 4, 2024

      3:49 PM UTC

      Positive Topline Data Sends Annexon (ANNX) Stock Soaring

      The unveiling of encouraging topline findings from their pivotal Phase 3 study evaluating ANX005 for the treatment of Guillain-Barré syndrome (GBS) has caused a considerable increase in the stock price of Annexon, Inc. (NASDAQ: ANNX). At the time of the most recent current-market check, ANNX shares had risen 30.57% to $5.98.

      Strong Efficacy Observed In Key Endpoints

      The Phase 3 trial successfully achieved its primary endpoint. Patients receiving ANX005 at a dosage of 30 mg/kg exhibited a statistically significant improvement of 2.4-fold on the GBS disability scale (GBS-DS) at week 8 compared to the placebo group.

      Furthermore, ANX005 treatment demonstrated positive outcomes on key secondary endpoints, including earlier gains in muscle strength as measured by the Medical Research Council (MRC) sum score at both day 8 and week 8. Additionally, patients treated with ANX0005 required a median of 28 fewer days on artificial ventilation through week 26.

      Early Functional Improvement And Biomarker Reduction

      A prespecified analysis revealed that patients receiving ANX005 achieved independent walking a median of 31 days sooner compared to those in the placebo group. This signifies that ANX005 treatment led to faster improvement across all assessed metrics, potentially translating into better clinical outcomes for patients and the healthcare system.

      Potential First-Line Therapy With Broad Applicability

      These results hold promise for ANX005 becoming the first targeted treatment for GBS in the United States. The drug consistently demonstrated improvement and functional benefits across primary and secondary endpoints. Importantly, the Phase 3 trial suggests that early administration of ANX005 offers rapid neuroprotection, halting disease progression and expediting patient recovery.

      These findings support Annexon’s core belief that C1q inhibition represents a powerful mechanism for arresting neuroinflammatory processes.  The success of ANX005 in GBS underscores the potential of this drug and Annexon’s classical complement platform to treat a wider range of diseases affecting the body, brain, and eye.

      Fast Track Designation And Orphan Drug Status

      The FDA has granted ANX005 Fast Track and Orphan Drug designations. Additionally, the European Medicines Agency (EMA) has also awarded Orphan Drug status based on a meta-analysis of prior studies involving ANX005 and intravenous immunoglobulin (IVIg).

      Annexon’s analysis highlighted significant early improvements in muscle strength with ANX005, translating into observable gains in patients’ health status, including a reduced need for mechanical ventilation.

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