Annovis Bio Inc. (NYSE: ANVS) Concludes Q3 With Strategic Milestones And FDA-Cleared Phase 3 Program For Alzheimer's Disease

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• Annovis provided business and financial updates for Q3 2024, spotlighting progress toward pivotal buntanetap trials in Alzheimer's disease.
• The FDA has cleared Annovis to proceed with a Phase 3 program, which will include a 6-month study to confirm buntanetap's symptomatic benefits (beginning Q1 2025) and an 18-month study to explore potential disease-modifying effects.
• Matthew Peterson, Ph.D., was appointed as Senior Clinical Scientist and will oversee quality and rigor in upcoming clinical trials.
• Annovis filed three new patents for innovative combination therapies, involving buntanetap with Trulicity (dulaglutide), Viagra (sildenafil), and a combination of all three.
• As of Nov. 8, 2024, the company reported a cash position of $13.6 million, providing sufficient runway to support all Phase 3 preparatory activities and to initiate the pivotal Phase 3 Alzheimer's study in Q1 2025.

Annovis Bio (NYSE: ANVS) , a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases, such as Alzheimer's disease (“AD”) and Parkinson's disease (“PD”), concluded the third quarter with significant milestones achieved and a clear path forward for its lead candidate, buntanetap.

Buntanetap is an innovative drug designed to target neurodegeneration by inhibiting the formation of multiple neurotoxic proteins, including amyloid beta, tau, alpha-synuclein, and TDP43. This multifaceted inhibition improves synaptic transmission and axonal transport, reduces neuroinflammation, and...

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NOTE TO INVESTORS:
The latest news and updates relating to ANVS are available in the company's newsroom at

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