Amylyx Pharmaceuticals Inc. announced its financial and business results for the third quarter ended September 30, 2025. The company reported the completion of an underwritten public offering, resulting in net proceeds of approximately $191 million. This extends Amylyx's expected cash runway into 2028, covering the anticipated commercial launch of avexitide in 2027, pending approval. The company also stated that recruitment for the pivotal Phase 3 LUCIDITY trial of avexitide is expected to be completed in the first quarter of 2026, with topline data anticipated in the third quarter of 2026. Management will host a conference call and webcast to discuss these updates.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amylyx Pharmaceuticals Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251106437649) on November 06, 2025, and is solely responsible for the information contained therein.
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