Jul. 11 at 2:57 AM
$ANNX
In June, the FDA expanded its acceptance of RWE (real-world evidence study), hence the bogus and deceptive claim that ANNX’s GBS required additional data, which is false and contrary to the amended FDA protocol.
In essence, the fraudulent claim was purely a means for the institution to create retail panic so that it could further accumulate.
I suspect that additional amendments to the FDA drug approval process may, in fact, benefit ANNX’s GBS and possibly result in a condensed timing of their BLA acceptance to two months under the Commissioner’s National Priority Voucher (CNPV), announced by the FDA commissioner on June 17th. https://www.fda.gov/news-events/press-announcements/fda-issue-new-commissioners-national-priority-vouchers-companies-supporting-us-national-interests
The GBS published phase 3 data is robust and demonstrated statistical significance against both placebo and IVIG. No approved therapies are available for GBS, with only IVIG as a non-approved option for a very harsh disease.
In addition, the company has embarked and will have phase 3 top-line data in GA. Over 1,000,000 people in the US alone suffer from this eye disease, which can result in total vision loss. This is a multi-billion-dollar space in the US with no approved therapy that provides vision preservation. ANNX’s drug is the only drug to demonstrate this in their phase 2 trial (already derisked), hence their rapid enrollment and accelerated timing of their phase 3 trial. In comparison, look at Regeneron’s GA phase 3 trial, which is delayed despite the company having
$17 billion in the bank, due to the inferiority of their drug versus ANNX.
ANNX will release human proof of concept for an oral small molecule (drug) for an autoimmune disease, with the potential to expand into larger indications, multi-billion-dollar markets. Due to manufacturing cost, a small molecule is the holy grail in drug development. The release of a successful Proof of concept would be significant, especially if the safety and efficacy profile is attractive.
ANNX has
$267 million, providing ample capital for major inflection points.
I’m very biased since I have a significant shareholding. I welcome any comments, but I detest market manipulation intended to hurt retail investors, especially based on false data.
Good luck, longs.