Annovis Bio Phase 3 AD Trial Fully Enrolled
Analysis based on 6 articles · First reported Aug 14, 2026 · Last updated Aug 14, 2026
The announcement of full enrollment in the pivotal Phase 3 AD trial is a positive catalyst for Annovis Bio, potentially boosting investor confidence and the stock price. However, the company's increased R&D expenses and net loss may temper short-term gains, and the market will closely watch the upcoming data readouts in 2027.
Annovis Bio, Inc. (NYSE: ANVS) announced on August 14, 2026, that its pivotal Phase 3 Alzheimer's disease (AD) trial has reached full enrollment with 850 patients, exceeding the original target of 760. The trial evaluates buntanetap, an investigational oral therapy for neurodegenerative diseases. The company also reported that its Parkinson's disease (PD) open-label extension (OLE) study has enrolled 266 patients toward a goal of 500, with full enrollment projected in Q4 2026. Annovis plans to initiate an AD OLE study in October 2026 and expects topline symptomatic data from the Phase 3 trial in Q1 2027. The company also promoted Cheng Fang, Ph.D., to Chief Scientific Officer. Financially, Annovis reported cash and cash equivalents of $18.7 million as of June 30, 2026, and a net loss of $14.8 million for the second quarter, reflecting increased R&D spending. The company will host a corporate update webinar on September 2, 2026.
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