Appendix 4C – Q1 FY25 Quarterly Cash Flow Report
Clinical Trial Updates: Alterity Therapeutics is progressing with its Phase 2 clinical trials for ATH434, showing promising interim results in modifying disease progression in Multiple System Atrophy (MSA), with topline data expected in January 2025.
Corporate Developments: The company appointed Abby Macnish Niven as Chief Financial Officer and reported a cash balance of A$9.28 million as of September 30, 2024, while actively participating in investor activities and presenting data at the International Congress of Parkinson's Disease and Movement Disorders.
Trade with 70% Backtested Accuracy
Analyst Views on ATHE
About ATHE
About the author
Alterity Therapeutics Completes Phase 2 Trials for ATH434, Targeting $2.4 Billion Market
- Clinical Trial Success: In 2025, Alterity successfully completed Phase 2 trials for ATH434, demonstrating strong safety and efficacy signals, paving the way for a transition to Phase 3 trials, which is expected to unlock significant market opportunities.
- Significant Market Potential: ATH434 targets Multiple System Atrophy (MSA), a condition currently lacking effective treatments, with a potential market size of $2.4 billion, and successful advancement will greatly enhance Alterity's competitive position in the biotech sector.
- Regulatory Alignment Plans: Alterity plans to hold an End-of-Phase 2 meeting with the FDA in mid-2026 to finalize the design and key clinical endpoints for Phase 3 trials, ensuring compliance and effectiveness in clinical development.
- Strengthened Leadership Team: In 2025, Alterity enhanced its governance structure by appointing Julian Babarczy as the new Chair of the Board, increasing the leadership team's expertise and market responsiveness, preparing for critical milestones in 2026.
Alterity Therapeutics: Q1 FY26 Cash Flow Report - Appendix 4C
Clinical Trial Results: New analysis from the ATH434-201 trial shows strengthened efficacy at a high dose for treating Multiple System Atrophy (MSA), with positive outcomes also reported in the ATH434-202 open-label trial for advanced MSA patients.
Market Potential: An independent assessment indicates a potential peak sales opportunity of USD $2.4 billion for ATH434 in the MSA market, driven by strong physician interest based on Phase 2 trial results.
Regulatory Engagement: Alterity Therapeutics is actively engaging with the U.S. FDA to discuss necessary data for advancing ATH434 into Phase 3 trials, following a series of Type C meetings to align on clinical development topics.
Financial Position: As of September 30, 2025, Alterity reported a cash balance of A$54.56 million, with operating cash outflows of A$5.34 million for the quarter, and successfully raised A$20 million from a strategic placement to support its programs.
Alterity Therapeutics Showcases Encouraging Results from ATH434 Phase 2 Trial at the 2025 International Congress on Parkinson's Disease and Movement Disorders
ATH434 Clinical Trial Results: Data from the Phase 2 trial of ATH434 in Multiple System Atrophy (MSA) show it slows disease progression and stabilizes orthostatic hypotension, with significant improvements observed in clinical endpoints compared to placebo.
Neuroimaging and Biomarker Analysis: Advanced neuroimaging and biomarker assessments in the trial enhance the understanding of MSA diagnosis and track disease evolution, indicating a multimodal approach may improve diagnostic accuracy.
Alterity Therapeutics to Present Several Talks at the 2025 International Congress on Parkinson's Disease and Movement Disorders
Clinical Trial Presentation: Data from Alterity Therapeutics' ATH434-201 Phase 2 trial in Multiple System Atrophy (MSA) will be presented at the 2025 International Congress of Parkinson's Disease and Movement Disorders, highlighting its potential as a first-ever treatment for MSA.
Efficacy and Safety Results: The trial demonstrated significant clinical efficacy, improved motor performance, and a favorable safety profile for ATH434, which is designed to inhibit protein aggregation associated with neurodegeneration.
Alterity Therapeutics Set to Showcase at the Biotech Conference
Corporate Update Announcement: Alterity Therapeutics will present a corporate update at the Biotech Showcase on September 3, 2025, in Australia and September 2, 2025, in the U.S., focusing on their advancements in neurodegenerative disease treatments.
Clinical Trial Progress: The company has shown promising results for its lead asset, ATH434, in clinical trials for Multiple System Atrophy (MSA), a rare Parkinsonian disorder, and is actively developing therapies for Parkinson's disease and related conditions.
Alterity Therapeutics Reports Positive Topline Data from Open-Label Phase 2 Clinical Trial of ATH434 in Multiple System Atrophy
Clinical Trial Results: The ATH434-202 Phase 2 clinical trial demonstrated that ATH434 significantly improved neurological symptoms and slowed disease progression in patients with advanced Multiple System Atrophy (MSA), showing a reduction in impairment on the Unified MSA Rating Scale and stabilization of key biomarkers.
Safety Profile: ATH434 was well-tolerated among participants, with no serious adverse events related to the treatment reported, supporting its favorable safety profile and potential for further development as a disease-modifying therapy for MSA.
Alterity Therapeutics Completes Phase 2 Trials for ATH434, Targeting $2.4 Billion Market
- Clinical Trial Success: In 2025, Alterity successfully completed Phase 2 trials for ATH434, demonstrating strong safety and efficacy signals, paving the way for a transition to Phase 3 trials, which is expected to unlock significant market opportunities.
- Significant Market Potential: ATH434 targets Multiple System Atrophy (MSA), a condition currently lacking effective treatments, with a potential market size of $2.4 billion, and successful advancement will greatly enhance Alterity's competitive position in the biotech sector.
- Regulatory Alignment Plans: Alterity plans to hold an End-of-Phase 2 meeting with the FDA in mid-2026 to finalize the design and key clinical endpoints for Phase 3 trials, ensuring compliance and effectiveness in clinical development.
- Strengthened Leadership Team: In 2025, Alterity enhanced its governance structure by appointing Julian Babarczy as the new Chair of the Board, increasing the leadership team's expertise and market responsiveness, preparing for critical milestones in 2026.
Alterity Therapeutics: Q1 FY26 Cash Flow Report - Appendix 4C
Clinical Trial Results: New analysis from the ATH434-201 trial shows strengthened efficacy at a high dose for treating Multiple System Atrophy (MSA), with positive outcomes also reported in the ATH434-202 open-label trial for advanced MSA patients.
Market Potential: An independent assessment indicates a potential peak sales opportunity of USD $2.4 billion for ATH434 in the MSA market, driven by strong physician interest based on Phase 2 trial results.
Regulatory Engagement: Alterity Therapeutics is actively engaging with the U.S. FDA to discuss necessary data for advancing ATH434 into Phase 3 trials, following a series of Type C meetings to align on clinical development topics.
Financial Position: As of September 30, 2025, Alterity reported a cash balance of A$54.56 million, with operating cash outflows of A$5.34 million for the quarter, and successfully raised A$20 million from a strategic placement to support its programs.
Alterity Therapeutics Showcases Encouraging Results from ATH434 Phase 2 Trial at the 2025 International Congress on Parkinson's Disease and Movement Disorders
ATH434 Clinical Trial Results: Data from the Phase 2 trial of ATH434 in Multiple System Atrophy (MSA) show it slows disease progression and stabilizes orthostatic hypotension, with significant improvements observed in clinical endpoints compared to placebo.
Neuroimaging and Biomarker Analysis: Advanced neuroimaging and biomarker assessments in the trial enhance the understanding of MSA diagnosis and track disease evolution, indicating a multimodal approach may improve diagnostic accuracy.
Alterity Therapeutics to Present Several Talks at the 2025 International Congress on Parkinson's Disease and Movement Disorders
Clinical Trial Presentation: Data from Alterity Therapeutics' ATH434-201 Phase 2 trial in Multiple System Atrophy (MSA) will be presented at the 2025 International Congress of Parkinson's Disease and Movement Disorders, highlighting its potential as a first-ever treatment for MSA.
Efficacy and Safety Results: The trial demonstrated significant clinical efficacy, improved motor performance, and a favorable safety profile for ATH434, which is designed to inhibit protein aggregation associated with neurodegeneration.
Alterity Therapeutics Set to Showcase at the Biotech Conference
Corporate Update Announcement: Alterity Therapeutics will present a corporate update at the Biotech Showcase on September 3, 2025, in Australia and September 2, 2025, in the U.S., focusing on their advancements in neurodegenerative disease treatments.
Clinical Trial Progress: The company has shown promising results for its lead asset, ATH434, in clinical trials for Multiple System Atrophy (MSA), a rare Parkinsonian disorder, and is actively developing therapies for Parkinson's disease and related conditions.
Alterity Therapeutics Reports Positive Topline Data from Open-Label Phase 2 Clinical Trial of ATH434 in Multiple System Atrophy
Clinical Trial Results: The ATH434-202 Phase 2 clinical trial demonstrated that ATH434 significantly improved neurological symptoms and slowed disease progression in patients with advanced Multiple System Atrophy (MSA), showing a reduction in impairment on the Unified MSA Rating Scale and stabilization of key biomarkers.
Safety Profile: ATH434 was well-tolerated among participants, with no serious adverse events related to the treatment reported, supporting its favorable safety profile and potential for further development as a disease-modifying therapy for MSA.
