Annovis Bio Promotes Cheng Fang to Chief Scientific Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Annovis Bio announced the promotion of Cheng Fang to chief scientific officer. Fang, who joined Annovis in 2021 and most recently served as senior VP, research and development, will lead scientific strategy and research operations across the company's AD and PD programs, including translational science, clinical development, biomarker strategy, and regulatory interactions.
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Analyst Views on ANVS
Wall Street analysts forecast ANVS stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.970
Low
8.00
Averages
12.50
High
17.00
Current: 1.970
Low
8.00
Averages
12.50
High
17.00
About ANVS
Annovis Bio, Inc. is a late-stage clinical drug platform company addressing neurodegeneration such as Alzheimer’s disease (AD), and Parkinson’s disease (PD). The Company is developing its lead product candidate, Buntanetap, which is designed to address AD, PD, and potentially other chronic neurodegenerative diseases. Buntanetap is a synthetically produced small molecule, orally administered, brain penetrant compound. Its product candidate ANVS405 is an intravenous drug being developed for acute indications and focused on protecting the brain after traumatic brain injury and/or stroke. ANVS405 is the same compound as Buntanetap, given in cases of acute head and brain trauma. ANVS301 is an orally administered drug being developed to increase cognitive capability in later stages of AD and dementia. ANVS301 is observed to improve memory and learning in very old rats by lowering the number of errors from over six to three.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Annovis Bio Regains NYSE Compliance Ahead of Schedule
- Compliance Recovery: Annovis Bio regained compliance with the NYSE within approximately 12 months, ahead of the 18-month cure period, demonstrating the company's proactive measures to restore market capitalization and stockholders' equity.
- Drug Development Outlook: The lead drug candidate, Buntanetap, targets neurodegenerative diseases like Alzheimer's and Parkinson's, and with compliance issues resolved, the company can focus on advancing clinical programs, setting the stage for future regulatory submissions.
- Market Performance Fluctuations: Over the past year, ANVS's stock price fluctuated between $1.54 and $5.50, closing at $2.06 on Tuesday, down 7.62%, indicating market caution regarding the company's outlook.
- Clear Strategic Direction: Annovis emphasized its commitment to advancing clinical milestones, particularly the upcoming topline data readout from the pivotal Phase 3 AD study, highlighting the company's long-term growth potential in the biotech sector.
See More
Annovis Bio Restores Compliance with NYSE Listing Standards
- Compliance Restoration: Annovis Bio received a deficiency notice from the NYSE on March 26, 2025, due to its average global market capitalization and equity falling below $50 million, but successfully restored compliance after implementing corrective measures, demonstrating the company's resilience in the market.
- Remediation Plan Approval: The NYSE approved Annovis's remediation plan on June 19, 2025, granting an 18-month period to regain compliance, indicating regulatory confidence in the company's future development.
- Market Capitalization Recovery: By taking necessary corrective actions, Annovis successfully restored its market capitalization and equity to compliant levels, further enhancing investor confidence in its long-term growth potential.
- Stock Price Surge: Annovis's shares rose by 3.72%, reflecting a positive market reaction to its compliance restoration, which may also pave the way for future financing and investment opportunities.
See More
Annovis Bio Inc. Prices Public Offering to Raise $15 Million
- Offering Size: Annovis Bio Inc. announced the pricing of 7,895,000 shares of common stock and 7,105,000 warrants at a combined price of $1.90 per share, with expected gross proceeds of approximately $15 million, demonstrating the company's ability to raise capital in the market.
- Use of Proceeds: The funds will be utilized to advance its lead candidate Buntanetap for treating Alzheimer's and Parkinson's diseases, as well as for working capital and corporate purposes, indicating the company's focus on future growth.
- Market Reaction: Annovis Bio Inc. closed at $2.04 on Wednesday, up 5.15%, while pre-market trading showed a slight decline to $2.00, reflecting initial market reactions and investor sentiment towards the offering.
- Closing Timeline: The offering is expected to close on or about May 21, 2026, subject to customary closing conditions, showcasing the company's strategic planning and foresight in capital operations.
See More
Annovis Bio's Stock Drops After $15M Offering Announcement
- Offering Size: Annovis Bio plans to raise approximately $15 million by issuing 7,895,000 shares of common stock along with 7,105,500 warrants, indicating a pressing need for capital to support operations.
- Warrant Details: The combined offering price for each share and accompanying warrant is set at $1.90, with warrants exercisable at $2.25 per share, effective immediately and expiring six years post-issuance, reflecting the company's expectations for future stock performance.
- Use of Proceeds: The net proceeds are intended for the continued clinical development of Annovis's lead compound, buntanetap, in studies for Alzheimer's and Parkinson's diseases, aiming to enhance product development and market competitiveness.
- Market Reaction: Following the announcement of the offering, Annovis Bio's shares fell over 7%, indicating investor concerns regarding the company's financing strategy and future growth prospects.
See More
Annovis Bio Announces Public Offering for Neurodegenerative Drug Development
- Public Offering Announcement: Annovis Bio has announced a public offering of shares and accompanying warrants, aimed at raising funds for the development of treatments for Alzheimer's and Parkinson's diseases, indicating a proactive financing strategy during its clinical stage.
- Funding Utilization: The net proceeds from this offering will be directed towards the Phase 3 clinical study of its lead drug candidate, Buntanetap, demonstrating the company's confidence in the drug's potential for Alzheimer's treatment while also supporting working capital needs.
- Stock Performance Volatility: ANVS shares have traded between $1.54 and $5.50 over the past year, closing at $1.94 on Tuesday, down 5.37%, reflecting a cautious market response to the public offering news.
- Pre-Market Decline: In pre-market trading, ANVS is down 18.77% to $1.58, indicating investor concerns regarding the company's future prospects and the implications of the public offering, which may affect its short-term market performance.
See More
Annovis Bio Launches Proposed Public Offering
- Public Offering Announcement: Annovis Bio has launched a proposed underwritten public offering of common stock and accompanying warrants, indicating a proactive approach to capital markets despite undisclosed terms.
- Defined Use of Proceeds: The proceeds from this offering are earmarked for the continued clinical development of buntanetap in a Phase 3 Alzheimer's disease study, demonstrating the company's commitment to advancing critical drug research while also addressing working capital and general corporate needs.
- Market Reaction Potential: This public offering may enhance Annovis Bio's liquidity, providing essential financial support for future R&D projects and boosting market confidence in its long-term growth potential.
- Strategic Development Focus: The company's ongoing investment in the Alzheimer's disease sector not only reflects its commitment to this market but may also lay the groundwork for future product line expansions, further solidifying its position in the biopharmaceutical industry.
See More
Annovis Bio Regains NYSE Compliance Ahead of Schedule
- Compliance Recovery: Annovis Bio regained compliance with the NYSE within approximately 12 months, ahead of the 18-month cure period, demonstrating the company's proactive measures to restore market capitalization and stockholders' equity.
- Drug Development Outlook: The lead drug candidate, Buntanetap, targets neurodegenerative diseases like Alzheimer's and Parkinson's, and with compliance issues resolved, the company can focus on advancing clinical programs, setting the stage for future regulatory submissions.
- Market Performance Fluctuations: Over the past year, ANVS's stock price fluctuated between $1.54 and $5.50, closing at $2.06 on Tuesday, down 7.62%, indicating market caution regarding the company's outlook.
- Clear Strategic Direction: Annovis emphasized its commitment to advancing clinical milestones, particularly the upcoming topline data readout from the pivotal Phase 3 AD study, highlighting the company's long-term growth potential in the biotech sector.
See More
Annovis Bio Restores Compliance with NYSE Listing Standards
- Compliance Restoration: Annovis Bio received a deficiency notice from the NYSE on March 26, 2025, due to its average global market capitalization and equity falling below $50 million, but successfully restored compliance after implementing corrective measures, demonstrating the company's resilience in the market.
- Remediation Plan Approval: The NYSE approved Annovis's remediation plan on June 19, 2025, granting an 18-month period to regain compliance, indicating regulatory confidence in the company's future development.
- Market Capitalization Recovery: By taking necessary corrective actions, Annovis successfully restored its market capitalization and equity to compliant levels, further enhancing investor confidence in its long-term growth potential.
- Stock Price Surge: Annovis's shares rose by 3.72%, reflecting a positive market reaction to its compliance restoration, which may also pave the way for future financing and investment opportunities.
See More
Annovis Bio Inc. Prices Public Offering to Raise $15 Million
- Offering Size: Annovis Bio Inc. announced the pricing of 7,895,000 shares of common stock and 7,105,000 warrants at a combined price of $1.90 per share, with expected gross proceeds of approximately $15 million, demonstrating the company's ability to raise capital in the market.
- Use of Proceeds: The funds will be utilized to advance its lead candidate Buntanetap for treating Alzheimer's and Parkinson's diseases, as well as for working capital and corporate purposes, indicating the company's focus on future growth.
- Market Reaction: Annovis Bio Inc. closed at $2.04 on Wednesday, up 5.15%, while pre-market trading showed a slight decline to $2.00, reflecting initial market reactions and investor sentiment towards the offering.
- Closing Timeline: The offering is expected to close on or about May 21, 2026, subject to customary closing conditions, showcasing the company's strategic planning and foresight in capital operations.
See More
Annovis Bio's Stock Drops After $15M Offering Announcement
- Offering Size: Annovis Bio plans to raise approximately $15 million by issuing 7,895,000 shares of common stock along with 7,105,500 warrants, indicating a pressing need for capital to support operations.
- Warrant Details: The combined offering price for each share and accompanying warrant is set at $1.90, with warrants exercisable at $2.25 per share, effective immediately and expiring six years post-issuance, reflecting the company's expectations for future stock performance.
- Use of Proceeds: The net proceeds are intended for the continued clinical development of Annovis's lead compound, buntanetap, in studies for Alzheimer's and Parkinson's diseases, aiming to enhance product development and market competitiveness.
- Market Reaction: Following the announcement of the offering, Annovis Bio's shares fell over 7%, indicating investor concerns regarding the company's financing strategy and future growth prospects.
See More
Annovis Bio Announces Public Offering for Neurodegenerative Drug Development
- Public Offering Announcement: Annovis Bio has announced a public offering of shares and accompanying warrants, aimed at raising funds for the development of treatments for Alzheimer's and Parkinson's diseases, indicating a proactive financing strategy during its clinical stage.
- Funding Utilization: The net proceeds from this offering will be directed towards the Phase 3 clinical study of its lead drug candidate, Buntanetap, demonstrating the company's confidence in the drug's potential for Alzheimer's treatment while also supporting working capital needs.
- Stock Performance Volatility: ANVS shares have traded between $1.54 and $5.50 over the past year, closing at $1.94 on Tuesday, down 5.37%, reflecting a cautious market response to the public offering news.
- Pre-Market Decline: In pre-market trading, ANVS is down 18.77% to $1.58, indicating investor concerns regarding the company's future prospects and the implications of the public offering, which may affect its short-term market performance.
See More
Annovis Bio Launches Proposed Public Offering
- Public Offering Announcement: Annovis Bio has launched a proposed underwritten public offering of common stock and accompanying warrants, indicating a proactive approach to capital markets despite undisclosed terms.
- Defined Use of Proceeds: The proceeds from this offering are earmarked for the continued clinical development of buntanetap in a Phase 3 Alzheimer's disease study, demonstrating the company's commitment to advancing critical drug research while also addressing working capital and general corporate needs.
- Market Reaction Potential: This public offering may enhance Annovis Bio's liquidity, providing essential financial support for future R&D projects and boosting market confidence in its long-term growth potential.
- Strategic Development Focus: The company's ongoing investment in the Alzheimer's disease sector not only reflects its commitment to this market but may also lay the groundwork for future product line expansions, further solidifying its position in the biopharmaceutical industry.
See More
