Company
ASX:ATH
Clinical-stage biotech developing disease-modifying drugs for neurodegenerative disease. Lead candidate ATH434 is an oral small molecule designed to reduce excess iron accumulation in the brain and inhibit aggregation of alpha-synuclein, the protein implicated in Multiple System Atrophy and related synucleinopathies. It targets the underlying biology of age-related neurodegeneration rather than symptoms, which is the longevity-relevant part. ATH434 has completed a randomised placebo-controlled Phase 2 trial in MSA plus an open-label Phase 2 in advanced MSA, and the company is working toward a pivotal Phase 3. It is a single-asset, pre-revenue developer, so exposure is binary on that program.
Thesis
Market data
| Metric | Detail |
|---|---|
| Exchange | ASX |
| Ticker | ASX:ATH |
| Secondary listing | NASDAQ |
| Market cap | Not disclosed |
| Status | Listed and trading |
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Offering
No commercial services are recorded for this company yet.
Recent inflection
19 May 2026: Alterity presented Phase 2 ATH434 data at three meetings (ISMRM, MDSANZ, MSA Symposium at UCL), reporting a significant effect at 50 mg twice daily on functional decline (-4.0 points, p=0.035, roughly 48% slowing) and reduced swallowing decline (p=0.003 at 50 mg). The company also reported two positive Type C interactions with the US FDA and said it was on track for an End-of-Phase 2 FDA meeting around mid-2026 to enable a pivotal Phase 3.
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Sources
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