AC Immune Reports Positive ACI-24.060 Initial Interim Safety and Immunogenicity in Phase 1b/2 ABATE Trial

(24/7 MARKET NEWS) – AC Immune SA (NASDAQ: ACIU) reported, this morning, that the first interim safety, tolerability and immunogenicity findings from the Phase 1b/2 ABATE trial of its anti-amyloid-beta (Abeta) vaccine ACI-24.060 in patients with prodromal Alzheimer’s disease (AD). ABATE will now be expanded, as planned, to include individuals with Down syndrome (DS) and to evaluate higher doses in Alzheimer’s patients.

AC Immune opened this morning’s trading at $2.59 and has dropped to $2.42, up $0.08 (+3.42%), on volume of 1.2 million shares traded.

Its 52-week range is $1.68 to $4.93. $2.50 is the key inflection point and, right now, it’s on the wrong side.

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