Avenue Therapeutics shareholders elect directors, ratify KPMG auditor

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2025.12.31 14:44
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Avenue Therapeutics shareholders elected six directors and ratified KPMG as the auditor during the virtual annual meeting on December 30, 2025. The directors will serve until the 2026 meeting, with strong majority support. The company reported a Hold rating for its stock (ATXI) with a price target of $0.64. Despite ongoing losses, the company has a debt-free balance sheet, but profitability remains a concern. Avenue Therapeutics focuses on developing therapeutics in the biopharmaceutical industry.