Altimmune, Inc. - ALT STOCK NEWS

Altimmune, Inc. (Nasdaq: ALT) has announced its financial results for Q2 2021, reporting a cash position of approximately $218 million, enabling ongoing development of its obesity and liver disease pipeline. The interim results from the ALT-801 Phase 1 trial showed a placebo-adjusted weight loss of 6.3% over six weeks. The 12-week data readout for ALT-801 is expected in September 2021, alongside plans for IND applications in NASH and obesity. Revenue was $0.1 million, down from $0.7 million YoY, with a net loss of $24.8 million for the quarter.

Altimmune, Inc. (Nasdaq: ALT) will announce its second quarter 2021 financial results on August 11, 2021. Management will host a conference call at 8:30 am E.T. to discuss the results and provide further business updates. The conference can be accessed via dial-in or webcast. Altimmune is focused on developing treatments for obesity and liver diseases, with a pipeline that includes therapies for NASH and chronic hepatitis B.

Altimmune (Nasdaq: ALT) has announced the discontinuation of its AdCOVID vaccine development after a Phase 1 trial revealed it was well tolerated but failed to generate adequate immune responses compared to existing COVID-19 vaccines. The focus will shift to advancing its obesity and liver disease programs, notably ALT-801 and HepTcell. Encouraging interim data from the ALT-801 trial indicate significant weight loss in overweight participants. Meanwhile, enrollment challenges in the T-COVID Phase 1/2 trial have led to the decision to halt further enrollment while evaluating future development options.

Altimmune announced interim results from its Phase 1 trial of ALT-801, a dual GLP-1/glucagon receptor agonist, showing a significant 5.4% weight loss at 6 weeks with a 1.8 mg dose, exceeding the 2% target. The treatment was well-tolerated with low nausea rates. Further developments include plans to file an additional IND for an obesity program in 2021 and an anticipated 12-week data readout in Q3 2021. The trial aims to explore ALT-801's effects on liver fat and metabolic conditions, enhancing its therapeutic potential in tackling obesity and NASH.

Altimmune, Inc. (Nasdaq: ALT), a clinical-stage biopharmaceutical company, will participate in the 2021 Jefferies Virtual Healthcare Conference from June 1 to 4, 2021. The management team, including Vipin Garg, Scot Roberts, and Scott Harris, will present on June 2, 2021 at 11:30 am ET. Attendees can access the presentation through a webcast link on the Altimmune website. Altimmune focuses on developing intranasal vaccines and therapies for various diseases, including its COVID-19 vaccine, AdCOVID™.

Altimmune reported promising preclinical results for its AdCOVID vaccine against the South African variant B.1.351. The neutralizing titers against this variant were only 4.4-fold lower than those against the original SARS-CoV-2 strain after a single intranasal dose. A booster dose further narrowed this gap to 1.8-fold. The study also highlighted strong mucosal immunity, suggesting that AdCOVID could effectively combat variants while simplifying vaccination strategies. The company aims to report Phase 1 trial data in June 2021, with a focus on its potential to provide broad immune responses.

Altimmune, a clinical-stage biopharmaceutical company, reported financial results for Q1 2021, highlighting approximately $227 million in cash and short-term investments. Upcoming data readouts from the Phase 1 clinical trials of AdCOVID and ALT-801 are expected in June. The company anticipates a comprehensive Phase 2 trial for AdCOVID if results are favorable. ALT-801 also shows promise for treating non-alcoholic steatohepatitis (NASH) and obesity. However, Q1 revenue fell 64% year over year to $0.8 million, while net loss increased to $14.9 million, reflecting higher expenses.

Altimmune, Inc. (Nasdaq: ALT) will announce its first quarter 2021 financial results on May 17, 2021. The company, focused on developing intranasal vaccines and therapies, will hold a conference call at 8:30 am ET to discuss these results and provide updates on its business. The call can be accessed via a domestic dial-in at 877-423-9813 or internationally at 201-689-8573, using the conference ID 13719206. Investors can also join the webcast to get insights into Altimmune's pipeline, including its promising COVID-19 vaccine candidate, AdCOVID™.

Altimmune has reported promising preclinical results for its COVID-19 vaccine candidate, AdCOVID. A single intranasal dose of AdCOVID demonstrated sterilizing immunity in the lungs of vaccinated mice, showing no detectable levels of infectious virus after exposure to SARS-CoV-2. This study signifies a potential breakthrough in preventing viral transmission, crucial amid increasing vaccine hesitancy. The ongoing Phase 1 trial is set to deliver topline data in June 2021, assessing safety and immune response, while AdCOVID's features may enhance vaccine acceptance globally.