Altimmune rises on plans to test obesity drug for alcohol use disorder, other conditions
ReutersMar 14, 2025 12:29 PM
Shares of drug developer Altimmune ALT.O rise 4.62% to $5.44 premarket
Co said on Thursday it plans to test its experimental obesity drug, pemvidutide, to potentially treat alcohol use disorder and alcohol-associated liver disease
Expects to begin a mid-stage study for alcohol use disorder in Q2, and for alcohol-associated liver disease in Q3
brokerage Evercore ISI says this adds another leg to the pemvidutide story and one that ALT can take the lead in
Stock down ~52% in the last 12 months
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