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Stock impact report

Altimmune Inc (ALT) Q3 2024 Earnings Call Highlights: Strategic FDA Alignment and Expanding ... [Yahoo! Finance]

Altimmune, Inc. (ALT) 
NASDAQ:AMEX Investor Relations: altimmune.com/investors
Company Research Source: Yahoo! Finance
Altimmune Inc ( NASDAQ:ALT ) has fully enrolled its Phase 2B impact trial for PTI IN MS, with top-line efficacy data expected in Q2 2025. The company achieved alignment with the FDA on a comprehensive Phase 3 registration program for its obesity program, indicating a clear regulatory path forward. Altimmune Inc ( NASDAQ:ALT ) plans to expand its R&D investments into three additional indications, leveraging the enhanced glucagon activity of its product. The company has a strong cash position, with $139.4 million in cash, cash equivalents, and short-term investments, projected to fund operations into the first half of 2026. Altimmune Inc ( NASDAQ:ALT ) has received positive feedback from the FDA regarding the safety profile of its product, with no safety signals identified in its trials. The company's net loss for Q3 2024 was $22.8 million, an increase from the $20.7 million loss in the same period of 2023. Research and development expenses increased to $19.8 million in Q3 Show less Read more
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