Altimmune

Altimmune

ALT
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ALT · Stock Price

USD 3.04-2.55 (-45.62%)
Market Cap: $591.8M

Historical price data

Overview

Altimmune's mission is to develop transformative peptide-based medicines for obesity, liver diseases, and other metabolic disorders. Its strategic pivot from vaccines to metabolic therapeutics is anchored by compelling Phase 2 data for pemvidutide, which showed significant weight loss and resolution of metabolic dysfunction-associated steatohepatitis (MASH). The company's strategy focuses on advancing pemvidutide into late-stage development while leveraging its peptide engineering platform to build a pipeline of targeted multi-agonists.

ObesityMetabolic Dysfunction-Associated Steatohepatitis (MASH)Hypercholesterolemia

Technology Platform

Proprietary peptide engineering platform designed to create single-molecule, multi-targeted agonists (e.g., GLP-1/glucagon) with optimized pharmacokinetics and hepato-directed targeting for metabolic diseases.

Pipeline

19
19 drugs in pipeline
DrugIndicationStageWatch
Licensed seasonal influenza vaccineInfluenzaApproved
NasoVAXInfluenzaPhase 2
Pemvidutide + PlaceboNon-Alcoholic Steatohepatitis (NASH)Phase 2
PemvidutideAlcohol Use Disorder (AUD)Phase 2
PemvidutideAlcohol Liver DiseasePhase 2

Opportunities

Pemvidutide addresses two multi-billion dollar markets (obesity and MASH) with a single, differentiated therapy offering competitive weight loss, MASH resolution, and lipid benefits.
Its Phase 2 data provides a strong foundation for late-stage development and potential partnership or acquisition interest.

Risk Factors

The company faces significant clinical development risk in Phase 3 trials, intense competition from larger players with greater resources, and future dilution or loss of control through necessary financing or partnerships.
Commercial success is not assured even with approval.

Competitive Landscape

Altimmune competes in obesity against dominant GLP-1 products (Novo Nordisk, Eli Lilly) and next-generation multi-agonists, and in MASH against newly approved Madrigal's resmetirom and other late-stage candidates. Differentiation hinges on pemvidutide's balanced dual-agonist profile and hepato-directed action.