Why Altimmune (ALT) Stock Is Trading Higher Today – Altimmune…

Why Altimmune (ALT) Stock Is Trading Higher Today – Altimmune…

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  • Altimmune Inc OLD announced topline results from its 24-week (12-week extension) study of pemvidutide in patients with non-alcoholic fatty liver disease (NAFLD).
  • Sixty-six of the 83 subjects who completed the initial 12-week Phase 1b NAFLD study consented to participate in this 12-week extension study to receive 24 weeks of treatment, and 64 subjects were enrolled.
  • The study met its primary endpoint in all pemvidutide treatment groups.
  • At the 1.8 mg and 2.4 mg doses, patients receiving pemvidutide achieved a mean relative reduction in liver fat content of 75.2% and 76.4%, respectively.
  • 92.3% and 100% of the subjects achieved a 30% reduction in liver fat and 84.6% and 72.7% of the subjects achieved a 50% reduction in liver fat.
  • 53.8% and 45.5% of the subjects achieved a normalization of liver fat.
  • Significant reductions in serum alanine aminotransferase (ALT) and corrected T1 (cT1), both established markers of liver inflammation, were observed.
  • Mean weight loss of 7.2% (placebo-adjusted 6.0%) in patients without diabetes at the 1.8 mg dose.
  • The Company looks forward to the weight loss data from the interim analysis of the MOMENTUM obesity study in Q1 2023 and the initiation of a Phase 2b NASH study in 2023.
  • Price promotion: ALT shares are up 10.20% to $11.31 on the last check Monday.

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