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Altimmune’s Phase IIb MASH Data Send Share Price Plunging

 
• By Joseph Haas

Altimmune’s stock price did not recover on June 27, after a 57% dip the day before, despite efforts to position pemvidutide as both resolving MASH and offering weight loss.

Altimmune's Phase IIb MASH data drew mixed reactions, stock price decline • Source: Shutterstock

Analyst reactions to Altimmune’s Phase IIb data for dual GLP-1/GIP receptor agonist pemvidutide in metabolic dysfunction-associated steatohepatitis (MASH) were mixed as the candidate showed ability to resolve disease, although without improving fibrosis, but investors were decidedly unimpressed, sending the company’s stock price lower for two days in a row.

Key Takeaways
  • Altimmune demonstrated an ability to resolve MASH but not to significantly improve fibrosis in a Phase IIb study of its MASH candidate pemvidutide.

Altimmune executive stressed during a conference call accompanying its June 26 data release that pemvidutide also yielded weight loss up...

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