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Altimmune Announces Closing of $75 Million Registered Direct Offering of Common Stock
Globenewswire· 2026-01-29 22:54
Group 1 - Altimmune, Inc. has closed a registered direct offering of 17,045,454 shares, generating approximately $75 million in gross proceeds before fees and expenses [1][2] - The funds will be used for the upcoming Phase 3 trial in metabolic dysfunction-associated steatohepatitis (MASH) and for general corporate purposes [2] - The offering was facilitated by Titan Partners, acting as the sole placement agent [3] Group 2 - Pemvidutide, Altimmune's lead candidate, is a dual-action therapy targeting glucagon and GLP-1 receptors, showing potential as a differentiated treatment for MASH [2][6] - The company has received Breakthrough Therapy Designation from the U.S. FDA for pemvidutide, indicating its significance in addressing serious liver diseases [2] - Altimmune is focused on delivering long-term value for shareholders while enhancing its operational flexibility through this investment [2]
Altimmune (ALT) Shares Slide On $75 Million Stock Offering
Benzinga· 2026-01-28 21:13
Core Viewpoint - Altimmune Inc has announced a $75 million registered direct offering of common stock, leading to a significant decline in its share price [1][9]. Group 1: Offering Details - The company has entered a securities purchase agreement for the sale of 17,045,454 shares of common stock, or pre-funded warrants [2]. - The offering is expected to generate approximately $75 million in gross proceeds, priced at about $4.40 per share, and is anticipated to close around January 29, subject to customary conditions [3]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to fund preparations for the upcoming Phase 3 trial in metabolic dysfunction-associated steatohepatitis (MASH), along with working capital and general corporate purposes [4]. Group 3: Stock Performance - Currently, Altimmune's stock is trading 17.4% above its 20-day simple moving average and 19.8% above its 100-day simple moving average, indicating short-term strength despite the recent decline [5]. - Over the past 12 months, shares have decreased by approximately 26.33% and are closer to their 52-week lows than highs [5]. - The stock's RSI is at 78.59, indicating overbought territory, while the MACD shows bullish momentum, suggesting a potential correction may be due [6]. Group 4: Company Overview - Altimmune is a clinical-stage biopharmaceutical company focused on developing treatments for obesity, metabolic diseases, and liver diseases, with its product candidate pemvidutide being a dual receptor agonist currently in clinical development [7]. - The recent stock offering is significant as it aims to fund further development of pemvidutide, which could address major health issues [8].
Morning Market Movers: MRNO, FLGC, KUST, AIMD See Big Swings
RTTNews· 2026-01-28 12:31
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Murano Global Investments Plc (MRNO) is up 146% at $3.35 [3] - Kustom Entertainment, Inc. (KUST) is up 34% at $2.84 [3] - Ainos, Inc. (AIMD) is up 34% at $2.32 [3] - Stride, Inc. (LRN) is up 29% at $94.10 [3] - Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is up 18% at $2.40 [3] - Battalion Oil Corporation (BATL) is up 16% at $3.83 [3] - C3.ai, Inc. (AI) is up 15% at $14.58 [3] - Lantronix, Inc. (LTRX) is up 14% at $7.87 [3] - Nextpower Inc. (NXT) is up 13% at $120.00 [3] - High Roller Technologies, Inc. (ROLR) is up 7% at $7.56 [3] Premarket Losers - Flora Growth Corp. (FLGC) is down 34% at $7.20 [4] - TEN Holdings, Inc. (XHLD) is down 29% at $2.47 [4] - Global Interactive Technologies, Inc. (GITS) is down 22% at $3.25 [4] - 5E Advanced Materials, Inc. (FEAM) is down 15% at $2.70 [4] - Vyome Holdings, Inc. (HIND) is down 14% at $2.79 [4] - Altimmune, Inc. (ALT) is down 11% at $5.48 [4] - BiomX Inc. (PHGE) is down 10% at $6.22 [4] - Qorvo, Inc. (QRVO) is down 9% at $74.94 [4] - Nuwellis, Inc. (NUWE) is down 9% at $3.45 [4] - Brenmiller Energy Ltd (BNRG) is down 9% at $2.90 [4]
Altimmune Announces Pricing of $75 Million Registered Direct Offering of Common Stock
Globenewswire· 2026-01-28 02:25
Core Viewpoint - Altimmune, Inc. has entered into a securities purchase agreement for the sale of 17,045,454 shares of common stock, expected to generate approximately $75 million in gross proceeds, to fund its Phase 3 trial for pemvidutide and for general corporate purposes [1][2]. Group 1: Offering Details - The offering involves 17,045,454 shares of common stock or pre-funded warrants, with gross proceeds anticipated to be around $75 million before expenses [1]. - The offering is expected to close on or about January 29, 2026, pending customary closing conditions [1]. - Titan Partners is acting as the sole placement agent for this offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to prepare for the upcoming Phase 3 trial in metabolic dysfunction-associated steatohepatitis (MASH), along with working capital and general corporate purposes [2]. - Pemvidutide is a dual agonist targeting glucagon and GLP-1 receptors, showing potential as a differentiated therapy for MASH, supported by recent Phase 2b data and Breakthrough Therapy Designation from the U.S. FDA [2]. Group 3: Company Overview - Altimmune is a late clinical-stage biopharmaceutical company focused on therapies for serious liver diseases, with pemvidutide as its lead candidate [6]. - The company aims to deliver significant patient impact and long-term shareholder value through its innovative therapies [2].
Investor Bets $100k On David v Goliath Matchup With Altimmune and Eli Lilly
247Wallst· 2026-01-23 19:06
Core Insights - Shares of Altimmune (NASDAQ: ALT) experienced a significant increase of 35.4% over the past week, indicating a strong positive shift in retail investor sentiment [1] Company Summary - The surge in Altimmune's stock price coincided with a notable change in retail investor behavior on platforms like Reddit, suggesting a potential influence of social media on investment decisions [1]
ALT5 Sigma Corporation Reports Q3 2025 Financial Results and Significant Milestones
Businesswire· 2026-01-12 13:23
Core Insights - ALT5 Sigma Corporation, a fintech company, reported its financial results for the fiscal quarter ending September 27, 2025, highlighting significant financial, strategic, and operational milestones achieved during the quarter [1]. Financial Performance - The company maintains a strategic digital asset treasury valued at $WLFI, which is integral to its operations [1]. - The financial results indicate meaningful progress in the company's blockchain-powered payment and trading infrastructure for digital assets [1]. Strategic Developments - ALT5 Sigma Corporation is focused on enhancing its card-based payment programs, which are part of its broader strategy to leverage digital assets [1]. - The company has made notable advancements in its operational capabilities, reflecting its commitment to growth in the fintech sector [1].
ALT Stock Up 17% After Pemvidutide Gets FDA Breakthrough Tag for MASH
ZACKS· 2026-01-06 17:55
Core Insights - Altimmune (ALT) has received FDA Breakthrough Therapy Designation for pemvidutide, a dual receptor agonist aimed at treating metabolic dysfunction-associated steatohepatitis (MASH) [1][5] - The Breakthrough Therapy designation is designed to expedite the development and review of therapies for serious diseases with unmet medical needs [2] - Following the announcement, ALT's shares increased by 16.52%, although they have seen a 44% decline over the past year compared to a 1.4% rise in the industry [2] Study Data - The Breakthrough Therapy status is supported by 24-week data from the phase IIb IMPACT study, which showed significant MASH resolution without worsening fibrosis and early improvements in liver health markers [3][5] - In December, 48-week data from the IMPACT study indicated continued significant improvements in liver health markers and weight loss at the 1.8 mg dose [6] - Altimmune confirmed alignment with the FDA to advance pemvidutide into a phase III study for MASH patients with moderate to severe liver fibrosis, expected to begin in 2026 [7] Additional Developments - Pemvidutide is also being developed for alcohol use disorder (AUD) and alcohol-associated liver disease (ALD) in mid-stage studies, with Fast Track designations already granted for MASH and AUD [8]
Altimmune, Inc. (NASDAQ: ALT) Director Increases Stake Amid Promising Drug Developments
Financial Modeling Prep· 2026-01-06 05:00
Core Insights - Altimmune, Inc. has received Breakthrough Therapy Designation from the FDA for its drug pemvidutide, indicating significant potential for improvement over existing therapies for serious liver diseases [2][6] - The company reported promising 48-week Phase IIb data for pemvidutide, showing durable improvements in non-invasive fibrosis markers and a weight loss of 7.5% at a 1.8 mg dose, supporting progression to Phase III trials [3][6] - Altimmune is optimistic about regulatory alignment for a Phase III trial, which will focus on biopsy-based endpoints and test a 2.4 mg dose [4][6] Stock Performance - The stock price of Altimmune is currently at $4.09, reflecting a significant increase of 16.52% with a change of $0.58, indicating investor confidence [4] - Over the past year, the stock has fluctuated between a low of $2.90 and a high of $7.83, with a current market capitalization of approximately $361 million and a trading volume of 26.77 million shares [5]
Altimmune, GH Research, Gyre Therapeutics And Other Big Stocks Moving Higher On Monday - Aduro Clean Technologies (NASDAQ:ADUR), Allegro Microsystems (NASDAQ:ALGM)
Benzinga· 2026-01-05 15:09
Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 500 points on Monday [1] Company Highlights - Altimmune Inc (NASDAQ:ALT) saw a significant increase of 23.6%, reaching $4.34, following the FDA's grant of Breakthrough Therapy Designation for Pemvidutide in MASH [1] - GH Research PLC (NASDAQ:GHRS) surged by 33.8% to $17.72 after the FDA lifted the clinical hold on its Investigational New Drug Application for GH001 [2] - Vicor Corp (NASDAQ:VICR) rose by 20.7% to $141.08 [2] - Critical Metals Corp (NASDAQ:CRML) increased by 19.6% to $9.71 [2] - Kosmos Energy Ltd (NYSE:KOS) gained 19.3% to $1.06 after issuing an operational and financial update [2] - TRON Inc (NASDAQ:TRON) increased by 16.9% to $1.59 [2] - Nuscale Power Corp (NYSE:SMR) rose by 15.7% to $18.88 [2] - Regencell Bioscience Holdings Ltd (NASDAQ:RGC) increased by 15.4% to $23.71 [2] - Rayonier Advanced Materials Inc (NYSE:RYAM) gained 14.1% to $6.68, with the appointment of Scott M. Sutton as President and CEO [2] - Aduro Clean Technologies Inc (NASDAQ:ADUR) rose by 14% to $12.05 [2] - Gyre Therapeutics Inc (NASDAQ:GYRE) increased by 12.7% to $7.67, announcing alignment with China's CDE on conditional approval pathway for hydronidone [2] - Endeavour Silver Corp (NYSE:EXK) gained 12.5% to $10.16 [2] - Allegro MicroSystems Inc (NASDAQ:ALGM) surged by 11.9% to $30.12 [2] - United States Antimony Corp (NYSE:UAMY) rose by 11.7% to $6.69 [2] - Oklo Inc (NYSE:OKLO) gained 11.5% to $86.82 [2] - Figure Technology Solutions Inc (NASDAQ:FIGR) increased by 11.3% to $48.66 [2] - Valero Energy Corp (NYSE:VLO) rose by 9.6% to $181.21 [2] - AeroVironment, Inc. (NASDAQ:AVAV) increased by 8.6% to $278.31 [2] - Coeur Mining Inc (NYSE:CDE) gained 8.5% to $19.05 [2] - Halliburton Co (NYSE:HAL) rose by 7.8% to $31.92, with U.S. energy stocks trading higher amid news of potential investments in Venezuela's oil industry [2] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) gained 7.7% to $85.39 [2] - Slb NV (NYSE:SLB) increased by 7.4% to $43.19 [2] - Amkor Technology Inc (NASDAQ:AMKR) rose by 7.3% to $46.05, with Needham analyst Charles Shi maintaining a Buy rating and raising the price target from $37 to $50 [2]
Altimmune Receives FDA Breakthrough Therapy Designation for Pemvidutide in MASH
Globenewswire· 2026-01-05 12:30
Core Insights - The U.S. FDA has granted Breakthrough Therapy Designation for pemvidutide, a dual receptor agonist, for treating metabolic dysfunction-associated steatohepatitis (MASH) [1][3][7] - The designation is based on promising Phase 2b trial data showing significant MASH resolution and improvements in liver health markers [3][4] Company Overview - Altimmune, Inc. is a late clinical-stage biopharmaceutical company focused on therapies for serious liver diseases, with pemvidutide as its lead candidate [9] - The company aims to advance pemvidutide through late-stage development, emphasizing its commitment to patient care and stakeholder value [3][4] Clinical Development - The FDA's Breakthrough Therapy Designation was supported by 24-week data from the IMPACT Phase 2b trial, which demonstrated significant improvements in liver fat and fibrosis without worsening conditions [3][4] - Altimmune plans to initiate a Phase 3 trial for pemvidutide, evaluating multiple doses over a 52-week period, incorporating biopsy-based endpoints for potential accelerated approval [4] Disease Context - MASH is a progressive liver disease characterized by fat accumulation, inflammation, and fibrosis, which can lead to severe complications like cirrhosis and liver cancer [5] - Current treatment options for MASH may not adequately address both metabolic drivers and fibrosis, highlighting the need for effective therapies like pemvidutide [5] Mechanism of Action - Pemvidutide is a novel investigational peptide that acts as a balanced 1:1 glucagon/GLP-1 dual receptor agonist, targeting liver fat reduction, inflammation, and fibrosis while also promoting appetite suppression and weight loss [6]