share_log

Altimmune | 8-K: Altimmune Announces Second Quarter 2024 Financial Results and Provides a Business Update

Altimmune | 8-K: Altimmune Announces Second Quarter 2024 Financial Results and Provides a Business Update

Altimmune | 8-K:Altimmune公佈2024年第二季度財務業績並提供業務最新情況
美股SEC公告 ·  2024/08/08 19:09

Moomoo AI 已提取核心訊息

Altimmune reported Q2 2024 financial results with $164.9M cash position as of June 30, 2024. The company recorded a net loss of $24.6M ($0.35 per share) compared to $16.1M in Q2 2023. Research and development expenses increased to $21.2M from $13.3M year-over-year, primarily due to pemvidutide development costs.Recent clinical data presentations highlighted pemvidutide's therapeutic potential, showing up to 15.6% weight loss at 48 weeks in obesity trials and superior lean mass preservation with 78.1% of weight loss from fat. The drug demonstrated significant reductions in triglycerides (55.8%), total cholesterol (20%), and liver fat content in MASH studies.The company continues enrollment in Phase 2b IMPACT trial for MASH with topline data expected in Q1 2025. An End-of-Phase 2 FDA meeting is scheduled for late Q3 2024 to discuss Phase 3 obesity trial design. Management indicated ongoing progress in discussions with potential strategic partners while planning expansion into three additional therapeutic indications.
Altimmune reported Q2 2024 financial results with $164.9M cash position as of June 30, 2024. The company recorded a net loss of $24.6M ($0.35 per share) compared to $16.1M in Q2 2023. Research and development expenses increased to $21.2M from $13.3M year-over-year, primarily due to pemvidutide development costs.Recent clinical data presentations highlighted pemvidutide's therapeutic potential, showing up to 15.6% weight loss at 48 weeks in obesity trials and superior lean mass preservation with 78.1% of weight loss from fat. The drug demonstrated significant reductions in triglycerides (55.8%), total cholesterol (20%), and liver fat content in MASH studies.The company continues enrollment in Phase 2b IMPACT trial for MASH with topline data expected in Q1 2025. An End-of-Phase 2 FDA meeting is scheduled for late Q3 2024 to discuss Phase 3 obesity trial design. Management indicated ongoing progress in discussions with potential strategic partners while planning expansion into three additional therapeutic indications.
Altimmune於2024年第二季度公佈財務結果,截至2024年6月30日現金情況爲16490萬美元。公司錄得淨虧損2460萬美元(每股0.35美元),而2023年第二季度爲1610萬美元。研發費用同比增長至2120萬美元,之前爲1330萬美元,主要是由於pemvidutide開發成本的增加。最近的臨牀數據展示突顯了pemvidutide的治療潛力,在肥胖試驗中顯示出48周內可達15.6%的體重減輕,並且脂肪的重量損失中78.1%是來自於優質肌肉的保存。該藥物在MASH研究中顯示出甘油三酯(下降55.8%)、總膽固醇(下降20%)和肝臟脂肪含量的顯著減少。公司繼續在MASH的20億IMPACt試驗中招募參與者,預計Q1 2025提供頂線數據。計劃於2024年第三季度末舉行一期FDA會議,討論第三期肥胖試驗設計。管理層表示與潛在戰略伙伴的討論持續取得進展,同時計劃擴展到三種額外的治療適應症。
Altimmune於2024年第二季度公佈財務結果,截至2024年6月30日現金情況爲16490萬美元。公司錄得淨虧損2460萬美元(每股0.35美元),而2023年第二季度爲1610萬美元。研發費用同比增長至2120萬美元,之前爲1330萬美元,主要是由於pemvidutide開發成本的增加。最近的臨牀數據展示突顯了pemvidutide的治療潛力,在肥胖試驗中顯示出48周內可達15.6%的體重減輕,並且脂肪的重量損失中78.1%是來自於優質肌肉的保存。該藥物在MASH研究中顯示出甘油三酯(下降55.8%)、總膽固醇(下降20%)和肝臟脂肪含量的顯著減少。公司繼續在MASH的20億IMPACt試驗中招募參與者,預計Q1 2025提供頂線數據。計劃於2024年第三季度末舉行一期FDA會議,討論第三期肥胖試驗設計。管理層表示與潛在戰略伙伴的討論持續取得進展,同時計劃擴展到三種額外的治療適應症。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息