Altimmune value rockets on obesity data

1 December 2023

US biopharma Altimmune (Nasdaq: ALT) has entered the conversation about weight loss, joining the likes of Novo Nordisk (NOV: N) and Eli Lilly (NYSE: LLY) by presenting positive data in the potentially lucrative field.

The company has announced top-line results from its 48-week MOMENTUM Phase II obesity trial of pemvidutide.

"The level of weight loss achieved at 48 weeks in this trial has been shown to reverse the key complications of obesity"The investigational, peptide-based GLP-1/glucagon dual receptor agonist in development for the treatment of obesity and metabolic dysfunction-associated steatohepatitis, formerly known as non-alcoholic steatohepatitis (NASH).

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