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Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4 Recent Selloff Is A ‘Buying Opportunity’ For This NASH Stock, Says Analyst – Altimmune (NASDAQ:ALT) – Stocks to Watch
However, ALT shares plunged by almost 30%, primarily owing to disappointment in the rate of weight loss generated in the study, the secondary objective in the trial.
Placebo-adjusted weight loss in non-diabetic patients of 4.7% was less than some investors had expected.
HC Wainwright believes the program remains on track to generate 20%- plus weight loss in non-diabetic obese patients with a lower liver fat content than a traditional NAFLD population.
As the Phase 2 MOMENTUM trial is expected to be fully enrolled by 4Q22 and generate an interim top-line data release after 24 weeks in 1Q23, it is the more significant de-risking event for the pemvidutide program.
Price Action: ALT shares are down 6.50% at $13.46 on the last check Friday.
