Altimmune Reports Positive Phase 2 RECLAIM Trial Results for Pemvidutide in Alcohol Use Disorder
ALT sits 34% above its 52-week low of $2.56.
Summary
Altimmune announced positive topline results from its Phase 2 RECLAIM trial for pemvidutide in alcohol use disorder, meeting its primary endpoint and key secondary endpoints, which significantly advances the drug's development.
Key Events · Product Development and Regulatory · ALT
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Positive Phase 2 RECLAIM Trial Results
Altimmune announced positive topline results from its RECLAIM Phase 2 trial evaluating pemvidutide 2.4 mg in patients with moderate to severe alcohol use disorder (AUD).
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Met Primary and Key Secondary Endpoints
The trial met its primary endpoint with a highly statistically significant reduction in heavy drinking days per week versus placebo. Important secondary endpoints, including a two-level reduction in WHO Risk Drinking Level and zero heavy drinking days (both FDA registrational endpoints), were also met.
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Favorable Safety Profile
A generally favorable safety and tolerability profile was observed for pemvidutide in the trial.
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Advancing to FDA Meeting
The company plans to request an End-of-Phase 2 meeting with the FDA to discuss the path forward for pemvidutide in AUD, building on its existing Fast Track designation for this indication.
Analysis · ALT · Life Sciences
This filing announces highly positive topline results from the Phase 2 RECLAIM trial for pemvidutide in alcohol use disorder (AUD). Meeting the primary endpoint with statistical significance and showing positive results on FDA-recognized registrational secondary endpoints is a strong indicator of the drug's potential efficacy. Given the significant unmet need in AUD and pemvidutide's existing Fast Track designation for this indication, these results substantially strengthen Altimmune's pipeline and de-risk its lead candidate. The company's plan to request an End-of-Phase 2 meeting with the FDA signals progression towards a potential Phase 3 trial.
At the time of this filing, ALT was trading at $3.44 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $575.6M. The 52-week trading range was $2.56 to $6.44. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.