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Altimmune to Present Results of Pemvidutide in MASH in an Oral Presentation and Multiple Poster Presentations at EASL Congress 2026

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Altimmune (Nasdaq: ALT) will present new pemvidutide data from the Phase 2b IMPACT trial in metabolic dysfunction-associated steatohepatitis (MASH) at the EASL Congress 2026 in Barcelona, May 27-30.

Presentations include 48-week efficacy and safety results, 24-week fibrosis regression by digital pathology, non-invasive test responses, and cardiovascular risk factor data. The 48-week abstract was selected for Best of EASL 2026.

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News Market Reaction – ALT

-1.95%
5 alerts
-1.95% Session close to close
$569.26M Market Cap
0.1x Rel. Volume

In the May 13 session, ALT declined 1.95%, reflecting a mild negative market reaction. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores Altimmune’s focus on pemvidutide in MASH, with 48-week Phase 2b IMPACT...
Analysis

This announcement underscores Altimmune’s focus on pemvidutide in MASH, with 48-week Phase 2b IMPACT data and 24-week digital pathology and non-invasive test analyses featured at EASL 2026. Historically, the stock reacted sharply to financing events, including about $225M in recent offerings, even as year-end 2025 cash reached $274M. Investors may track future Phase 3 progress, additional data readouts, and any further use of the $400,000,000 shelf when assessing the impact of these scientific presentations.

Key Figures

Public offering proceeds: $225 million Shares in offering: 64,250,000 shares Pre-funded warrants: 10,750,000 pre-funded warrants +5 more
8 metrics
Public offering proceeds $225 million Gross proceeds from oversubscribed offering closed Apr 27, 2026
Shares in offering 64,250,000 shares Common shares issued in April 2026 public offering
Pre-funded warrants 10,750,000 pre-funded warrants Additional securities in April 2026 public offering
Shelf registration size $400,000,000 Form S-3/A shelf filed Nov 13, 2025
Cash & short-term investments $274M Balance at Dec 31, 2025
Registered direct offering $75M Registered direct offering completed Jan 2026
Net loss $88.1M Full-year 2025 net loss
IMPACT data duration 48 weeks Phase 2b pemvidutide efficacy and safety data presented at EASL 2026

Historical Context

5 past events · Latest: May 06 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 06 Earnings call date Neutral +6.5% Scheduled Q1 2026 results release and business update announcement.
Apr 27 Offering closing Negative -1.8% Closed oversubscribed public offering raising about $225M with shares and warrants.
Apr 22 Offering pricing Negative -16.7% Priced oversubscribed $225M equity and warrant offering at $3.00 per combo.
Apr 22 Offering launch Negative -16.7% Announced proposed underwritten equity and warrant offering to fund Phase 3 MASH.
Mar 05 Earnings & updates Positive -17.9% Reported 2025 results with higher cash, BTD for pemvidutide, and 2026 Phase 3 plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news shows sharp sell-offs around equity offerings and even on a positive year-end update, while a simple earnings date announcement saw a modest gain.

Recent Company History

Over the last few months, Altimmune has focused on funding and advancing pemvidutide. On Mar 5, 2026, it reported 2025 results with $274M in cash, FDA Breakthrough Therapy Designation and 2026 Phase 3 plans, yet shares fell 17.92%. A series of April offerings around $225M in gross proceeds were met with declines of up to 16.71%. By contrast, a simple Q1 2026 earnings date announcement on May 6 coincided with a 6.54% gain. Today’s EASL presentation news fits the ongoing clinical narrative for pemvidutide.

Key Terms

phase 2b, metabolic dysfunction-associated steatohepatitis, digital pathology, non-invasive tests, +4 more
8 terms
phase 2b medical
"Abstract presenting 48-week IMPACT Phase 2b efficacy and safety data..."
Phase 2b is a stage in the development of a new medicine or treatment where researchers test its effectiveness and safety in a larger group of people. This step helps determine whether the treatment works well enough to move forward and if it has manageable side effects, which is important for investors because successful results can lead to potential approval and market opportunity.
metabolic dysfunction-associated steatohepatitis medical
"...IMPACT Phase 2b clinical trial in metabolic dysfunction-associated steatohepatitis (MASH)..."
Metabolic dysfunction-associated steatohepatitis is a liver disease in which fat buildup tied to metabolic problems such as obesity and diabetes leads to inflammation and scarring, like rust forming inside a machine that gradually impairs function. It matters to investors because its growing prevalence creates large markets for drugs, diagnostics and care, and clinical trial results, approvals, or reimbursement decisions can sharply change the value of healthcare companies working in this area.
digital pathology medical
"...quantitative digital pathology analysis from the Phase 2b IMPACT Trial..."
Digital pathology is the process of converting traditional microscope slides into high-resolution digital images and using software, cloud systems, and sometimes AI to view, analyze, store and share those images. It matters to investors because it can speed diagnosis, enable remote consultations, reduce laboratory bottlenecks and create software-driven services and recurring revenue—like the shift from film to digital photography, unlocking scale, efficiency and new monetization opportunities in healthcare.
non-invasive tests medical
"...response analysis to multiple non-invasive tests (NITs) of liver inflammation..."
Non-invasive tests are medical checks that gather diagnostic information without cutting into the body or inserting instruments into internal cavities, using methods like external imaging, breath or saliva sampling, and surface sensors. For investors, they matter because they tend to be lower-risk, quicker to adopt, cheaper to administer, and more acceptable to patients than surgical procedures, which can mean larger markets, faster revenue growth, and simpler regulatory paths.
randomized, placebo-controlled medical
"Phase 2b, Multicenter, Randomized, Placebo-Controlled IMPACT Trial of Pemvidutide..."
A randomized, placebo-controlled trial is a medical study where people are assigned by chance (like flipping a coin) to receive either the experimental treatment or an inactive substitute (a placebo), and neither participants nor often the researchers know who got which. For investors, this design is the gold standard for showing whether a therapy truly works beyond chance or expectation, which reduces uncertainty about regulatory approval, market adoption, and the commercial value of a drug or device.
cardiovascular risk factors medical
"Effect of Pemvidutide on Cardiovascular Risk Factors in Patients with MASH..."
Cardiovascular risk factors are medical conditions or lifestyle habits—such as high blood pressure, high cholesterol, smoking, obesity, diabetes, and physical inactivity—that increase the chance of heart attacks, strokes, or other blood-vessel problems. For investors, these factors matter because they drive demand for medicines, devices, preventive care, and insurance costs, and they affect the size and growth of healthcare markets much like warning lights that signal where repairs or costly interventions will be needed.
late-breaking poster technical
"...including a late-breaking poster presentation."
A late-breaking poster is a research summary accepted for display at a medical or scientific conference after the usual submission deadline because the findings are new or urgent. It often contains fresh clinical or regulatory data that investors treat like a surprise news bulletin, since unexpected positive or negative results can quickly change a company’s outlook—think of it as an unplanned update that can move markets.
poster presentations technical
"Poster Presentations Late-Breaking Poster Abstract Title..."
Poster presentations are visual summaries of research findings displayed at scientific conferences on large boards or electronic screens, often accompanied by a brief in-person explanation. They matter to investors because they reveal early or detailed data about a drug, device, or study outcome before full publication; think of them as a research preview or trade-show demo that can change expectations about a product’s prospects once results are seen and discussed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Abstract presenting 48-week IMPACT Phase 2b efficacy and safety data selected for inclusion in “Best of EASL 2026” by EASL

Oral presentation will highlight further the 48-week IMPACT efficacy and safety data

Late-breaker abstract featuring new digital pathology analysis of liver fibrosis regression from IMPACT 24-week data

GAITHERSBURG, Md., May 13, 2026 (GLOBE NEWSWIRE) -- Altimmune, Inc. (Nasdaq: ALT), a late clinical-stage biopharmaceutical company developing pemvidutide to address serious liver diseases, today announced that analyses of data from its IMPACT Phase 2b clinical trial in metabolic dysfunction-associated steatohepatitis (MASH) will be presented at the European Association for the Study of the Liver (EASL) Congress 2026, taking place May 27-30 in Barcelona, Spain.

Data will be featured in both an oral presentation and several poster sessions, including a late-breaking poster presentation. The company also announced that its abstract on 48-week results has been selected by EASL as Best of EASL 2026 in their summary deck for its noteworthy contribution to the scientific program of the EASL congress.

The oral presentation will showcase 48-week efficacy and safety results from the IMPACT Phase 2 trial, while additional poster presentations will focus on new 24-week findings, including digital pathology analysis of fibrosis regression, a response analysis to multiple non-invasive tests (NITs) of liver inflammation and fibrosis and data on cardiovascular measures.

Oral Presentation

Abstract Title: Week 48 Top-Line Results from the Phase 2b, Multicenter, Randomized, Placebo-Controlled IMPACT Trial of Pemvidutide in Metabolic Dysfunction-Associated Steatohepatitis
Session: MASLD: Clinical and Therapeutic Aspects I (OS-016)
Date/Time: Thursday, May 28, 17:00 CEST
Presenter: Dr. Mazen Noureddin, Professor of Medicine, Houston Methodist Hospital; Chief Scientific Officer and Co-Chairman, Summit Clinical Research

Poster Presentations

Late-Breaking Poster
Abstract Title: Pemvidutide Treatment Led to Fibrosis Regression After 24 Weeks in Patients with MASH: Quantitative Digital Pathology Analysis from the Phase 2b IMPACT Trial
Session: Late Breaker Posters (LBP-036)
Date/Time: Wednesday, May 27, 08:30 CEST
Presenter: Dr. Shaheen Tomah, Director, Clinical Development, Altimmune

Poster Presentation
Abstract Title: Concurrent Responses in Multiple Non-Invasive Tests for Hepatic Inflammation and Fibrosis Following Pemvidutide Treatment: 24-Week Responder Analyses from the Phase 2b IMPACT Trial
Session: MASLD: Therapy (TOP-176)
Date/Time: Friday, May 29, 08:30-17:00 CEST
Presenter: Dr. Scot Roberts, Chief Scientific Officer, Altimmune

Poster Presentation
Abstract Title: Effect of Pemvidutide on Cardiovascular Risk Factors in Patients with MASH: 48-Week Results from the Phase 2b IMPACT Trial
Session: MASLD: Therapy (FRI-201)
Date/Time: Friday, May 29, 08:30-17:00 CEST
Presenter: Dr. Shaheen Tomah, Director, Clinical Development, Altimmune

A copy of the oral presentation and posters will be available in the Events section of the Altimmune website.

About the IMPACT Phase 2b Study
The randomized, placebo-controlled, double-blind IMPACT Phase 2b trial (NCT05989711) enrolled 212 participants with biopsy-confirmed metabolic dysfunction-associated steatohepatitis (MASH) and fibrosis stages F2 or F3, with and without diabetes. Study participants were randomized 1:2:2 to receive weekly subcutaneous pemvidutide doses at either 1.2 mg, 1.8 mg or placebo for 48 weeks. The primary efficacy endpoints, measured at 24 weeks, were MASH resolution without worsening of fibrosis, or fibrosis improvement without worsening of MASH. Secondary endpoints included non-invasive tests of fibrosis and weight loss measured at 24 and 48 weeks.

About Pemvidutide
Pemvidutide is a novel, investigational peptide with balanced 1:1 glucagon/GLP-1 dual receptor agonist activity, in development for the treatment of metabolic dysfunction-associated steatohepatitis (MASH), alcohol use disorder (AUD) and alcohol-associated liver disease (ALD). The activation of glucagon receptors results in direct effects on the liver, including reductions in liver fat, inflammation and fibrosis, while GLP-1 receptors mediate metabolic effects such as appetite suppression and weight loss.

The FDA granted Fast Track designations to pemvidutide for the treatment of MASH and AUD, as well as Breakthrough Therapy Designation for MASH. In December 2025, the Company announced 48-week data from the IMPACT Phase 2b trial in MASH. The Phase 2 RECLAIM trial in AUD and RESTORE trial in ALD were initiated in May 2025 and July 2025, respectively, and are currently ongoing.

About Altimmune 
Altimmune is a late clinical-stage biopharmaceutical company developing therapies for patients with serious liver diseases. The Company’s lead candidate, pemvidutide, is a unique dual-action therapy targeting both glucagon and GLP-1 receptors in a balanced 1:1 ratio in development for the treatment of metabolic dysfunction-associated steatohepatitis (MASH), alcohol use disorder (AUD) and alcohol-associated liver disease (ALD). For more information, please visit www.altimmune.com.

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Forward-Looking Statements

Any statements made in this press release related to the development or commercialization of pemvidutide, an investigational product candidate, and other business, regulatory and financial matters including without limitation, clinical trial study design, status, correspondence, results and data, including related to the completed IMPACT trial, or the ongoing RECLAIM and RESTORE trials, the timing of key milestones for the Company’s clinical programs, future plans or expectations for pemvidutide for the treatment of MASH, AUD and ALD, the potential benefits of Fast Track and Breakthrough Therapy Designations, including potential regulatory timeline and approval benefits, the Company’s financial position, and the prospects for receiving regulatory approval or commercializing or selling any product or drug candidates, financial results, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, when or if used in this press release, the words "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict" and similar expressions and their variants, as they relate to Altimmune, Inc. may identify forward-looking statements. The Company cautions that these forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time. Important factors that may cause actual results to differ materially from the results discussed in the forward-looking statements or historical experience include risks and uncertainties, including risks relating to: delays in regulatory review, manufacturing and supply chain interruptions, access to clinical sites, enrollment, adverse effects on healthcare systems and disruption of the global economy; the reliability of the results of studies relating to human safety and possible adverse effects resulting from the administration of the Company's product candidates; the Company's ability to manufacture clinical trial materials on the timelines anticipated; and the success of future product advancements, including the success of future clinical trials. Further information on the factors and risks that could affect the Company's business, financial conditions and results of operations are contained in the Company's filings with the U.S. Securities and Exchange Commission, including under the heading "Risk Factors" in the Company's most recent annual report on Form 10-K, quarterly report on Form 10-Q and the Company’s other filings with the SEC, which are available at www.sec.gov.

Investor Contact:
Luis Sanay, CFA
Vice President, Investor Relations
ir@altimmune.com

Media Contact:
Real Chemistry 
altimmune@realchemistry.com


FAQ

What will Altimmune (ALT) present about pemvidutide in MASH at EASL Congress 2026?

Altimmune will present multiple analyses from the Phase 2b IMPACT trial of pemvidutide in MASH. According to Altimmune, these include 48-week efficacy and safety data, 24-week fibrosis regression, non-invasive liver test responses, and cardiovascular risk factor results.

When is Altimmune’s IMPACT Phase 2b oral presentation on pemvidutide scheduled at EASL 2026?

The oral presentation is scheduled for Thursday, May 28, 2026, at 17:00 CEST. According to Altimmune, it will cover 48-week top-line efficacy and safety results from the multicenter, randomized, placebo-controlled IMPACT Phase 2b trial in MASH.

What is the ‘Best of EASL 2026’ recognition for Altimmune’s pemvidutide data (ALT)?

Altimmune’s 48-week IMPACT abstract was selected for inclusion in the ‘Best of EASL 2026’ summary deck. According to Altimmune, this highlights the abstract’s noteworthy contribution to the EASL scientific program focused on liver disease research.

What fibrosis regression data from pemvidutide will Altimmune present at EASL 2026?

Altimmune will present a late-breaking poster on fibrosis regression after 24 weeks of pemvidutide treatment in MASH. According to Altimmune, this uses quantitative digital pathology analysis from the Phase 2b IMPACT trial to characterize liver fibrosis changes.

Which additional poster presentations will Altimmune (ALT) give from the IMPACT trial at EASL 2026?

Altimmune will present posters on non-invasive test responses for hepatic inflammation and fibrosis and on cardiovascular risk factors. According to Altimmune, these use 24-week responder analyses and 48-week data from the Phase 2b IMPACT pemvidutide trial.

Where can investors access Altimmune’s EASL 2026 pemvidutide presentations from the IMPACT trial?

Altimmune plans to make a copy of the oral presentation and posters available online. According to Altimmune, these materials will be posted in the Events section of the company’s website after the EASL Congress 2026 sessions.