Biotech Values

[DewDiligence]

ALT slides off the COVID-19 bandwagon:

https://www.globenewswire.com/news-release/2021/06/29/2255167/0/en/Altimmune-Announces-Update-on-AdCOVID-Phase-1-Clinical-Trial.html

Although antibodies were detected that bound the SARS-CoV-2 Spike protein and neutralized the virus in a subset of subjects, the magnitude of the response and the percent of subjects responding to AdCOVID were substantially lower than what had been demonstrated for other vaccines already authorized for emergency use. Based on these data, and in view of the highly competitive COVID-19 vaccine landscape, Altimmune is discontinuing further development of AdCOVID…