BUZZ-Altimmune up on addition to Nasdaq Biotech index

Reuters

2024/12/19

** Drug developer Altimmune's ALT.O shares rise ~2% to $8.05 premarket

** Company says its shares will be added to Nasdaq Biotechnology index .NBI before market opens on Dec. 23

** Company currently testing pemvidutide for treatment of obesity and metabolic dysfunction-associated steatohepatitis (MASH)

** Avg rating of brokerages covering Altimmune stock is "buy"; median PT $24 - LSEG

** As of last close, company's shares have fallen 29.8% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com))

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