Altimmune CFO Richard Eisenstadt Passes Away

Altimmune, Inc. (NASDAQ: ALT) has announced the unexpected passing of its Chief Financial Officer, Richard Eisenstadt, on Monday, June 24, 2024. The company's President and CEO, Vipin K. Garg, Ph.D., expressed shock and sadness at the loss, extending heartfelt condolences to Eisenstadt's family. Garg highlighted Eisenstadt's brilliance, dedication, and the joy he brought to the workplace.

Following Eisenstadt's passing, Altimmune's finance and accounting team has assumed his duties until a replacement is named. The company has already initiated a search for his successor.

Altimmune is a clinical-stage biopharmaceutical company that focuses on developing innovative next-generation peptide-based therapeutics. One of its key developments is pemvidutide, a glp-1/glucagon dual receptor agonist for the treatment of obesity and mash.

Altimmune's financial performance will likely be impacted by the loss of its CFO, as the company navigates through the transition period and works to appoint a new leader to the finance team. The transition and the subsequent financial reporting will be closely watched by investors and industry analysts. As a result of these announcements, the company's shares have moved -14.8% on the market, and are now trading at a price of $6.31. Check out the company's full 8-K submission here.

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