Altimmune, Inc. ALT

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
28/100
Developing

About Altimmune, Inc.

Altimmune, Inc., a clinical stage biopharmaceutical company, focuses on developing treatments for obesity, metabolic, and liver diseases. Its lead product candidate is pemvidutide, a GLP-1/glucagon dual receptor agonist, which is in Phase 3 trial for the treatment of obesity and metabolic associated steatohepatitis. The company was founded in 1997 and is headquartered in Gaithersburg, Maryland. Full ALT analysis →

Competitive advantage assessment

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.94), providing operational cushion.

Key risks

  • Below-Peer Operating Efficiency Operating margin at 3.8th percentile indicates below-peer efficiency.
  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.27), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
16

Where ALT ranks in Biotechnology

Altimmune, Inc. ranks #533 of 713 scored companies in Biotechnology by moat score — the top 75%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

Moat scores for companies ranked near ALT in Biotechnology
# Company Moat score Rating
529 Aptose Biosciences, Inc. APTO 28/100 Developing
530 Entera Bio Ltd. ENTX 28/100 Developing
531 XORTX Therapeutics Inc. XRTX 28/100 Developing
532 Lexeo Therapeutics, Inc. LXEO 28/100 Developing
533 Altimmune, Inc. ALT 28/100 Developing
534 Telomir Pharmaceuticals, Inc. TELO 28/100 Developing
535 Viracta Therapeutics, Inc. VIRX 28/100 Developing
536 Mereo BioPharma Group plc MREO 28/100 Developing
537 Armata Pharmaceuticals, Inc. ARMP 28/100 Developing

See every Biotech / Pre-Revenue company ranked by moat score →

How ALT scores on the Corporate Default defenses

Pricing Power

Score 16 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 3 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 13 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 49 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 50 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 31 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ALT's moat

What is Altimmune, Inc.'s moat score?

Altimmune, Inc. (ALT) scores 28 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #533 of 713 scored companies in Biotechnology, the top 75%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Resilience (50/100) and its weakest is Cost Advantage (3/100).

How does Altimmune, Inc. compare with other Biotechnology companies?

Altimmune, Inc. ranks #533 of 713 scored companies in Biotechnology by moat score. The widest moat in Biotechnology is Royalty Pharma plc (RPRX) at 85/100. The companies ranked closest are Lexeo Therapeutics, Inc. (LXEO) at 28 just above it and Telomir Pharmaceuticals, Inc. (TELO) at 28 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 712 companies in Biotechnology. The defenses are then weighted to produce the overall score out of 100.

Why is Altimmune, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Altimmune, Inc.?

The Corporate Default template measures 6 defenses, and ALT scores: Pricing Power (16), Cost Advantage (3), Customer Stickiness (13), Capital Efficiency (49), Resilience (50), Scale & Market Position (31). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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