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NASDAQ:ALMS

Alumis (ALMS) Stock Price, News & Analysis

Alumis logo
$7.66 -0.13 (-1.67%)
As of 01/17/2025 04:00 PM Eastern

About Alumis Stock (NASDAQ:ALMS)

Key Stats

Today's Range
$7.50
$7.86
50-Day Range
$7.00
$11.35
52-Week Range
$6.75
$13.53
Volume
79,853 shs
Average Volume
106,480 shs
Market Capitalization
$361.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$26.83
Consensus Rating
Buy

Company Overview

Our mission is to significantly improve the lives of patients by replacing broad immunosuppression with targeted therapies. Our name, Alumis, captures our mission to enlighten immunology, and is inspired by the words "allumer"-French for illuminate-and "immunis"-Latin for the immune system. We are a clinical stage biopharmaceutical company with an initial focus on developing our two Tyrosine Kinase 2 (TYK2) inhibitors: ESK-001, a second-generation inhibitor that we are developing to maximize target inhibition and optimize tolerability, and A-005, a central nervous system (CNS) penetrant molecule. ESK-001 has demonstrated significant therapeutic effect in our Phase 2 program in patients with PsO, which we define as moderate-to-severe plaque psoriasis (PsO), and is currently being evaluated in an additional Phase 2 clinical trial in patients with systemic lupus erythematosus (SLE), for which we expect to report results in 2026. With the favorable results in our Phase 2 clinical trial in PsO, we intend to initiate multiple Phase 3 clinical trials of ESK-001 in the second half of 2024 in this indication. TYK2 genetic mutations are associated with a strong protective effect in multiple sclerosis, motivating us to develop our second product candidate, A-005, as a CNS-penetrant, allosteric TYK2 inhibitor for neuroinflammatory and neurodegenerative diseases. In April 2024, we initiated our Phase 1 program of A-005 in healthy volunteers and expect to report initial results by the end of 2024. We utilize our proprietary precision data analytics platform, biological insights and team of experienced research and development experts to deepen our understanding of disease pathologies, accelerate research and development and increase the probability of clinical success. Our collective insights informed our selection of TYK2 as the target for our two lead programs. Beyond TYK2, our proprietary precision data analytics platform and drug discovery expertise have led to the identification of additional preclinical programs that exemplify our precision approach. We recognize that patients living with immune-mediated diseases need alternatives to currently available therapies. Despite recent advances and innovations in the treatment of immune-mediated diseases, many patients continue to suffer, cycling through currently approved therapies while looking for a solution that alleviates the debilitating impact of their disease without life-limiting side effects. Addressing the needs of these patients is why we exist. We are pioneering a precision approach that leverages insights derived from powerful data analytics to select the right target, right molecule, right indication, right patient, right endpoint and right combination to dramatically improve patient outcomes. We believe that combining our insights with an integrated approach to drug development will produce the next generation of treatments to address immune dysfunction. We were founded in January 2021 as a Delaware corporation under the name FL2021-001, Inc. We changed our name to Esker Therapeutics, Inc. in March 2021, and subsequently to Alumis Inc. in January 2022. Our principal executive offices are located at 280 East Grand Avenue, South San Francisco, California.

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ALMS Stock News Headlines

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Alumis announces Phase 1 data for CNS penetrant TYK2 inhibitor, A-005
Alumis: A Best-In-Class TYK2 Inhibitor
See More Headlines

ALMS Stock Analysis - Frequently Asked Questions

Alumis' stock was trading at $7.86 on January 1st, 2025. Since then, ALMS shares have decreased by 2.5% and is now trading at $7.66.
View the best growth stocks for 2025 here
.

Alumis (ALMS) raised $210 million in an initial public offering (IPO) on Friday, June 28th 2024. The company issued 13,125,000 shares at a price of $16.00 per share.

Alumis' lock-up period expired on Wednesday, December 25th. Alumis had issued 13,125,000 shares in its IPO on June 28th. The total size of the offering was $210,000,000 based on an initial share price of $16.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the end of the lock-up period.

Shares of ALMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Alumis investors own include Comstock (LODE), Ashford Hospitality Trust (AHT), Artificial Intelligence Technology Solutions (AITX), Allakos (ALLK), BioXcel Therapeutics (BTAI), Clearside Biomedical (CLSD) and Delcath Systems (DCTH).

Company Calendar

Today
1/20/2025
Next Earnings (Estimated)
2/12/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:ALMS
Previous Symbol
NASDAQ:ALMS
Web
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.83
High Stock Price Target
$36.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+250.3%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
N/A
Market Cap
$361.71 million
Optionable
N/A
Beta
N/A
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This page (NASDAQ:ALMS) was last updated on 1/20/2025 by MarketBeat.com Staff
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