Alumis Inc. is a cutting-edge technology company specializing in the development and commercialization of innovative solutions within the healthcare sector
Focused on enhancing patient care and operational efficiencies, the company harnesses advanced data analytics and artificial intelligence to provide healthcare providers with actionable insights and tools. Their offerings aim to improve patient outcomes, streamline workflows, and reduce costs, positioning Alumis as a key player in the transformation of healthcare services. Through their commitment to research and development, the company strives to address the evolving needs of the medical community and empower healthcare professionals with the resources necessary for excellence in care delivery.
HC Wainwright has initiated coverage on Alumis, highlighting the biopharmaceutical company's lead drug candidate, ESK-001. The analyst notes ESK-001's superior clinical data compared to Bristol Myers Squibb's Sotyktu, indicating strong growth potential in the TYK2 market.
Guggenheim Partners initiated coverage on Alumis, highlighting its lead asset ESK-001, a TYK2 inhibitor for plaque psoriasis and systemic lupus erythematosus. With upcoming Phase 3 trials and no JAK class black box warning, ESK-001 shows promise as a competitive oral therapy.
Shares of Ardent Health slipped in their trading debut on Thursday after the hospital operator reduced its initial public offering from its proposed size and priced below the marketed range.
Alumis priced its IPO at $16/share, raising $210 million with 13.13 million shares. Trading begins June 28, 2024. Alumis develops oral therapies for immune-mediated diseases, with its lead candidate ESK-001 targeting psoriasis and lupus.
