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Altimmune Mourns Passing of Chief Financial Officer, Richard Eisenstadt GAITHERSBURG, MD

Key Takeaway: Altimmune, a clinical-stage biopharmaceutical company, announced the unexpected passing of its Chief Financial Officer, Richard Eisenstadt, on June 24, 2024. The company's president expressed shock and condolences to Eisenstadt's family, highlighting his leadership and contributions. Until a replacement is appointed, the finance and accounting team will manage Eisenstadt's responsibilities. Altimmune is actively searching for his successor during this difficult time.

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CONCERNS & RISKS

  • The unexpected passing of CFO Richard Eisenstadt is a significant loss for the company.
  • His death could lead to potential instability in the finance department until a replacement is found.
  • The incident may impact employee morale given his close relationships within the company.

Full Press Release Details

Altimmune Mourns Passing of Chief Financial Officer, Richard Eisenstadt
GAITHERSBURG, MD - June 26, 2024 - Altimmune, Inc. (Nasdaq: ALT), a clinical-stage biopharmaceutical company, today announced that Richard Eisenstadt, the Company's Chief Financial Officer, passed away unexpectedly on Monday, June 24, 2024.
"We are all shocked and saddened by Rich's passing. On behalf of everyone at Altimmune, I extend our heartfelt condolences to his family during this difficult time," said Vipin K. Garg, Ph.D., President and Chief Executive Officer of Altimmune. "Rich was not only a brilliant and dedicated leader, but a close friend who brought a sense of wit and joy to our workplace that will be dearly missed by all who had the privilege of working with him. His unique blend of hard work and humor, along with his immeasurable contributions to our Company will continue to inspire us."
Mr. Eisenstadt's duties have been assumed and are being performed by Altimmune's finance and accounting team until his replacement is named. The company has initiated a search for his replacement.
Altimmune is a clinical-stage biopharmaceutical company focused on developing innovative next-generation peptide-based therapeutics. The Company is developing pemvidutide, a GLP-1/glucagon dual receptor agonist for the treatment of obesity and MASH. For more information, please visit www.altimmune.com.
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Vipin Garg
President and Chief Executive Officer
Phone: 240-654-1450
ir@altimmune.com
Lee Roth Burns McClellan
Phone: 646-382-3403
lroth@burnsmc.com
Julia Weilman Burns McClellan
Phone: 646-732-4443
jweilman@burnsmc.com
Danielle Cantey
Inizio Evoke, Biotech
Phone: 619-826-4657
Danielle.cantey@inizioevoke.com

Frequently Asked Questions

Who was Richard Eisenstadt?

Richard Eisenstadt was the Chief Financial Officer of Altimmune who recently passed away.

When did Richard Eisenstadt pass away?

Richard Eisenstadt passed away unexpectedly on June 24, 2024.

What did Altimmune's CEO say about Eisenstadt?

CEO Vipin K. Garg expressed deep sorrow, highlighting Eisenstadt's leadership and humor.

How is Altimmune handling Eisenstadt's duties?

His duties are currently managed by the finance and accounting team until a replacement is found.

What is Altimmune focused on developing?

Altimmune develops next-generation peptide-based therapeutics, including pemvidutide for obesity.

Last updated: Jun 26, 2024