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Eiger BioPharmaceuticals

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Namestring
Eiger BioPharmaceuticals
Websiteurl
eigerbio.com
Company typeenum
Private
Founded yearint
2008
Short descriptiontext

Eiger BioPharmaceuticals was a Palo Alto-based biopharmaceutical company developing rare-disease therapeutics, notably Zokinvy (FDA-approved for HGPS) and avexitide (Phase 3-ready for post-bariatric hypoglycemia), both of which were divested to larger pharmaceutical firms in 2024.

Operating statusenum
Unknown
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersPalo Alto, United States
HQ citystring
Palo Alto
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
rare disease therapeutics, antiviral drug development, biopharmaceutical products, orphan disease treatments, specialty pharmaceuticals
Industry2 codes
1Infectious Disease & Antimicrobials Pharmaceuticals
CodeHLAIAAAGPrimaryYes
2Infectious Disease Specialty Pharmaceuticals (Non-vaccine)
CodeHLAIACAMPrimaryNo
NAICS code2 codes
  • Biological Product (except Diagnostic) Manufacturing325414
  • Pharmaceutical and Medicine Manufacturing32541
SIC code1 code
  • Biological Products, (No Disgnostic Substances)2836
Product category
Specialty Biopharmaceuticals
Revenue model2 records
1Asset Licensing/Sale
TypeLicensing Royalties
Description

Eiger BioPharmaceuticals generates revenue through licensing and selling drug assets to other pharmaceutical companies. In 2024, the company sold avexitide (GLP-1 receptor antagonist) to Amylyx Pharmaceuticals and Zokinvy (lonafarnib) to Sentynl Therapeutics.

biospace.com
2Debt Financing
TypeOne Time License
Description

Eiger raised capital through term loan agreements and stock purchase agreements with financial partners to support pipeline development.

prnewswire.com
Cost components5 values
Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Operations
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Eiger BioPharmaceuticals is a clinical-stage biopharmaceutical company that develops and commercializes therapies for rare diseases and antiviral indications. The company's core commercial and pipeline assets include Zokinvy (lonafarnib) for Hutchinson-Gilford Progeria Syndrome and Avexitide for post-bariatric hypoglycemia. The company sells pharmaceutical products through specialty distribution channels to treat patients with ultra-rare and rare conditions.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • PBH affects approximately 160,000 people in the U.S. with no current treatments available
+1 more record
Product overview1 text field

Eiger BioPharmaceuticals is a biopharmaceutical company that has developed treatments for rare diseases. The company has sold key products including Zokinvy (lonafarnib) for Hutchinson-Gilford Progeria Syndrome and avexitide for post-bariatric hypoglycemia. Based on available source data, the company's current product portfolio following these divestitures is not specified in the provided sources.

Product and service2 records
1Zokinvy (lonafarnib)
CategorySpecialty Biopharmaceuticals
Description

An oral farnesyltransferase inhibitor approved by the FDA for the treatment of Hutchinson-Gilford Progeria Syndrome (HGPS) and processing-deficient progeroid laminopathies in patients 12 months of age and older. Sold to specialty pharmacies and prescribers treating ultra-rare pediatric aging disorders.

2Avexitide
CategorySpecialty Biopharmaceuticals
Description

An investigational glucagon-like peptide-1 (GLP-1) receptor antagonist being developed for the treatment of post-bariatric hypoglycemia (PBH), a rare metabolic complication following bariatric surgery. Targeted at specialty endocrinology and bariatric medicine practices.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2024-07-01
Description

Amylyx Pharmaceuticals acquired avexitide (GLP-1 receptor antagonist) from Eiger BioPharmaceuticals in July 2024 for post-bariatric hypoglycemia (PBH). Amylyx is advancing the asset through pivotal Phase 3 LUCIDITY trial with topline results expected in Q3 2025/Q3 2026 and potential NDA submission and 2026/2027 launch.

Strategic tierCoreTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2024-05-01
Description

Sentynl Therapeutics acquired Zokinvy (lonafarnib) from Eiger BioPharmaceuticals in May 2024, a strategic move to address unmet medical needs of patients with ultra-rare genetic conditions like Hutchinson-Gilford Progeria Syndrome (HGPS).

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Clinical-stage biopharmaceutical company focused exclusively on rare and ultra-rare genetic diseases, with multiple FDA-approved therapies. Directly comparable to Eiger in rare-disease pipeline focus, regulatory strategy, and small/mid-cap biotech profile.

TypeDirect peer
Description

Established rare-disease biopharmaceutical company developing therapies for ultra-rare conditions, several of which were first-in-class. Comparable to Eiger in targeting small patient populations with high unmet need and using regulatory pathways like orphan drug designation.

TypeDirect peer
Description

Specialty biopharmaceutical company focused on rare diseases including complement-mediated conditions. Highly comparable to Eiger's positioning in ultra-rare diseases with first-in-class approvals and a similar developer-to-commercializer evolution.

TypeDirect peer
Description

Clinical-stage biopharmaceutical company developing RNAi-based therapies, with hepatitis B as a lead program. Closely comparable to Eiger's hepatitis D antiviral focus, leveraging novel modalities against infectious liver disease.

TypeDirect peer
Description

Clinical-stage biopharmaceutical company developing antivirals for hepatitis B and hepatitis D. Direct therapeutic-area overlap with Eiger's hepatitis D franchise and similar small-cap infectious-disease developer profile.

TypeDirect peer
Description

Clinical-stage immunology company developing therapeutics for serious infectious diseases including hepatitis B. Comparable to Eiger as an infectious-disease-focused small/mid-cap biotech pursuing antiviral therapies.

TypeEmerging player
Description

Biopharmaceutical company developing therapies for liver diseases including NASH. Adjacent peer to Eiger given shared focus on liver-related indications and small-cap specialty pharma profile.

TypeDirect peer
Description

Clinical-stage biopharmaceutical company developing therapies for rare diseases, with a focus on ultra-rare genetic conditions. Comparable to Eiger in size, rare-disease strategy, and small-cap clinical-stage profile.

TypeEmerging player
Description

Specialty biopharmaceutical company historically focused on chronic liver diseases including NASH and primary biliary cholangitis. Adjacent peer to Eiger given shared liver-disease focus and small-cap biopharma profile.

TypeBroad incumbent
Description

Established specialty pharmaceutical group with a dedicated rare-disease business unit marketing therapies across multiple ultra-rare indications. Comparable to Eiger's commercial strategy for Zokinvy in HGPS-type ultra-rare conditions.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks1 record

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds9 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors6 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Eiger BioPharmaceuticals

Specialty Biopharmaceuticalseigerbio.com

Eiger BioPharmaceuticals was a Palo Alto-based biopharmaceutical company developing rare-disease therapeutics, notably Zokinvy (FDA-approved for HGPS) and avexitide (Phase 3-ready for post-bariatric hypoglycemia), both of which were divested to larger pharmaceutical firms in 2024.

Eiger BioPharmaceuticals firmographics

Firmographics
Name
Eiger BioPharmaceuticals
Website
https://eigerbio.com
Company type
Private
Founded year
2008
Operating status
Unknown
Headcount range
11–50 employees
Short description
Eiger BioPharmaceuticals was a Palo Alto-based biopharmaceutical company developing rare-disease therapeutics, notably Zokinvy (FDA-approved for HGPS) and avexitide (Phase 3-ready for post-bariatric hypoglycemia), both of which were divested to larger pharmaceutical firms in 2024.
Ownership category
akta.pro rank

Eiger BioPharmaceuticals industry classification

Industry
Product category
Specialty Biopharmaceuticals
NAICS
Biological Product (except Diagnostic) Manufacturing (325414), Pharmaceutical and Medicine Manufacturing (32541)
SIC
Biological Products, (No Disgnostic Substances) (2836)
akta.pro primary industry
Infectious Disease & Antimicrobials Pharmaceuticals (HLAIAAAG)
akta.pro secondary industry
Infectious Disease Specialty Pharmaceuticals (Non-vaccine) (HLAIACAM)

Keywords

  • Rare disease therapeutics
  • Antiviral drug development
  • Biopharmaceutical products
  • Orphan disease treatments
  • Specialty pharmaceuticals

Where Eiger BioPharmaceuticals is headquartered

Location

Headquarters

HQ city
Palo Alto
HQ country
United States
HQ region
North America

Markets served

Eiger BioPharmaceuticals business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Operations

Revenue model

  1. Asset Licensing/Sale: Eiger BioPharmaceuticals generates revenue through licensing and selling drug assets to other pharmaceutical companies. In 2024, the company sold avexitide (GLP-1 receptor antagonist) to Amylyx Pharmaceuticals and Zokinvy (lonafarnib) to Sentynl Therapeutics.
  2. Debt Financing: Eiger raised capital through term loan agreements and stock purchase agreements with financial partners to support pipeline development.

Eiger BioPharmaceuticals product offering

Product offering

Core offering

Eiger BioPharmaceuticals is a clinical-stage biopharmaceutical company that develops and commercializes therapies for rare diseases and antiviral indications. The company's core commercial and pipeline assets include Zokinvy (lonafarnib) for Hutchinson-Gilford Progeria Syndrome and Avexitide for post-bariatric hypoglycemia. The company sells pharmaceutical products through specialty distribution channels to treat patients with ultra-rare and rare conditions.

Product overview

Eiger BioPharmaceuticals is a biopharmaceutical company that has developed treatments for rare diseases. The company has sold key products including Zokinvy (lonafarnib) for Hutchinson-Gilford Progeria Syndrome and avexitide for post-bariatric hypoglycemia. Based on available source data, the company's current product portfolio following these divestitures is not specified in the provided sources.

Differentiator

Problem solved

Functional benefit

Products and services

  • Zokinvy (lonafarnib) An oral farnesyltransferase inhibitor approved by the FDA for the treatment of Hutchinson-Gilford Progeria Syndrome (HGPS) and processing-deficient progeroid laminopathies in patients 12 months of age and older. Sold to specialty pharmacies and prescribers treating ultra-rare pediatric aging disorders.
  • Avexitide An investigational glucagon-like peptide-1 (GLP-1) receptor antagonist being developed for the treatment of post-bariatric hypoglycemia (PBH), a rare metabolic complication following bariatric surgery. Targeted at specialty endocrinology and bariatric medicine practices.

Quantifiable outcome

  • PBH affects approximately 160,000 people in the U.S. with no current treatments available
  • +1 more outcomes

Companies that use Eiger BioPharmaceuticals

Customer profile

Segments2 records

Ideal customer profiles2 records

Eiger BioPharmaceuticals technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Eiger BioPharmaceuticals partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • Amylyx PharmaceuticalscoreOEM/ Whitelabel/ Licensing Partner · 1 July 2024Amylyx Pharmaceuticals acquired avexitide (GLP-1 receptor antagonist) from Eiger BioPharmaceuticals in July 2024 for post-bariatric hypoglycemia (PBH). Amylyx is advancing the asset through pivotal Phase 3 LUCIDITY trial with topline results expected in Q3 2025/Q3 2026 and potential NDA submission and 2026/2027 launch.
  • Sentynl TherapeuticscoreOEM/ Whitelabel/ Licensing Partner · 1 May 2024Sentynl Therapeutics acquired Zokinvy (lonafarnib) from Eiger BioPharmaceuticals in May 2024, a strategic move to address unmet medical needs of patients with ultra-rare genetic conditions like Hutchinson-Gilford Progeria Syndrome (HGPS).

Scale indicators4 records

Recent moves4 records

Expansion highlights2 records

Eiger BioPharmaceuticals competitors and assessment

Company assessment

Direct peers

  • Ultragenyx Pharmaceutical: Clinical-stage biopharmaceutical company focused exclusively on rare and ultra-rare genetic diseases, with multiple FDA-approved therapies. Directly comparable to Eiger in rare-disease pipeline focus, regulatory strategy, and small/mid-cap biotech profile.
  • BioMarin Pharmaceutical: Established rare-disease biopharmaceutical company developing therapies for ultra-rare conditions, several of which were first-in-class. Comparable to Eiger in targeting small patient populations with high unmet need and using regulatory pathways like orphan drug designation.
  • Alexion Pharmaceuticals (AstraZeneca Rare Disease): Specialty biopharmaceutical company focused on rare diseases including complement-mediated conditions. Highly comparable to Eiger's positioning in ultra-rare diseases with first-in-class approvals and a similar developer-to-commercializer evolution.
  • Arrowhead Pharmaceuticals: Clinical-stage biopharmaceutical company developing RNAi-based therapies, with hepatitis B as a lead program. Closely comparable to Eiger's hepatitis D antiviral focus, leveraging novel modalities against infectious liver disease.
  • Assembly Biosciences: Clinical-stage biopharmaceutical company developing antivirals for hepatitis B and hepatitis D. Direct therapeutic-area overlap with Eiger's hepatitis D franchise and similar small-cap infectious-disease developer profile.
  • Vir Biotechnology: Clinical-stage immunology company developing therapeutics for serious infectious diseases including hepatitis B. Comparable to Eiger as an infectious-disease-focused small/mid-cap biotech pursuing antiviral therapies.
  • Soleno Therapeutics: Clinical-stage biopharmaceutical company developing therapies for rare diseases, with a focus on ultra-rare genetic conditions. Comparable to Eiger in size, rare-disease strategy, and small-cap clinical-stage profile.

Emerging players

  • Madrigal Pharmaceuticals: Biopharmaceutical company developing therapies for liver diseases including NASH. Adjacent peer to Eiger given shared focus on liver-related indications and small-cap specialty pharma profile.
  • Intercept Pharmaceuticals: Specialty biopharmaceutical company historically focused on chronic liver diseases including NASH and primary biliary cholangitis. Adjacent peer to Eiger given shared liver-disease focus and small-cap biopharma profile.

Broad incumbents

  • Recordati Rare Diseases: Established specialty pharmaceutical group with a dedicated rare-disease business unit marketing therapies across multiple ultra-rare indications. Comparable to Eiger's commercial strategy for Zokinvy in HGPS-type ultra-rare conditions.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks1 record

Key highlights5 records

Customer concentration

Eiger BioPharmaceuticals social profiles

Digital presence

Eiger BioPharmaceuticals financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Eiger BioPharmaceuticals leadership team

Management profile

Number of profiles

Profiles3 records

Eiger BioPharmaceuticals funding detail

Funding detail

Funding overview

Funding rounds9 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Eiger BioPharmaceuticals M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eiger BioPharmaceuticals

What does Eiger BioPharmaceuticals do?

Eiger BioPharmaceuticals is a clinical-stage biopharmaceutical company that develops and commercializes therapies for rare diseases and antiviral indications. The company's core commercial and pipeline assets include Zokinvy (lonafarnib) for Hutchinson-Gilford Progeria Syndrome and Avexitide for post-bariatric hypoglycemia. The company sells pharmaceutical products through specialty distribution channels to treat patients with ultra-rare and rare conditions.

When was Eiger BioPharmaceuticals founded?

Eiger BioPharmaceuticals was founded in 2008. It employs 11 to 50 people.

Where is Eiger BioPharmaceuticals based?

Eiger BioPharmaceuticals is headquartered in Palo Alto, United States, in the North America region.

How does Eiger BioPharmaceuticals make money?

Two revenue lines are on record. Asset Licensing/Sale is the primary driver. The others are debt Financing.

Who are Eiger BioPharmaceuticals's main competitors?

Direct peers on record are Ultragenyx Pharmaceutical, BioMarin Pharmaceutical, Alexion Pharmaceuticals (AstraZeneca Rare Disease), Arrowhead Pharmaceuticals, Assembly Biosciences, Vir Biotechnology and Soleno Therapeutics. Emerging players are Madrigal Pharmaceuticals and Intercept Pharmaceuticals. Recordati Rare Diseases is listed as a broad incumbent.

Does Eiger BioPharmaceuticals have an API?

No public API is recorded for Eiger BioPharmaceuticals.

What industry is Eiger BioPharmaceuticals in?

Eiger BioPharmaceuticals's product category is Specialty Biopharmaceuticals. Its primary akta.pro industry code is HLAIAAAG, Infectious Disease & Antimicrobials Pharmaceuticals, with a secondary code of HLAIACAM, Infectious Disease Specialty Pharmaceuticals (Non-vaccine). Its NAICS code is 325414 and its SIC code is 2836.

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Live signals
Clinical Trials ArenaAmylyx’s $35m-acquired PBH drug meets endpoints in Phase III trialAmylyx Pharmaceuticals' Phase III trial of avexitide met its primary endpoint, showing a 55% reduction in Level 2 and 3 hypoglycaemic events after 16 weeks. The trial also met all secondary endpoints, and Amylyx plans to submit a New Drug Application to the FDA by the end of 2026.BioPharma DiveAmylyx’s bet on a GLP-1 blocker pays offAmylyx Pharmaceuticals reported positive late-stage clinical trial results for avexitide, a drug that reduced serious hypoglycemic events by 55% in patients with post-bariatric hypoglycemia. The company plans to submit a marketing application to the FDA before the end of the year and has already acquired the drug from Eiger BioPharmaceuticals. Analysts project peak annual sales between $1.3 billion and $1.5 billion, leading to a 14% rise in Amylyx's stock price.FierceBiotechAmylyx readies approval push after GLP-1 inhibitor halves blood sugar crashes in ph. 3 winAmylyx Pharmaceuticals announced that its GLP-1 inhibitor avexitide reduced dangerous blood sugar crashes by 55% in a Phase 3 trial for post-bariatric hypoglycemia, meeting all primary and secondary endpoints. The company plans to submit an FDA approval application by the end of the year, citing breakthrough therapy designation and potential priority review. This success follows Amylyx's recent acquisition of the drug from Eiger Biopharma and its previous withdrawal of an ALS treatment.BioSpaceConsummate chameleon Amylyx nears regulatory run in obesity surgery complicationAfter withdrawing its ALS drug Relyvrio from U.S. and Canadian markets in April 2024 following a Phase 3 failure and laying off 70% of its workforce, Cambridge, Massachusetts-based biotech Amylyx has pivoted to rare diseases, acquiring the Phase 3-ready GLP-1 receptor antagonist avexitide from Eiger BioPharmaceuticals in July 2024 for post-bariatric hypoglycemia (PBH). The company is expecting pivotal Phase 3 topline results for avexitide in the third quarter of 2025, with plans to submit an NDA immediately if positive and launch in 2026; PBH affects approximately 160,000 people in the U.S. with no current treatments available. Amylyx also reported positive 48-week Phase 2 data for AMX0035 in Wolfram syndrome and has an ALS antisense oligonucleotide candidate AMX0114 in Phase 1, maintaining neurodegenerative disease research as a core focus alongside its new rare disease pipeline.openPR.comIn-Depth Examination of Segments, Industry Trends, and Key Competitors in the Hutchinson-Gilford Progeria Syndrome (HGPS) MarketThe HGPS (Hutchinson-Gilford Progeria Syndrome) market is projected to reach $160 billion by 2030, growing at a compound annual growth rate of 8.5%, driven by breakthroughs in gene therapy, Crispr-Cas9 technologies, increased funding for ultra-rare disease research, and stronger regulatory support for orphan drug development. In May 2024, Sentynl Therapeutics acquired Zokinvy (lonafarnib) from Eiger BioPharmaceuticals, a strategic move to address unmet medical needs of patients with ultra-rare genetic conditions like HGPS. The report identifies key market segments including farnesyltransferase inhibitors, antisense oligonucleotides, gene editing therapies, and various treatment and care settings.Stanford University School of EngineeringStartups – SPARK StanfordStanford's SPARK program has supported the formation of sixty startups, translating research into clinical applications. Examples include Eiger BioPharmaceuticals, Balance Therapeutics, PellePharm, ALX Oncology, Eidos Therapeutics, Auration Biotech, Tranquis Therapeutics, CuraSen, Epiodyne, Surf Bio, AcureX, Evvia, MEDIC Life Sciences, Aza Technology and Halo Biosciences. Attruby, developed by Dr. Isabella Graef and Dr. Mamoun Alhamadsheh, received FDA approval in November 2024.Business StandardSentynl, a Zydus company, acquires Zokinvy (Lonafarnib)Sentynl Therapeutics, a subsidiary of Zydus Lifesciences, has completed the acquisition of Eiger BioPharmaceuticals' Zokinvy (lonafarnib) program. Zokinvy is the first and only FDA-approved treatment for Progeria and related premature aging diseases, with prior regulatory approvals in the European Union, Great Britain, and Japan.Sentynl TherapeuticsSentynl Therapeutics Announces Global Acquisition of Zokinvy® (Lonafarnib) for Treatment of Hutchinson-Gilford Progeria Syndrome from Eiger BioPharmaceuticalsSentynl Therapeutics, a Zydus Group company, has announced the acquisition of Zokinvy (lonafarnib) from Eiger BioPharmaceuticals for the treatment of Hutchinson-Gilford progeria syndrome, successfully closing the deal on May 3, 2024. The acquisition includes worldwide proprietary rights to Zokinvy, which is the first FDA-approved treatment for this rare genetic condition, and follows a bankruptcy auction held by Eiger in April 2024. This transfer of rights is aimed at enhancing treatment options for patients suffering from this ultra-rare disease.BenzingaMetabolic Diseases-Focused Eiger BioPharmaceuticals Files For Bankruptcy, Stock NosedivesEiger BioPharmaceuticals Inc. and its direct subsidiaries have filed voluntary petitions for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas, with the company intending to sell substantially all of its assets and facilitate an orderly wind-down. The company has entered into a "stalking horse" agreement to sell its key drug Zokinvy (lonafarnib) to Sentynl Therapeutics Inc. for up to $26.0 million, subject to court approval and certain purchase price adjustments. Eiger BioPharmaceuticals' shares dropped 73.2% following the bankruptcy announcement.BenzingaWhy Is Hepatitis Player Eiger BioPharma Stock Trading Lower Today?Eiger BioPharmaceuticals Inc has discontinued the Phase 3 LIMT-2 study of peginterferon lambda for chronic hepatitis delta following a Data Safety Monitoring Board recommendation due to hepatobiliary events causing liver decompensation in four patients. The company will reallocate resources to avexitide, its drug candidate for hyperinsulinemic hypoglycemia indications, and has implemented a 25% workforce reduction to extend cash runway into Q4 2024. Shares of EIGR fell 36.20% to $0.44 following the announcement.