Alto Neuroscience

Emerging

Nasdaq-listed (ANRO). Raised $120M PIPE (2026) to fund ALTO-207 Phase 2b. FDA Fast Track for ALTO-101. Biomarker-stratified psychiatry matching patients to drugs using brain biology. 4 data readouts through 2027.

Precision Psychiatry (Treatment-Resistant Depression)
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Updated April 2026

Company Overview

About Alto Neuroscience

Alto Neuroscience is a publicly-listed (Nasdaq: ANRO) clinical-stage biotech applying biomarker-stratified patient selection to psychiatry — matching patients to drugs based on brain biology rather than symptom checklists that have historically produced inconsistent treatment outcomes. The company raised a $120 million PIPE in 2026 to fund Phase 2b development of ALTO-207, a fixed-dose combination of pramipexole and ondansetron for treatment-resistant depression (TRD). The FDA has granted Fast Track designation for ALTO-101, and Alto has four clinical data readouts expected through 2027.

Business Model & Competitive Advantage

Treatment-resistant depression affects approximately 3 million Americans who fail two or more adequate antidepressant trials. Existing treatments for TRD (ketamine/esketamine, ECT, TMS) are effective but require clinic visits and carry significant side effect profiles. Alto's oral fixed-dose combination targeting TRD represents a potentially more accessible outpatient treatment option.

Competitive Landscape 2025–2026

The biomarker stratification approach is Alto's scientific differentiator: conventional antidepressant trials enroll unselected patients and achieve 30-40% response rates. Alto's platform uses neuroimaging, EEG, and genetic biomarkers to identify the 30-40% of patients most likely to respond to each specific drug mechanism — enabling clinical trials with higher response rates in the selected subpopulation and regulatory filings for a defined biomarker-positive indication.

Revenue
$120M
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Key Differentiators

Emerging Innovator

Alto Neuroscience is an emerging player bringing innovative solutions to the BioTech market.

Growth Stage

Alto Neuroscience has achieved $120M in revenue, demonstrating strong product-market fit.

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