Welcome to our dedicated page for Allogene Therapeutics news (Ticker: ALLO), a resource for investors and traders seeking the latest updates and insights on Allogene Therapeutics stock.
Allogene Therapeutics develops allogeneic chimeric antigen receptor T cell, or AlloCAR T, product candidates for cancer and autoimmune disease. The clinical-stage biotechnology company focuses on off-the-shelf CAR T approaches, including cemacabtagene ansegedleucel, or cema-cel, in large B-cell lymphoma and ALLO-329, a dual CD19/CD70 CAR T candidate for autoimmune diseases.
Recurring news covers clinical and regulatory updates for Allogene's studies, scientific presentations and publications, platform technologies such as Dagger®, and data related to MRD-guided treatment approaches. Company updates also include quarterly financial results, business updates, shareholder matters, and common stock financing activity tied to research, development, clinical trials, and corporate operations.
Allogene Therapeutics (Nasdaq: ALLO) announced a public offering of 11,702,128 shares at $47.00 each, expected to raise approximately $550 million before expenses. The offering is set to close around June 4, 2020, pending standard conditions. The underwriters have a 30-day option for an additional 1,755,319 shares. The offering is conducted under a shelf registration filed with the SEC. Allogene focuses on developing allogeneic CAR T cell therapies for cancer.
Allogene Therapeutics (Nasdaq: ALLO) has announced a public offering of $450 million in common stock, with a potential additional $67.5 million in shares through underwriters' options. The offering is contingent upon market conditions and there is no guarantee of completion or specific terms. Goldman Sachs, Jefferies, and Cowen are managing the offering. This is part of a shelf registration that became effective on November 5, 2019. The funds raised are intended to support the development of AlloCAR T™ therapies, a novel approach to cancer treatment.
Allogene Therapeutics, Inc. (Nasdaq: ALLO) will present initial results from the ALLO-501 ALPHA Phase 1 trial in relapsed/refractory non-Hodgkin lymphoma on May 29, 2020, at 5:30 AM PT/8:30 AM ET via a live webinar. The webinar will feature key executives including CEO David Chang and Chief Medical Officer Rafael Amado, alongside Sattva Neelapu from MD Anderson Cancer Center. Attendees can register on the Allogene website. Allogene focuses on developing allogeneic CAR T therapies aimed at providing off-the-shelf cancer treatment solutions.
Allogene Therapeutics (NASDAQ: ALLO) provided a corporate update and reported its Q1 2020 financial results. The company ended the quarter with $553 million in cash and investments. The Phase 1 ALPHA trial for ALLO-501 in non-Hodgkin lymphoma is set for oral presentation at the ASCO meeting on May 29, 2020, while ALLO-715 for multiple myeloma is on track for initial data release in Q4 2020. The company's financial guidance for 2020 anticipates net losses between $260 million and $280 million.
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