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, Inc. (ALLO) is a clinical-stage biotechnology leader developing off-the-shelf CAR T cell therapies for cancer and autoimmune diseases. This news hub provides investors and industry professionals with timely updates on clinical advancements, regulatory milestones, and strategic partnerships shaping the future of allogeneic cell treatments.
Access authoritative updates on ALLO's innovative pipeline, including progress with Dagger® technology and CRISPR-engineered therapies. Our curated news collection offers:
- Press releases detailing trial results and FDA interactions
- Financial reports and earnings call summaries
- Analysis of collaborations with academic and industry partners
- Updates on manufacturing scalability and therapeutic applications
Bookmark this page for centralized access to verified information on Allogene's progress in creating accessible, next-generation cell therapies. Check regularly for developments in hematologic malignancies, solid tumor treatments, and autoimmune disease research.
Allogene Therapeutics (Nasdaq: ALLO), a clinical-stage biotech company specializing in allogeneic CAR T (AlloCAR T™) products for cancer and autoimmune diseases, will participate in the TD Cowen 5th Annual Oncology Innovation Summit.
The event is scheduled for May 28, 2024, at 9:30 am PT/12:30 pm ET. A webcast will be available on the company's website under the Investors section. Replays of the webcast will be accessible for approximately 30 days.
Allogene Therapeutics (Nasdaq: ALLO), a clinical-stage biotech firm, announced a $110 million common stock offering, pricing 37,931,035 shares at $2.90 each. The offering, backed by mutual funds, institutional investors, and the company's board and executives, is expected to close by May 16, 2024. Managed by Goldman Sachs, the offering is under a shelf registration statement filed in March and declared effective by the SEC in April 2024. The proceeds will be used for continued development of their AlloCAR T™ products for cancer and autoimmune diseases.
Allogene Therapeutics reported first-quarter 2024 financial results and significant business updates. Key highlights include the expansion of CD19 oncology rights to all EU member states and the UK, increasing the potential market for Cema-Cel from $6 billion in the US to $9.5 billion combined. The pivotal Phase 2 ALPHA3 trial for LBCL is set to begin mid-2024, with initial data from the Phase 1 CLL trial expected by year-end 2024. The company also announced plans for ALLO-329, targeting autoimmune diseases, with IND submission by Q1 2025 and proof-of-concept data by YE 2025. Additionally, a $15 million grant from CIRM will support the Phase 1 TRAVERSE trial in RCC, with data updates expected by YE 2024. Financially, Allogene reported a net loss of $65 million for the quarter, with $397.3 million in cash and a projected cash runway into 2026.
Allogene Therapeutics, Inc. (Nasdaq: ALLO) will report first quarter 2024 financial results and provide a business update on May 13, 2024. The company specializes in allogeneic CAR T products for cancer and autoimmune disease. A live audio webcast and conference call will follow the announcement.
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