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Allarity Therapeutics, Inc. - ALLR STOCK NEWS

Welcome to our dedicated page for Allarity Therapeutics news (Ticker: ALLR), a resource for investors and traders seeking the latest updates and insights on Allarity Therapeutics stock.

Allarity Therapeutics, Inc. (NASDAQ: ALLR) is a clinical-stage biopharmaceutical company dedicated to developing personalized cancer treatments. Founded in 2012, this innovative company is committed to unlocking the potential of new oncology products and rescuing failed drugs. Through its proprietary Drug Response Predictor (DRP®) technology, Allarity enhances patient selection and improves clinical outcomes in oncology.

Allarity boasts an impressive pipeline of in-licensed oncology therapeutics targeting difficult-to-treat cancers. Its lead product, stenoparib, a novel PARP/Tankyrase dual inhibitor, is currently being tested in advanced ovarian cancer patients. The DRP® companion diagnostic plays a crucial role in identifying patients who will benefit most from stenoparib, thereby increasing therapeutic efficacy and improving patient outcomes.

Recent achievements include significant advancements in their clinical trials, strategic financial restructurings, and compliance with Nasdaq listing requirements. The company's strategic pivot focuses on accelerating stenoparib's development, driven by promising Phase 2 trial data showing tumor shrinkage and long-term disease stability in heavily pre-treated ovarian cancer patients.

Allarity operates with research facilities in Denmark and a headquarters in the United States, underscoring its commitment to addressing significant unmet medical needs in cancer treatment. The company maintains an active presence in the clinical-stage pharmaceutical landscape, continually striving to develop novel personalized cancer treatments.

Visit www.allarity.com for more information and follow Allarity on LinkedIn and Twitter.

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Allarity Therapeutics (NASDAQ: ALLR), a Phase 2 clinical-stage pharmaceutical company, has announced it has secured a hearing with a Nasdaq Hearings Panel to present its compliance plan. This follows Nasdaq's notification of Allarity's non-compliance with the Bid-Price Rule, which mandates a minimum bid price of $1.00 per share for 30 consecutive business days. Notified on June 21, 2024, Allarity formally requested the hearing on June 25, 2024. The hearing is set to occur in about five weeks. The company is preparing diligently and will update on the process as substantive information becomes available.

Allarity aims to regain compliance and continue its mission to develop personalized cancer treatments.

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Allarity Therapeutics announced that multiple patients in its Phase 2 trial of stenoparib for advanced ovarian cancer have exceeded 30 weeks of treatment. Stenoparib demonstrated significant tumor shrinkage and long-term disease stability, prompting the company to halt patient enrollment to focus on a follow-on trial aimed at regulatory approval. Dr. Kathleen N. Moore, the trial's Principal Investigator, highlighted the drug’s promising results and favorable tolerability compared to first-generation PARP inhibitors. CEO Thomas Jensen emphasized the drug's safety profile and its potential as a next-generation treatment. The trial, conducted in the US and UK, involved pre-screened patients using Allarity’s DRP® companion diagnostic system and a revised dosing regimen to optimize drug exposure. The PARP inhibitor market is evolving rapidly, with stenoparib positioned as a differentiated therapeutic product.

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Allarity Therapeutics (NASDAQ: ALLR) announced it has regained compliance with Nasdaq's minimum stockholders' equity requirement of $2.5 million. This follows successful efforts to cut operational costs, raise new equity, and reduce liabilities. The company received formal notification from Nasdaq confirming compliance, which allows it to focus on advancing its lead asset, stenoparib, toward regulatory approval for treating advanced ovarian cancer. Allarity will be under mandatory panel monitoring for one year. A detailed clinical update on the Phase 2 trial of stenoparib is expected soon.

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Allarity Therapeutics (NASDAQ: ALLR) reported its first-quarter 2024 financial results and operational highlights, emphasizing significant achievements in clinical, financial, and regulatory domains. The company's Phase 2 trial of stenoparib for ovarian cancer concluded early due to clear clinical benefits. Allarity anticipates regaining full compliance with Nasdaq's listing requirements, with equity at $15 million and a cash balance of $14 million. The company reduced its warrant overhang and simplified its capital structure, which now consists of 17,606,739 shares. Their strategic focus is now solely on stenoparib development. Notably, R&D expenses increased to $2.2 million, while G&A expenses slightly decreased to $2.1 million, resulting in a net loss of $3.8 million for the quarter.

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Allarity Therapeutics, Inc. announced the conversion of all Series A Preferred Stock and Variable Priced Warrants into common stock, simplifying the company's capital structure and eliminating market overhang. The conversions were investor-initiated, leaving only a number of warrants at a fixed exercise price of $20 per share. Additionally, the company has fully paid off all bridge notes, totaling $1,746,630. This restructuring aims to enhance the stock's attractiveness and focus on lead asset, stenoparib.

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Allarity Therapeutics, a clinical-stage pharmaceutical company, exceeds Nasdaq's minimum equity requirement of $2.5 million, seeking formal confirmation of compliance. The company plans to withdraw Form S-1 submitted to the SEC, reflecting improved equity status and focusing on advancing stenoparib for ovarian cancer treatment.

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Allarity Therapeutics, Inc. announced the early discontinuation of its Phase 2 trial of stenoparib, a PARP inhibitor, for advanced ovarian cancer. The trial showed clear clinical benefit, prompting the company to halt enrollment and focus on a follow-on trial for FDA submission. The patients were pre-screened using Allarity's companion diagnostic for personalized treatment. CEO Thomas Jensen emphasized the substantial positive outcomes and the potential of stenoparib in heavily pre-treated patients.

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Allarity Therapeutics, Inc. (NASDAQ: ALLR), a clinical-stage pharmaceutical company, regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price above $1.00 per share for over ten consecutive trading days. CEO Thomas Jensen expressed optimism about the clinical potential of their lead asset in advanced ovarian cancer and their commitment to developing new treatment options.

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Allarity Therapeutics, a clinical-stage pharmaceutical company, has received an extension until May 14, 2024, to regain compliance with Nasdaq Listing Rule 5550(b)(1). The company presented a strategic plan to the Nasdaq Hearings Panel, focusing on cost reduction, capital raising, and operational efficiency. Allarity implemented a 1-for-20 reverse stock split and reduced monthly operational expenditures to $400,000. Negotiations with stakeholders aim to adjust terms for future capital raising. The company is actively raising new equity to meet the $2,500,000 equity requirement by the target date.
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Allarity Therapeutics, Inc. announces a 1-for-20 reverse stock split to comply with Nasdaq's bid price requirement and operational benefits.
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FAQ

What does Allarity Therapeutics specialize in?

Allarity Therapeutics specializes in developing personalized cancer treatments using their Drug Response Predictor (DRP®) technology to enhance patient selection and improve clinical outcomes.

What is DRP® technology?

The Drug Response Predictor (DRP®) is a companion diagnostic tool that screens patients based on their cancer's gene expression signature to identify those most likely to benefit from specific oncology drugs.

What are the main products in Allarity Therapeutics’ pipeline?

Allarity Therapeutics' pipeline includes stenoparib, a novel PARP/Tankyrase dual inhibitor for advanced ovarian cancer, as well as other formulations like Dovitinib and Ixempra.

Where is Allarity Therapeutics headquartered?

Allarity Therapeutics is headquartered in the United States with a research facility in Denmark.

How has Allarity Therapeutics recently improved its financial standing?

Allarity has taken steps to regain compliance with Nasdaq listing requirements, including restructuring its financials, raising new equity, and reducing costs, resulting in a strengthened financial position.

What recent achievements has Allarity Therapeutics announced?

Recent achievements include significant clinical trial progress with stenoparib, achieving Nasdaq compliance, and strategic financial restructuring to support further development.

How does stenoparib work?

Stenoparib is a dual-targeted inhibitor of PARP1/2 and Tankyrase 1 and 2, which helps in blocking Wnt pathway activation and shows promise as a therapeutic for advanced ovarian cancer.

What are the benefits of using the DRP® companion diagnostic?

By using the DRP® companion diagnostic, Allarity can select patients with a high likelihood of benefiting from specific drugs, thus increasing therapeutic efficacy and improving patient outcomes.

Has Allarity Therapeutics regained compliance with Nasdaq’s listing requirements?

Yes, Allarity Therapeutics has regained compliance with Nasdaq’s minimum bid price and equity requirements, allowing continued listing and trading on Nasdaq.

What is the significance of the strategic pivot announced by Allarity Therapeutics?

The strategic pivot focuses on accelerating the development of stenoparib, driven by promising clinical data, and aims to address unmet medical needs in advanced ovarian cancer, potentially leading to regulatory approval.

Allarity Therapeutics, Inc.

Nasdaq:ALLR

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4.30M
25.59M
0.01%
5.93%
Research and Development in Biotechnology
Professional, Scientific, and Technical Services
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United States of America
BOSTON