Welcome to our dedicated page for Allarity news (Ticker: ALLR), a resource for investors and traders seeking the latest updates and insights on Allarity stock.
Allarity Therapeutics, Inc. (NASDAQ: ALLR) is a Phase 2 clinical-stage biopharmaceutical company focused on personalized oncology through the development of stenoparib, a dual PARP1/2 and tankyrase 1/2 inhibitor, and its proprietary DRP® companion diagnostic platform. The Allarity news feed highlights how the company advances this program in advanced ovarian cancer and other hard-to-treat malignancies.
News updates commonly cover clinical trial milestones, such as enrollment progress and new Phase 2 data in platinum-resistant or platinum-ineligible ovarian cancer, including Kaplan–Meier analyses of overall survival and durability of response. Releases also report on regulatory developments, notably the FDA Fast Track designation granted to stenoparib for advanced ovarian cancer, and on scientific presentations at meetings like the AACR Special Conference on Ovarian Cancer and Biomarkers & Precision Medicine.
Investors and observers will find coverage of corporate and financial updates, including quarterly results, capital structure actions, and private placement transactions disclosed via Form 8-K. Additional news items describe the expansion of Allarity’s DRP® platform through licensing and laboratory services agreements with EU-based biotechnology partners, patent developments such as Australian acceptance for the stenoparib DRP®, and collaborations with institutions like the Indiana Biosciences Research Institute.
This page aggregates these announcements so readers can follow how Allarity is progressing stenoparib in ovarian cancer, preparing combination studies in recurrent small cell lung cancer, and broadening the use of its DRP® technology across oncology. For ongoing insight into trial data, regulatory interactions, intellectual property, and financing events related to ALLR, this curated news stream provides a centralized view.
Allarity Therapeutics (NASDAQ: ALLR) has regained compliance with Nasdaq's minimum bid price requirement. The company received formal notice on October 9, 2024, confirming that its stock has maintained a closing bid price of $1.00 or more for 20 consecutive trading days since September 11, 2024. This resolves the compliance issue with Nasdaq's Listing Rule 5550(a)(2).
CEO Thomas Jensen expressed satisfaction with the resolution, stating that the company can now focus on advancing its stenoparib program. The ongoing Phase 2 trial in advanced ovarian cancer has been delivering encouraging data. Allarity Therapeutics aims to develop this novel therapy to address the urgent need for new treatment options in advanced ovarian cancer, where patients currently face alternatives.
Allarity Therapeutics (NASDAQ: ALLR) has announced key leadership appointments to accelerate its clinical and strategic development. Jeremy R. Graff, Ph.D., has been appointed as President and Chief Development Officer, bringing over 25 years of experience in biotech and pharmaceuticals. Jose Iglesias, M.D., joins as Consultant Chief Medical Officer to drive the stenoparib program towards regulatory approval. Jesper Høiland, former President of Novo Nordisk's U.S. operations, has been appointed as Strategic Advisor.
These appointments aim to advance Allarity's clinical development efforts, particularly for its dual PARP and Tankyrase inhibitor, stenoparib, alongside the company's Drug Response Predictor (DRP®) companion diagnostic. The new leadership team brings extensive experience in oncology drug development, clinical trials, and global pharmaceutical leadership, which will be important in accelerating stenoparib's path toward regulatory approval for advanced ovarian cancer treatment.
Allarity Therapeutics (NASDAQ: ALLR) has announced a significant milestone in its Phase 2 clinical trial of stenoparib for advanced, recurrent ovarian cancer. Two patients, pre-screened using Allarity's Drug Response Predictor (DRP®) companion diagnostic, have exceeded one year of treatment. This achievement highlights stenoparib's potential to provide durable clinical benefit in heavily pre-treated patients with options.
The trial continues to show promising results, including a confirmed complete response and long-term disease stability in multiple patients. Stenoparib's unique mechanism as a dual PARP/Tankyrase inhibitor sets it apart from other treatments. The company is now planning to accelerate the program's path toward regulatory approval.
Allarity Therapeutics (NASDAQ: ALLR) has appointed Alex Epshinsky as its new Chief Financial Officer. Epshinsky, a CPA with nearly a decade of financial leadership experience in biotech and pharma, joins from Avenue Therapeutics. His expertise will support Allarity's advancement of stenoparib, a novel PARP inhibitor for advanced recurrent ovarian cancer.
As part of his employment package, Allarity granted Epshinsky 55,555 restricted stock units (RSUs) on September 12, 2024. These RSUs will vest in equal one-third installments over three years, subject to continuous employment. The inducement awards were approved by Allarity's Board in accordance with Nasdaq Listing Rule 5635(c)(4).
Allarity Therapeutics (NASDAQ: ALLR) has taken a decisive step towards regaining Nasdaq compliance by implementing a 1-for-30 reverse stock split, effective September 11, 2024. This action follows shareholder approval at the Annual Meeting on September 3, 2024, meeting the Nasdaq Hearings Panel's requirements. The split aims to mitigate delisting risks and support the company's focus on developing personalized cancer treatments, particularly stenoparib for advanced ovarian cancer.
Key points:
- New CUSIP number: 016744500
- Total outstanding shares reduced to approximately one-thirtieth
- Fractional shares rounded up to nearest whole number
- Computershare appointed as exchange agent
- Adjustments made to equity awards and authorized shares under 2021 equity incentive plan
Allarity Therapeutics (NASDAQ: ALLR), a Phase 2 clinical-stage pharmaceutical company focused on personalized cancer treatments, has announced the postponement of its Annual Meeting of Stockholders. The meeting was originally scheduled for July 26, 2024, at 10:00 AM Eastern Time. The company's Board of Directors made the decision to delay the meeting on July 25, 2024, exercising its authority under the company's bylaws.
Allarity Therapeutics will determine and announce a new date for the Annual Meeting in the future. The company has committed to providing updated information about the new meeting date and, if necessary, a new record date as soon as it becomes available.
Allarity Therapeutics (NASDAQ: ALLR) is urging shareholders to vote FOR a reverse stock split and decrease in authorized shares at the upcoming annual meeting on July 26, 2024. The Board emphasizes these measures are crucial for maintaining Nasdaq listing compliance and avoiding potential delisting, which could negatively impact stock tradability and price.
Key points:
- Reverse stock split aims to regain and sustain Nasdaq compliance
- Decrease in authorized shares to reduce negative effects on earnings per share and voting power
- Failure to approve may hinder management's strategy execution and business development
- Voting deadline: 11:59 p.m. ET on July 25, 2024
- Stockholders can vote or change their vote using proxy materials or contacting their brokerage firm
Allarity Therapeutics (NASDAQ: ALLR) has announced significant progress in 2024, highlighting a strong financial position with a $20 million cash balance expected to provide runway into 2026. The company plans to pause its ATM offering and has consolidated its capitalization table. Allarity is focusing resources on stenoparib, which shows extended clinical benefit in a Phase 2 trial for ovarian cancer.
However, Allarity received a Wells Notice from the SEC regarding disclosures about FDA meetings for Dovitinib. The company is proposing a reverse stock split to maintain NASDAQ listing compliance, which is important for investor confidence and stock liquidity.
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.
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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