Welcome to our dedicated page for Allovir news (Ticker: ALVR), a resource for investors and traders seeking the latest updates and insights on Allovir stock.
The AlloVir, Inc. (ALVR) news page on Stock Titan aggregates company communications and third-party coverage related to its activities as an allogeneic T cell immunotherapy developer and its planned merger with Kalaris Therapeutics, Inc. AlloVir describes itself as a late-clinical stage cell therapy company focused on restoring natural immunity against life-threatening viral diseases in immunocompromised pediatric and adult patients. Its disclosures highlight an off-the-shelf, allogeneic virus-specific T cell platform and a pipeline led by the multi-virus-specific T cell therapy posoleucel.
Readers following ALVR news can find updates on clinical trial progress and outcomes, including Phase 2 and Phase 3 studies of posoleucel in allogeneic hematopoietic cell transplant recipients and adult kidney transplant recipients with BK viremia. Company releases have discussed prevention and treatment trials targeting adenovirus, BK virus, cytomegalovirus, Epstein-Barr virus, human herpesvirus-6, and JC virus, as well as early-stage work on ALVR106 for respiratory viruses and ALVR107 for chronic hepatitis B infection.
News items also cover strategic and corporate developments. AlloVir has reported discontinuation of its three Phase 3 posoleucel studies after pre-planned futility analyses, along with a shift toward capital preservation and review of strategic alternatives. Subsequent announcements describe a definitive all-stock merger agreement with Kalaris Therapeutics, stockholder approval of that merger, and expectations that the combined company will operate as Kalaris Therapeutics, Inc. and trade on Nasdaq under the ticker KLRS, subject to customary closing conditions.
In addition, the ALVR news feed may include information on financings, investor conference participation, and regulatory designations such as RMAT, Orphan Drug, and PRIME status for posoleucel. Investors and researchers can use this page to monitor how AlloVir’s virus-specific T cell programs and its transition toward a retina-focused combined company with Kalaris are described over time.
AlloVir (ALVR) reported its Q3 2021 financial results, highlighting advancements in its virus-specific T cell (VST) therapy programs. The company is set to present positive interim data on posoleucel at the ASH Annual Meeting. The ongoing Phase 2 study is aimed at preventing significant viral infections in high-risk allo-HSCT patients. Financially, net loss increased to $45.5 million, or $0.72 per share, with total cash and securities at $275.8 million. R&D expenses rose to $33.1 million, reflecting expanded activities in product development and staffing.
AlloVir (NASDAQ: ALVR) announced that the FDA has granted Orphan Drug Designation (ODD) to its investigational therapy, posoleucel (Viralym-M, ALVR105), for treating virus-associated hemorrhagic cystitis (HC). This therapy targets six significant viral pathogens affecting immunocompromised patients. Posoleucel has also received Regenerative Medicine Advanced Therapy (RMAT) and Orphan Medicinal Product (OMP) designations from the EMA. The ongoing Phase 3 study aims to address the urgent need for effective treatments in HSCT patients suffering from HC, a serious complication.
AlloVir, Inc. (Nasdaq: ALVR) announced promising early clinical data on ALVR109, a virus-specific T cell therapy targeting SARS-CoV-2. The investigational therapy demonstrated antiviral activity against multiple variants, including Delta, during an oral presentation at IDWeek™ 2021. Four patients with COVID-19 showed clinical improvement post-infusion with well-tolerated results, and T cell expansion was observed. This data underlines the potential of AlloVir's therapeutic platform.
AlloVir, Inc. (NASDAQ: ALVR) will present a corporate update at the Morgan Stanley 19th Annual Global Healthcare Conference on September 14 at 4:15 p.m. ET. Investors can access the presentation on the company's website, with an archived replay available for 30 days after. AlloVir specializes in late-stage cell therapies aimed at restoring immunity against life-threatening viral diseases in patients with weakened immune systems. They utilize allogeneic, multi-virus-specific T-cells and are advancing several clinical trials across their product portfolio.
AlloVir (Nasdaq: ALVR) reported its second-quarter financial results for 2021, highlighting an increase in research and development expenses to $25.7 million, compared to $8.9 million in Q2 2020. General and administrative expenses also rose to $12.0 million from $3.3 million year-over-year. The net loss for the quarter was $37.6 million or $0.60 per share, up from a loss of $11.6 million or $4.43 per share in the same quarter of 2020. As of June 30, 2021, the company had $313.3 million in cash and equivalents, down from $356.3 million at the end of 2020.
AlloVir (ALVR) reported its Q1 2021 financial results, highlighting significant advancements in its clinical pipeline. The company appointed Dr. Diana Brainard as CEO to drive development in virology therapeutics. Financials revealed a net loss of $30.9 million, or $0.50 per share, compared to a loss of $9.3 million in Q1 2020. R&D expenses surged to $20.4 million, reflecting active product development. AlloVir has $337.0 million in cash and equivalents, down from $356.3 million at year-end 2020, indicating a need to manage spending amid ongoing trials and expansions.
AlloVir (Nasdaq: ALVR) appointed Diana M. Brainard, M.D., as CEO effective May 17, 2021. Dr. Brainard, with over 20 years in infectious diseases and significant leadership experience at Gilead, succeeds David Hallal, who will remain as Executive Chairman. Under her leadership, AlloVir aims to enhance its clinical pipeline of cell therapies for viral diseases, including the ongoing trials for its lead therapy, Viralym-M, and ALVR109. This transition comes at a strategic moment, leveraging Brainard's expertise to drive growth and innovation in the company.
AlloVir, a late clinical-stage cell therapy company listed on Nasdaq as ALVR, will present its corporate overview at the 10th Annual SVB Leerink Global Healthcare Conference on February 26, 2021, at 4:20 p.m. ET. The presentation will be accessible via the Investors & Press section on AlloVir’s website, with an archived replay available for approximately 30 days post-event. AlloVir focuses on developing innovative T-cell therapies aimed at restoring immunity against life-threatening viral diseases in immunocompromised patients.
AlloVir (Nasdaq: ALVR) announced positive outcomes from a subgroup analysis of its Phase 2 CHARMS study, focusing on its investigational T-cell therapy, Viralym-M (ALVR105), for treating virus-associated hemorrhagic cystitis in allo-HSCT recipients. The therapy demonstrated a significant resolution of macroscopic hematuria, with 60% resolution at two weeks and 80% at six weeks, compared to 10% and 30% in untreated cohorts. Additionally, the company is advancing to a Phase 3 pivotal study. The press release underscores the potential of Viralym-M in addressing challenging viral infections in immunocompromised patients.
AlloVir (Nasdaq: ALVR) reported a net loss of $69.8 million for 2020, or $2.59 per share, compared to a loss of $23.8 million in 2019. The company achieved key milestones, including FDA clearance for two IND applications and the initiation of clinical trials for its therapies, Viralym-M and ALVR109. Research and development expenses surged to $49.7 million, reflecting increased activity in product development. As of December 31, 2020, AlloVir maintained cash and equivalents totaling $356.3 million, up from $126.1 million in 2019. The company plans to expand trials in 2021.
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