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Allarity Therapeutics | 8-K: Allarity Therapeutics Reports First Quarter Financial Results and Highlights, including Clear Clinical Benefits from Phase 2 Trial, NASDAQ Compliance, and Significant Improvement in Cash and Equity Balances

Allarity Therapeutics | 8-K: Allarity Therapeutics Reports First Quarter Financial Results and Highlights, including Clear Clinical Benefits from Phase 2 Trial, NASDAQ Compliance, and Significant Improvement in Cash and Equity Balances

Allarity Therapeutics | 8-K:Alarity Therapeutics公布了第一季度财务业绩和亮点,包括2期试验的明显临床收益、纳斯达克合规性以及现金和股权余额的显著改善
美股SEC公告 ·  05/15 09:20

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On May 14, 2024, Allarity Therapeutics, Inc. (NASDAQ: ALLR), a clinical-stage biopharmaceutical company, announced its financial results for the first quarter ended March 31, 2024. The company reported a net loss of $3.8 million for the quarter, compared to $3.4 million in the same period the previous year. Research and Development (R&D) expenses increased to $2.2 million from $1.4 million, primarily due to higher manufacturing costs and an extension fee payment related to their license agreement on stenoparib. General and Administrative (G&A) expenses slightly decreased to $2.1 million from $2.2 million. The company highlighted significant achievements, including the early conclusion of its Phase 2 trial of stenoparib, a drug for advanced ovarian cancer, due to clear clinical benefits observed. Allarity also reported that it is on track to...Show More
On May 14, 2024, Allarity Therapeutics, Inc. (NASDAQ: ALLR), a clinical-stage biopharmaceutical company, announced its financial results for the first quarter ended March 31, 2024. The company reported a net loss of $3.8 million for the quarter, compared to $3.4 million in the same period the previous year. Research and Development (R&D) expenses increased to $2.2 million from $1.4 million, primarily due to higher manufacturing costs and an extension fee payment related to their license agreement on stenoparib. General and Administrative (G&A) expenses slightly decreased to $2.1 million from $2.2 million. The company highlighted significant achievements, including the early conclusion of its Phase 2 trial of stenoparib, a drug for advanced ovarian cancer, due to clear clinical benefits observed. Allarity also reported that it is on track to regain compliance with all Nasdaq listing requirements, having no variable priced securities outstanding, and nearing the elimination of warrant overhang. The company withdrew its Form S-1 and reported a strengthened financial position with an equity of $15 million and a cash balance of $14 million. CEO Thomas Jensen emphasized the company's focus on stenoparib and the use of its DRP® companion diagnostic for patient selection in clinical trials. Allarity has also completed a reverse stock split to maintain compliance with Nasdaq's minimum bid price requirement and has shifted its strategic focus solely to the development of stenoparib, deprioritizing other projects.
2024年5月14日,临床阶段的生物制药公司Allarity Therapeutics, Inc.(纳斯达克股票代码:ALLR)公布了截至2024年3月31日的第一季度财务业绩。该公司报告本季度净亏损380万美元,而去年同期为340万美元。研发(R&D)费用从140万美元增加到220万美元,这主要是由于制造成本上涨以及与stenoparib许可协议相关的延期费支付。一般和行政(G&A)费用从220万美元略有下降至210万美元。该公司强调了重大成就,包括早期结束了治疗晚期卵巢癌药物stenoparib的2期试验,这要归因于观察到明显的临床益处。Alarity还报告称,它有望恢复对所有纳斯达克上市...展开全部
2024年5月14日,临床阶段的生物制药公司Allarity Therapeutics, Inc.(纳斯达克股票代码:ALLR)公布了截至2024年3月31日的第一季度财务业绩。该公司报告本季度净亏损380万美元,而去年同期为340万美元。研发(R&D)费用从140万美元增加到220万美元,这主要是由于制造成本上涨以及与stenoparib许可协议相关的延期费支付。一般和行政(G&A)费用从220万美元略有下降至210万美元。该公司强调了重大成就,包括早期结束了治疗晚期卵巢癌药物stenoparib的2期试验,这要归因于观察到明显的临床益处。Alarity还报告称,它有望恢复对所有纳斯达克上市要求的遵守,没有可变价格的证券流通,认股权证的积压也接近消除。该公司撤回了S-1表格,并报告了财务状况得到加强,股权为1500万美元,现金余额为1,400万美元。首席执行官托马斯·詹森强调了该公司对stenoparib的关注,以及在临床试验中使用其DRP® 伴随诊断来选择患者。Alarity还完成了反向股票拆分,以保持对纳斯达克最低出价要求的合规性,并已将其战略重点仅转移到stenoparib的开发上,从而降低了其他项目的优先级。
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