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Allarity Therapeutics | 8-K: Allarity Therapeutics Reports Third Quarter 2024 Financial Results and Provides Recent Operational Highlights

Allarity Therapeutics | 8-K: Allarity Therapeutics Reports Third Quarter 2024 Financial Results and Provides Recent Operational Highlights

Allarity Therapeutics | 8-K:Alarity Therapeutics公布2024年第三季度财务业绩并提供最近的运营亮点
美股SEC公告 ·  11/14 05:21

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On November 14, 2024, Allarity Therapeutics, Inc., a clinical-stage biopharmaceutical company, announced its financial results for the third quarter ending September 30, 2024. The company reported a cash balance of $18.5 million, a significant increase from $0.2 million at the end of 2023, extending its financial runway into 2026. Research and development expenses decreased to $1.0 million from $1.9 million in the same quarter of the previous year, while general and administrative expenses also saw a reduction. However, the company recorded a net loss of $12.2 million, primarily due to a $9.7 million non-cash intangible asset impairment charge. Allarity highlighted operational achievements including positive patient outcomes in the Phase 2 trial of stenoparib for advanced ovarian cancer, the appointment of new leadership, securing a European patent for its stenoparib DRP® companion diagnostic, and regaining NASDAQ compliance. The company's CEO, Thomas Jensen, expressed optimism for the future, particularly for stenoparib's potential to offer new hope to ovarian cancer patients with limited treatment options.
On November 14, 2024, Allarity Therapeutics, Inc., a clinical-stage biopharmaceutical company, announced its financial results for the third quarter ending September 30, 2024. The company reported a cash balance of $18.5 million, a significant increase from $0.2 million at the end of 2023, extending its financial runway into 2026. Research and development expenses decreased to $1.0 million from $1.9 million in the same quarter of the previous year, while general and administrative expenses also saw a reduction. However, the company recorded a net loss of $12.2 million, primarily due to a $9.7 million non-cash intangible asset impairment charge. Allarity highlighted operational achievements including positive patient outcomes in the Phase 2 trial of stenoparib for advanced ovarian cancer, the appointment of new leadership, securing a European patent for its stenoparib DRP® companion diagnostic, and regaining NASDAQ compliance. The company's CEO, Thomas Jensen, expressed optimism for the future, particularly for stenoparib's potential to offer new hope to ovarian cancer patients with limited treatment options.
2024年11月14日,Allarity Therapeutics, Inc.,一家临床阶段生物制药公司,公布了截至2024年9月30日的第三季度财务结果。该公司的现金余额为1850万美元,较2023年年底的20万美元大幅增加,延长了其财务公路直到2026年。研发支出从上一年度同季度的190万美元减少至100万美元,而一般和行政支出也出现下降。然而,该公司记录了1220万美元的净亏损,主要由于970万美元的非现金无形资产减值费用。Allarity强调了运营成就,包括在晚期卵巢癌的stenoparib二期试验中获得积极的患者结果,新领导层的任命,为其stenoparib DRP®伴随诊断获得欧洲专利,以及重新获得纳斯达克合规。该公司的首席执行官托马斯·延森对未来表示乐观,特别是对stenoparib在为治疗选择有限的卵巢癌患者提供新希望的潜力。
2024年11月14日,Allarity Therapeutics, Inc.,一家临床阶段生物制药公司,公布了截至2024年9月30日的第三季度财务结果。该公司的现金余额为1850万美元,较2023年年底的20万美元大幅增加,延长了其财务公路直到2026年。研发支出从上一年度同季度的190万美元减少至100万美元,而一般和行政支出也出现下降。然而,该公司记录了1220万美元的净亏损,主要由于970万美元的非现金无形资产减值费用。Allarity强调了运营成就,包括在晚期卵巢癌的stenoparib二期试验中获得积极的患者结果,新领导层的任命,为其stenoparib DRP®伴随诊断获得欧洲专利,以及重新获得纳斯达克合规。该公司的首席执行官托马斯·延森对未来表示乐观,特别是对stenoparib在为治疗选择有限的卵巢癌患者提供新希望的潜力。
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