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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公佈了第一季度財務業績和亮點,包括2期試驗的明顯臨床收益、納斯達克合規性以及現金和股權餘額的顯著改善
美股SEC公告 ·  05/15 21:20

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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,臨床階段的生物製藥公司Allarity Therapeutics, Inc.(納斯達克股票代碼:ALLR)公佈了截至2024年3月31日的第一季度財務業績。該公司報告本季度淨虧損380萬美元,而去年同期爲340萬美元。研發(R&D)費用從140萬美元增加到220萬美元,這主要是由於製造成本上漲以及與stenoparib許可協議相關的延期費支付。一般和行政(G&A)費用從220萬美元略有下降至210萬美元。該公司強調了重大成就,包括早期結束了治療晚期卵巢癌藥物stenoparib的2期試驗,這要歸因於觀察到明顯的臨床益處。Alarity還報告稱,它有望恢復對所有納斯達克上市...展開全部
2024年5月14日,臨床階段的生物製藥公司Allarity Therapeutics, Inc.(納斯達克股票代碼:ALLR)公佈了截至2024年3月31日的第一季度財務業績。該公司報告本季度淨虧損380萬美元,而去年同期爲340萬美元。研發(R&D)費用從140萬美元增加到220萬美元,這主要是由於製造成本上漲以及與stenoparib許可協議相關的延期費支付。一般和行政(G&A)費用從220萬美元略有下降至210萬美元。該公司強調了重大成就,包括早期結束了治療晚期卵巢癌藥物stenoparib的2期試驗,這要歸因於觀察到明顯的臨床益處。Alarity還報告稱,它有望恢復對所有納斯達克上市要求的遵守,沒有可變價格的證券流通,認股權證的積壓也接近消除。該公司撤回了S-1表格,並報告了財務狀況得到加強,股權爲1500萬美元,現金餘額爲1,400萬美元。首席執行官托馬斯·詹森強調了該公司對stenoparib的關注,以及在臨床試驗中使用其DRP® 伴隨診斷來選擇患者。Alarity還完成了反向股票拆分,以保持對納斯達克最低出價要求的合規性,並已將其戰略重點僅轉移到stenoparib的開發上,從而降低了其他項目的優先級。
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