Allogene Therapeutics, Inc. - ALLO STOCK NEWS

Allogene Therapeutics (ALLO) announced the passing of founding board member David Bonderman at age 82. Bonderman, who served as Lead Independent Director since the company's founding in 2018, was instrumental in advancing CAR T-cell therapy development. He was an early supporter of Kite Pharma and later helped establish and guide Allogene's evolution in developing allogeneic CAR T products for cancer and autoimmune disease treatment. His role as a champion of innovation and trusted mentor made significant contributions to the company's development in pioneering AlloCAR T™ products.

Allogene Therapeutics (Nasdaq: ALLO), a clinical-stage biotechnology company focused on allogeneic CAR T products for cancer and autoimmune disease, has announced its participation in upcoming investor conferences. The company will attend the Jefferies London Healthcare Conference on November 20, 2024, at 11:30AM GMT, the Citizens JMP Hematology and Oncology Summit on December 2, 2024, and the 36th Annual Piper Sandler Healthcare Conference on December 3, 2024. Webcasts will be available on the company's website for approximately 30 days after the events.

Allogene Therapeutics presented preclinical data for ALLO-329, a novel dual CAR T cell therapy targeting both CD19+ B-cells and CD70+ activated T cells for autoimmune diseases. The therapy demonstrated effective depletion of target cells and reduction in IgG and IgM without requiring lymphodepletion in preclinical models. Using proprietary Dagger® technology, ALLO-329 showed resistance to rejection and enhanced persistence. The company plans to submit an IND application in Q1 2025, with proof-of-concept expected by year-end 2025.

Allogene Therapeutics reported Q3 2024 financial results and provided updates on key programs. The company ended Q3 with $403.4 million in cash and investments, projecting runway into 2H 2026. Key highlights include: Phase 2 ALPHA3 trial of cema-cel in LBCL continuing with enrollment completion expected in 1H 2026; ALLO-316 showing 50% overall response rate in RCC patients with CD70 TPS ≥50%; and plans for ALLO-329 IND filing in Q1 2025 for autoimmune diseases. Q3 net loss was $66.3 million, with R&D expenses at $44.7 million and G&A expenses at $16.3 million.

Allogene Therapeutics presented positive Phase 1 TRAVERSE trial data for ALLO-316 in treating advanced renal cell carcinoma (RCC). The trial showed a 50% overall response rate and 33% confirmed response rate in patients with CD70 Tumor Proportion Score ≥50%. Among 39 enrolled patients, 26 were CD70 positive and evaluable for efficacy. The treatment demonstrated a manageable safety profile, with cytokine release syndrome being the most common adverse event. The FDA granted RMAT designation to ALLO-316 for advanced or metastatic RCC treatment. Additional data from the Phase 1b expansion cohort is expected in mid-2025.

Allogene Therapeutics will present new data from its Phase 1 TRAVERSE trial for ALLO-316, an off-the-shelf AlloCAR T™ therapy targeting CD70-positive renal cell carcinoma (RCC), at the International Kidney Cancer Symposium and SITC Annual Meeting. The presentations will showcase data from 26 heavily pretreated patients and include details on managing treatment-associated hyperinflammatory responses.

The FDA granted RMAT designation to ALLO-316 in October 2024, recognizing its potential to address unmet needs in adult patients with advanced RCC who have failed standard therapies. The ongoing TRAVERSE trial demonstrates ALLO-316's ability to elicit responses from a single infusion, suggesting a breakthrough in allogeneic CAR T therapy for solid tumors.

Allogene Therapeutics (Nasdaq: ALLO), a clinical-stage biotech company focused on developing allogeneic CAR T products for cancer and autoimmune disease, has announced its participation in two major investor conferences in November. The company will present at the Stifel 2024 Healthcare Conference on November 18 at 5:35AM PT and the Jefferies London Healthcare Conference on November 20 at 10:00AM GMT. Webcasts will be available on the company's website for approximately 30 days after the events.

Allogene Therapeutics (ALLO), a clinical-stage biotech company focused on allogeneic CAR T products, will release its Q3 2024 financial results on November 7, 2024, after market close. The company will host a conference call and webcast at 2:00 p.m. PT/5:00 p.m. ET on the same day. Interested parties can access the webcast through the company's website, with a replay available for approximately 30 days. Those wishing to ask questions during the call must register to receive a personal PIN for access.

Allogene Therapeutics announced that the FDA granted Regenerative Medicine Advanced Therapy (RMAT) designation to ALLO-316 for treating adult patients with CD70 positive advanced or metastatic renal cell carcinoma (RCC). The designation was based on clinical data from the TRAVERSE trial, showing potential in treating patients who failed multiple standard RCC therapies. ALLO-316 utilizes the Dagger® technology as a next-generation allogeneic platform for single-infusion 'off-the-shelf' CAR T therapy. The company will present updated Phase 1 data at the upcoming SITC annual meeting. ALLO-316 previously received Fast Track Designation in March 2022.