STOCK TITAN

Allogene Therapeutics Announces Ton Schumacher, Ph.D., Chair of Scientific Advisory Board, Awarded the 2021 Jeantet-Collen Prize for Translational Medicine

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
management
Rhea-AI Summary

Allogene Therapeutics (Nasdaq: ALLO) announced that Dr. Ton Schumacher has received the 2021 Jeantet-Collen Prize for Translational Medicine. This award acknowledges his advancements in cancer immunotherapy and the understanding of immune responses to cancer cells. Schumacher's work is expected to enhance cancer diagnosis and treatment. As a leading researcher and chair of Allogene’s Scientific Advisory Board, his leadership is vital as the company develops innovative AlloCAR T™ therapies. The award includes funding for his ongoing research into tumor antigens and immune microenvironments.

Positive
  • Dr. Ton Schumacher awarded the Jeantet-Collen Prize, enhancing Allogene's reputation.
  • Funding for Schumacher's research may lead to advancements in cancer diagnosis and treatment.
Negative
  • None.
  • Prestigious Prize Presented to Distinguish Leading-Edge Researchers in Europe
  • Dr. Schumacher Recognized for the Development of Technologies to Study the Role of the Immune System in Cancer Progression and for the Improvement of Cancer Diagnosis and Treatment

SOUTH SAN FRANCISCO, Calif., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T™) therapies for cancer, today announced that Ton Schumacher, Ph.D., Principal Investigator at the Netherlands Cancer Institute and chair of Allogene’s Scientific Advisory Board, has been awarded the 2021 Jeantet-Collen Prize for Translational Medicine. The award is presented every year by the Louis-Jeantet Foundation to distinguish leading-edge researchers in Europe, foster scientific excellence, and honor awardees conducting fundamental and translational research that is of considerable significance for medicine.

“Dr. Schumacher’s contributions to the field of cancer immunotherapy continue to break down barriers for new innovations in cancer treatment. We are delighted that his work continues to be recognized by prestigious awards such as the Jeantet-Collen Prize,” said David Chang, M.D., Ph.D., President, Chief Executive Officer and Co-Founder of Allogene. “As an internationally renowned immunologist and researcher and Allogene’s Scientific Advisory Board Chair, we are grateful for his leadership and counsel as we advance the first AlloCAR T therapies for patients.”

Dr. Schumacher was awarded the 2021 Jeantet-Collen Prize for Translational Medicine for his work in cancer immunotherapy research and groundbreaking contributions to the understanding of how the immune system recognizes cancer cells and the antitumor activity of novel cancer immunotherapies. As the award recipient, Dr. Schumacher will receive funding to continue his novel research understanding the immune microenvironment during tumor transition and to predict which tumor antigens are recognized by T cells, in order to achieve novel diagnostic and therapeutic opportunities.

In addition to his role at the Netherlands Cancer Institute in Amsterdam, Dr. Schumacher is Professor of Immunotechnology at Leiden University Medical Center, a member of Oncode Institute, the virtual Dutch cancer research institute, and Venture Partner at Third Rock Ventures. He has founded four biotechnology companies focused on immuno-oncology, including most recently, Neogene Therapeutics, which works to provide unique access to tumor-specific, TIL-derived TCRs for engineered T cell therapy in solid cancers. He previously co-founded AIMM Therapeutics, Neon Therapeutics and T Cell Factory and served as Chief Scientific Officer of Kite Pharma EU. In addition to the Jeantet-Collen prize, Dr. Schumacher is a recipient of, among others, the Amsterdam Inventor Award, Queen Wilhelmina Cancer Research Award, San Salvatore Award, Meyenburg Cancer Research Award, the William B. Coley Award and the Stevin Award of the Dutch Research Council.

About Allogene Therapeutics
Allogene Therapeutics, with headquarters in South San Francisco, is a clinical-stage biotechnology company pioneering the development of allogeneic chimeric antigen receptor T cell (AlloCAR T™) therapies for cancer. Led by a management team with significant experience in cell therapy, Allogene is developing a pipeline of “off-the-shelf” CAR T cell therapy candidates with the goal of delivering readily available cell therapy on-demand, more reliably, and at greater scale to more patients. For more information, please visit www.allogene.com, and follow @AllogeneTx on Twitter and LinkedIn.

Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The press release may, in some cases, use terms such as "predicts," "believes," "potential," "proposed," "continue," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Forward-looking statements include statements regarding intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: timing and ability to advance AlloCAR T™ therapies for patients; and the potential benefits of AlloCAR T™ therapy. Various factors may cause differences between Allogene’s expectations and actual results as discussed in greater detail in Allogene’s filings with the SEC, including without limitation in its Form 10-Q for the quarter ended September 30, 2020. Any forward-looking statements that are made in this press release speak only as of the date of this press release. Allogene assumes no obligation to update the forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.

AlloCAR T™ is a trademark of Allogene Therapeutics, Inc.

Allogene Media/Investor Contact:
Christine Cassiano
Chief Communications Officer
(714) 552-0326
Christine.Cassiano@allogene.com


FAQ

What is the Jeantet-Collen Prize awarded to Dr. Schumacher related to?

The Jeantet-Collen Prize is awarded for advancements in translational medicine, particularly in cancer immunotherapy.

How does Dr. Schumacher's award impact Allogene Therapeutics?

The award enhances Allogene's reputation and may contribute to advancements in their AlloCAR T therapies.

What is Dr. Schumacher's role at Allogene Therapeutics?

Dr. Schumacher is the chair of Allogene’s Scientific Advisory Board, providing leadership in research and development.

What research will Dr. Schumacher pursue with the prize funding?

He will study the immune microenvironment during tumor transition and tumor antigens recognized by T cells.

Allogene Therapeutics, Inc.

NASDAQ:ALLO

ALLO Rankings

ALLO Latest News

ALLO Stock Data

442.41M
145.66M
17.43%
80.25%
17.68%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
SOUTH SAN FRANCISCO