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Alx Oncology Holdings Inc - ALXO STOCK NEWS

Welcome to our dedicated page for Alx Oncology Holdings news (Ticker: ALXO), a resource for investors and traders seeking the latest updates and insights on Alx Oncology Holdings stock.

Overview

ALX Oncology Holdings Inc (NASDAQ: ALXO) is a clinical‐stage biotechnology company dedicated to advancing innovative immuno‐oncology therapies. With a deep expertise in protein engineering, ALX Oncology is focused on developing treatments that block the CD47 immune checkpoint—a mechanism by which cancer cells signal the immune system not to attack. This approach is particularly significant in the context of enhancing both the innate and adaptive immune responses against malignancies. Keywords such as immuno‐oncology, CD47 blockade, and checkpoint inhibitor are central to the company’s identity and strategic direction.

Core Technology and Therapeutic Approach

The company’s lead product candidate, evorpacept, is a fusion protein that integrates an engineered, high-affinity CD47 binding domain with an inactivated Fc region, designed to minimize hematologic toxicities common to other CD47 blocking agents. This strategic design not only optimizes safety but also allows for potentially higher dosing in combination regimens. By mitigating the "don't eat me" signal of CD47, the therapy aims to restore the immune system’s ability to recognize and eliminate cancer cells. This precision in molecular design underlines ALX Oncology’s commitment to developing next-generation immunotherapies.

Clinical Development and Research Focus

ALX Oncology has built a robust clinical-stage pipeline that explores various combination strategies, investigating evorpacept with established anti-cancer antibodies, ADCs, and checkpoint inhibitors. The company conducts multiple studies across hematologic and solid malignancies, using its therapeutic candidate as a combinatorial partner to address complex cancer pathologies. While avoiding specific numerical data and time-sensitive details, it is evident that the clinical program is designed with a strong emphasis on advanced safety profiles and meaningful anti-tumor activity.

Market Position and Competitive Differentiation

Within the competitive landscape of immunotherapies, ALX Oncology differentiates itself through its innovative approach to CD47 blockade. Unlike competitors using active Fc domains, evorpacept employs an inactivated Fc region to reduce overlapping toxicities, potentially allowing effective higher dosing when used in combination with other therapies. This nuanced approach not only enhances its safety profile but also positions the company as an important contributor to evolving cancer treatment paradigms. The company’s strategic focus on combination therapies reflects a broader industry trend, wherein multi-modality treatment regimens are increasingly recognized for their potential to overcome resistance mechanisms in cancer cells.

Scientific and Clinical Expertise

ALX Oncology’s efforts are supported by a team with extensive experience in oncology, immunology, and biopharmaceutical research. The company integrates cutting-edge scientific advancements with clinical insights to drive its development programs. The rigorous, data-driven approach in its clinical trials underscores a commitment to high standards of scientific inquiry and patient safety. Moreover, the use of rational design principles in developing evorpacept demonstrates the company’s methodical and evidence-based approach to overcoming conventional therapeutic limitations.

Strategic Focus

The company remains focused on enhancing therapeutic outcomes by leveraging its product pipeline to bridge innate and adaptive immunity. Through collaborations and combination studies, ALX Oncology aims to address complex oncologic challenges while ensuring that its therapies maintain a broad applicability across multiple cancer indications. Each study is designed to provide insights into treatment efficacy and safety, contributing to an evolving landscape of immuno-oncology research that emphasizes precision, tolerability, and synergistic potential with other anti-cancer modalities.

Conclusion

In summary, ALX Oncology Holdings Inc. embodies a forward-thinking approach in the realm of immuno-oncology by targeting the CD47 checkpoint with a uniquely engineered candidate. The company’s integration of advanced protein design, strong clinical trial data, and a focus on combinational therapies places it in a notable position within the competitive biotechnology sector. This comprehensive approach not only highlights its scientific and clinical rigor but also provides a clear understanding of its business model and market significance for investors and industry observers alike.

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ALX Oncology Holdings Inc. reported positive financial results for Q4 2023 and full year 2023, with a focus on evorpacept's success in the ASPEN-06 Phase 2 clinical trial. The company highlighted key findings, including a 52% overall response rate in the evorpacept combination treatment arm. ALX Oncology also executed a successful public offering generating $63.2 million in gross proceeds. The company anticipates significant clinical milestones in 2024 across various cancer types. Financially, the company ended 2023 with $218.1 million in cash, sufficient to fund operations into early 2026.
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ALX Oncology Holdings Inc. announces acceptance of two clinical abstracts for presentation at the AACR Annual Meeting. The abstracts focus on trials in patients with relapsed/refractory B-cell non-Hodgkin lymphoma and higher-risk myelodysplastic syndrome.
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ALX Oncology Holdings Inc. (ALXO) to present at the 42nd Annual J.P. Morgan Healthcare Conference. CEO Jason Lettmann will provide a company overview on January 8th, 2024, at 4:30 PM PST. A live webcast and replay will be available on the company's website.
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ALX Oncology Holdings Inc. (ALXO) reported financial results for Q3 2023 and provided a corporate update. They achieved positive interim Phase 2 ASPEN-06 clinical trial results for evorpacept, completed a public offering, realigned leadership, and advanced their pipeline of programs. The company also reported a strong financial position with $196.4 million in cash, cash equivalents, and investments.
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ALX Oncology Holdings Inc. will participate in three upcoming investor conferences in November. The conferences include the 2023 UBS BioPharma Conference on November 8th in Miami Beach, FL, the 2023 Jefferies London Healthcare Conference on November 14th in London, UK, and the 2023 Piper Sandler Healthcare Conference on November 28th in New York, NY. Webcast links will be available on ALX Oncology's website for those who want to access the fireside chats.
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ALX Oncology closes underwritten public offering, raising approximately $63.2 million.
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ALX Oncology announces pricing of its underwritten public offering of common stock and pre-funded warrants.
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ALX Oncology Holdings Inc. has commenced an underwritten public offering of its common stock and pre-funded warrants, with the intention of using the net proceeds to fund the development of evorpacept and for general corporate purposes.
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ALX Oncology announces positive Phase 2 data for evorpacept in gastric cancer treatment, with a confirmed overall response rate of 52% compared to 22% for the control group. Median duration of response was not reached for evorpacept. Safety profile consistent with previous trials. Results compare favorably to standard of care. Company plans to initiate Phase 3 study in late 2024.
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FAQ

What is the current stock price of Alx Oncology Holdings (ALXO)?

The current stock price of Alx Oncology Holdings (ALXO) is $0.5057 as of April 8, 2025.

What is the market cap of Alx Oncology Holdings (ALXO)?

The market cap of Alx Oncology Holdings (ALXO) is approximately 30.1M.

What is the core focus of ALX Oncology Holdings Inc.?

ALX Oncology is focused on developing innovative immuno-oncology therapies, particularly by targeting the CD47 immune checkpoint to help the immune system combat cancer.

How does evorpacept, the company’s lead candidate, work?

Evorpacept is a fusion protein that combines a high-affinity CD47 binding domain with an inactivated Fc region, designed to block the CD47 'don’t eat me' signal and enhance immune recognition of cancer cells.

What makes ALX Oncology’s approach to CD47 blockade unique?

The company’s approach uses an inactivated Fc domain to minimize hematologic toxicities, allowing for higher therapeutic dosing when used in combination with other anti-cancer agents.

In which areas is ALX Oncology conducting clinical studies?

ALX Oncology is engaged in clinical trials across various hematologic and solid malignancies, often exploring combination regimens with standard anticancer antibodies, ADCs, and checkpoint inhibitors.

How does ALX Oncology differentiate itself in the competitive immuno-oncology market?

ALX Oncology differentiates itself through its precise protein engineering, the unique safety profile of evorpacept, and its strategic focus on combination therapies that bridge innate and adaptive immunity.

What is the significance of targeting the CD47 checkpoint in cancer therapy?

Targeting the CD47 checkpoint is significant because it interrupts a key mechanism that cancer cells use to avoid immune detection, thereby potentially enhancing the efficacy of cancer treatments.

What role does combination therapy play in ALX Oncology’s research strategy?

Combination therapy is integral to their strategy as it aims to leverage the benefits of evorpacept alongside other anti-cancer agents, increasing therapeutic efficacy and addressing resistance mechanisms.

Who are the typical stakeholders interested in ALX Oncology’s developments?

Investors, clinicians, and researchers with an interest in cutting-edge immuno-oncology and targeted cancer therapies are the primary stakeholders following ALX Oncology’s clinical advancements.
Alx Oncology Holdings Inc

Nasdaq:ALXO

ALXO Rankings

ALXO Stock Data

30.12M
42.55M
2.03%
89.37%
11.03%
Biotechnology
Pharmaceutical Preparations
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United States
SOUTH SAN FRANCISCO