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Exhibit 99.1 |
Allogene Therapeutics Reports First Quarter 2019 Financial Results
| Initiated ALLO-501 Phase 1 ALPHA Trial in Patients with Relapsed/Refractory Non-Hodgkin Lymphoma (NHL) |
| Investigational New Drug (IND) Application Submitted to the U.S. Food & Drug Administration (FDA) for ALLO-715 Targeting BCMA for the Treatment of Patients with Relapsed/Refractory Multiple Myeloma |
| Ended First Quarter 2019 with $681 Million in Cash, Cash Equivalents and Investments |
| Conference Call and Webcast Scheduled for 5:30 AM PT/8:30 AM ET |
South San Francisco, Calif., May 7, 2019 Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T
) therapies for cancer, today provided a corporate update and reported financial results for the quarter ended March 31, 2019.We are very pleased with our ability to accelerate the research and development activities for both ALLO-501 and ALLO-715, said David Chang, M.D., Ph.D., President, Chief Executive Officer and Co-Founder of Allogene. Our focus from day one has been on the acceleration of AlloCAR T therapy to enable an off-the-shelf CAR T therapy for patients. In May 2018, we started Allogene with approximately 40 employees. Today, we have over 150 employees, all dedicated to making AlloCAR T therapy a reality.
Recent Highlights
ALLO-501 (anti-CD19 AlloCAR T)
| The ALLO-501 Phase 1 ALPHA trial for patients with relapsed/refractory non-Hodgkin lymphoma (NHL) has been initiated. The trial is designed to assess the safety and tolerability at increasing dose levels of ALLO-501 in the most common NHL subtypes of relapsed/refractory large B-cell lymphoma, including diffuse large B-cell lymphoma (DLBCL), and follicular lymphoma (FL). Multiple sites with expertise in CAR T are fully activated and the Company continues to expect to report initial data from the trial in the first half of 2020. |
| The Company is rapidly progressing the planned second generation of ALLO-501 through preclinical development. The second generation ALLO-501 is devoid of the rituximab off-switch and is expected to be introduced prior to the start of the Phase 2 portion of the ALPHA study. |
ALLO-715 (anti-BCMA AlloCAR T)
| An Investigational New Drug (IND) application has been submitted to the U.S. Food & Drug Administration (FDA) for ALLO-715, a wholly-owned CAR T product candidate targeting B cell maturation antigen (BCMA) for relapsed/refractory multiple myeloma. The Company remains on track to initiate a Phase 1 trial in 2019. |
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Allogene Therapeutics, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Allogene Therapeutics, Inc. provided additional information to their SEC Filing as exhibits
Ticker: ALLO
CIK: 1737287
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-19-016480
Submitted to the SEC: Tue May 07 2019 4:01:49 PM EST
Accepted by the SEC: Tue May 07 2019
Period: Sunday, March 31, 2019
Industry: Biological Products No Disgnostic Substances