Exhibit 99.1

 

PRESS RELEASE

FOR IMMEDIATE RELEASE

 

Contact:

Derek Cole

Vice President, Investor Relations

720.540.5367

dcole@allos.com

 

ALLOS THERAPEUTICS REPORTS 2007 RESULTS

 


Westminster, CO, February 27, 2008

— Allos Therapeutics, Inc. (Nasdaq: ALTH) today reported results for its fiscal year ended December 31, 2007 and outlined its key objectives for 2008.  For the year ended December 31, 2007, the Company reported a net loss of $39.4 million, or $0.60 per share, compared to a net loss of $30.2 million, or $0.55 per share, for 2006. For the year, net cash used in operating activities was $30.8 million.  Cash, cash equivalents and investments in marketable securities as of December 31, 2007 totaled $57.8 million.

 

“During 2007, we executed our strategic plan resulting in significant advancements in the development of PDX in hematologic malignancies and solid tumors,” said Paul L. Berns, President and Chief Executive Officer.  “We also strengthened the Company’s leadership team through the addition of experienced industry veterans to our senior management and Board of Directors. For 2008, we are focused on driving our PDX product development and commercialization plan, including the completion of PROPEL, our FDA SPA-approved pivotal Phase 2 study of PDX in patients with relapsed or refractory peripheral T-cell lymphoma, and planning for the potential commercialization of PDX.”

 

2007 and Recent Corporate Highlights

 

PDX (pralatrexate)

 

·                  Completed pre-specified interim analyses of patient safety and response data from PROPEL.

 

·                  Results of the interim analyses of patient safety data for the first 10, 35 and 65 evaluable patients supported continuation of the trial per the protocol in accordance with the recommendations of an independent data monitoring committee (DMC).

 

·                  Results of the interim analysis of patient response data exceeded the pre-specified threshold for continuation of the trial, which required a minimum of four responses (complete or partial) out of the first 35 evaluable patients, as determined by independent oncology review.

 

·                  Received orphan medicinal product designation for the treatment of patients with PTCL from the Commission of the European Communities.

 

·                  Favorable opinion from the Committee for Orphan Medicinal Products of the European Medicines Agency (EMEA).

 


The following information was filed by Allos Therapeutics Inc (ALTH) on Wednesday, February 27, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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