Allarity Therapeutics, Inc. (ALLR) Bundle
A Brief History of Allarity Therapeutics, Inc. (ALLR)
Foundation and Early Years
Allarity Therapeutics, Inc. was founded in 2018 and is headquartered in Boston, Massachusetts. The company focuses on developing personalized cancer therapies by leveraging its proprietary drug response prediction platform known as the DRP® platform.
Public Offering and Financials
In April 2021, Allarity Therapeutics went public through a merger with a special purpose acquisition company (SPAC), 403(b) Acquisition Corp.. The transaction was valued at approximately $62 million, allowing the company to enhance its research and development capabilities.
Clinical Trials and Drug Pipeline
As of 2023, Allarity Therapeutics has several drug candidates in its pipeline, including:
- DLBCL-09 – a drug targeting Diffuse Large B-Cell Lymphoma.
- APX-005M – used for treatment in patients with various types of cancer.
- DRP®-guided therapies – applying personalized treatment approaches.
Financial Performance
In the fiscal year 2022, Allarity Therapeutics reported revenues of $1.2 million, mainly from collaborative agreements. The company's net loss for the same year was approximately $23 million.
Market Positioning
As of October 2023, Allarity Therapeutics has a market capitalization of around $50 million. The company's stock, traded under the ticker symbol ALLR, has seen fluctuations, with a reported price range between $0.30 and $1.20 over the past year.
Research Collaborations
Allarity Therapeutics has formed partnerships with numerous research institutions to advance its drug development initiatives. Notable collaborations include:
- Collaboration with Memorial Sloan Kettering Cancer Center for clinical studies.
- Joint research initiatives with institutions in Europe focusing on cancer therapeutics.
Table of Key Metrics
| Year | Revenue (in millions USD) | Net Loss (in millions USD) | Market Cap (in millions USD) | Stock Price Range (12-month) |
|---|---|---|---|---|
| 2021 | 0.5 | 12.0 | 62.0 | $0.40 - $2.00 |
| 2022 | 1.2 | 23.0 | 50.0 | $0.30 - $1.20 |
| 2023 | Estimated 1.5 | Estimated 20.0 | Estimated 50.0 | Varied |
Future Outlook
Looking ahead, Allarity Therapeutics aims to advance its clinical trials and expand its drug portfolio. The company is focusing on increasing its presence in international markets, enhancing collaborations, and seeking new investment opportunities.
Regulatory Developments
Allarity Therapeutics has made significant strides in navigating regulatory pathways. The company submitted Investigational New Drug (IND) applications to the FDA for multiple candidates, with ongoing discussions regarding accelerated approval pathways.
Conclusion
Allarity Therapeutics, Inc. continues to evolve within the biopharmaceutical landscape, seeking innovative solutions to address unmet medical needs in cancer therapy through its research and development efforts.
A Who Owns Allarity Therapeutics, Inc. (ALLR)
Overview of Ownership Structure
The ownership of Allarity Therapeutics, Inc. (ALLR) reflects a diverse mix of institutional and retail investors. As of the latest reports in 2023, the following key stakeholders are involved:
| Owner Type | Percentage Ownership | Number of Shares | Value ($) |
|---|---|---|---|
| Institutional Investors | 45% | 4,500,000 | 6,750,000 |
| Insiders | 12% | 1,200,000 | 1,800,000 |
| Retail Investors | 43% | 4,300,000 | 6,450,000 |
Major Institutional Shareholders
Significant institutional shareholders play a vital role in the capital structure of Allarity Therapeutics. Notable firms include:
| Institution Name | Ownership (%) | Shares Held | Value ($) |
|---|---|---|---|
| Fidelity Investments | 10% | 1,000,000 | 1,500,000 |
| BlackRock, Inc. | 8% | 800,000 | 1,200,000 |
| Vanguard Group | 6% | 600,000 | 900,000 |
| Wellington Management | 5% | 500,000 | 750,000 |
Insider Ownership
Insider ownership is a crucial component, affecting corporate governance and strategic decisions. The following individuals represent the insider stake:
| Name | Position | Shares Owned | Value ($) |
|---|---|---|---|
| Dr. James McCullough | CEO | 600,000 | 900,000 |
| Ms. Laura Castor | CFO | 400,000 | 600,000 |
| Dr. Peter D. Pogue | CSO | 200,000 | 300,000 |
Market Performance and Investor Dynamics
As of October 2023, the stock performance of Allarity Therapeutics shows fluctuations based on market activities:
- Current Stock Price: $1.50
- Market Capitalization: $30 million
- 52-Week Range: $1.00 - $3.00
- Average Trading Volume: 250,000 shares
Recent Developments Influencing Ownership
Recent transactions and news that could impact ownership dynamics include:
- Approval of new drug trials in Q3 2023.
- Increased interest from hedge funds, resulting in a 5% rise in institutional ownership.
- Public offerings that diluted existing shares by 10% in the last 12 months.
Allarity Therapeutics, Inc. (ALLR) Mission Statement
Core Mission
The mission of Allarity Therapeutics, Inc. is to develop novel cancer therapeutics that improve patient outcomes through the use of innovative drug delivery systems and personalized medicine approaches. The company focuses on identifying and developing treatments that target specific molecular profiles of tumors.
Strategic Goals
- Advance the clinical development of targeted cancer therapies.
- Expedite the commercialization of novel therapeutics.
- Enhance patient access to personalized medicine.
- Foster strategic partnerships to expand research and development capabilities.
Financial Overview
As of October 2023, Allarity Therapeutics has reported the following financial metrics:
| Financial Metric | Value (USD) |
|---|---|
| Market Capitalization | $30.5 million |
| Total Revenue (2022) | $1.2 million |
| Net Loss (2022) | ($10.5 million) |
| Cash and Cash Equivalents (as of Q3 2023) | $5.7 million |
| R&D Expense (2022) | $8.1 million |
Investment in Research and Development
Allarity Therapeutics is committed to investing significantly in research and development, with a current focus on:
- Clinical trials for DRP® (Drug Response Predictor) technology.
- Establishment of predictive biomarkers for treatment efficacy.
- Enhancing drug development pipelines targeting oncological indications.
Partnerships and Collaborations
The company actively seeks collaborations with academic institutions and pharmaceutical companies to further its mission. Recent partnerships include:
| Partner | Focus Area |
|---|---|
| University of Southern California | Oncological Research |
| GSK | Combination Therapies |
| National Cancer Institute | Clinical Trials |
Future Outlook
Looking ahead, Allarity Therapeutics is poised to leverage its capabilities to deliver impactful cancer therapies, with strategic milestones planned for the next fiscal year, including:
- Completion of Phase II trials for key drug candidates.
- Preparation for potential FDA submissions.
- Expansion of the drug pipeline to include additional therapeutic targets.
How Allarity Therapeutics, Inc. (ALLR) Works
Company Overview
Allarity Therapeutics, Inc. (ALLR) is a biotech company focused on developing innovative cancer therapeutics. The company employs a unique approach to enhance the effectiveness of cancer treatments by utilizing its proprietary drug screening technology, which aims to identify patients who are most likely to benefit from specific therapies.
Business Model
Allarity operates on a model centered around the following key components:
- Development of targeted therapies.
- Utilization of companion diagnostics to match patients with appropriate treatments.
- Strategic partnerships with pharmaceutical companies for drug development and commercialization.
- Advancements in personalized medicine through molecular profiling.
Pipeline Overview
As of October 2023, Allarity Therapeutics has several compounds in its pipeline, including:
| Drug Candidate | Indication | Stage of Development | Expected Milestones |
|---|---|---|---|
| ALL-MLT-249 | Solid Tumors | Phase 2 | Q1 2024: Interim Results |
| ALL-MLT-020 | Ovarian Cancer | Phase 1 | Q2 2024: Data Readout |
| ALL-MLT-100 | Breast Cancer | Preclinical | Q4 2024: IND Filing |
Financial Performance
Allarity Therapeutics has reported the following financial metrics for the fiscal year ended 2022:
| Metric | Amount (USD) |
|---|---|
| Revenue | 2.5 million |
| Net Loss | (8.7 million) |
| Total Assets | 15.3 million |
| Total Liabilities | 6.1 million |
Recent Developments
In 2023, Allarity secured a significant licensing agreement with a multinational pharmaceutical company, valued at approximately $15 million, to develop a promising oncology drug. This agreement is expected to facilitate further clinical trials and expedite the path to market for Allarity's drug candidates.
Stock Performance
As of October 2023, Allarity Therapeutics (ALLR) has experienced the following stock price movements:
| Date | Stock Price (USD) | Market Capitalization (USD) |
|---|---|---|
| January 2023 | 1.25 | 45 million |
| April 2023 | 1.75 | 63 million |
| October 2023 | 2.10 | 75 million |
Strategic Collaborations
Allarity has formed strategic collaborations with several academic institutions and research organizations to enhance its drug discovery efforts:
- Collaborated with the University of Copenhagen for research on novel cancer biomarkers.
- Partnership with MIT for insights on drug delivery systems.
- Joint venture with leading pharmaceutical companies to combine resources for clinical trials.
Regulatory Status
Allarity Therapeutics has received orphan drug designation from the FDA for its leading drug candidate targeting rare cancers, allowing for a faster regulatory pathway and potential market exclusivity.
How Allarity Therapeutics, Inc. (ALLR) Makes Money
Revenue Model
Allarity Therapeutics, Inc. (ALLR) generates revenue through a combination of strategic collaborations, licensing agreements, and the development of its proprietary drug candidates. The company's focus on personalized cancer therapies allows it to tap into the growing oncology market, which was valued at approximately $157 billion in 2020 and is projected to reach $246 billion by 2026.
Drug Development Pipeline
Allarity's drug pipeline includes several promising candidates:
- DRP-EL-01: A treatment for advanced or metastatic solid tumors.
- DRP-AL-01: Targeting ALK-positive non-small cell lung cancer.
- DRP-LE-01: Designed for endometrial cancer.
The success of these candidates in clinical trials could lead to lucrative partnerships with larger pharmaceutical companies.
Financial Highlights
| Year | Total Revenue ($ USD) | Net Income ($ USD) | Operating Expenses ($ USD) |
|---|---|---|---|
| 2020 | $1.2 million | -$8.5 million | $9.7 million |
| 2021 | $2.5 million | -$10.3 million | $12.8 million |
| 2022 | $4.1 million | -$15.0 million | $19.1 million |
| 2023* | $6.0 million | -$14.0 million | $19.5 million |
Collaborative Agreements
Allarity enters into collaborations with other biotech firms and institutions to enhance its research capabilities. Notable partnerships include:
- Collaboration with the National Cancer Institute (NCI) to optimize its drug development process.
- Strategic alliance with large pharmaceutical companies for drug commercialization.
These alliances not only provide funding but also valuable resources such as clinical expertise and market access.
Intellectual Property Portfolio
Allarity holds a robust portfolio of intellectual property consisting of numerous patents related to its drug candidates. As of 2023, the company owns 20 patents, giving it a competitive edge in the oncology market.
Market Trends and Opportunities
The oncology market's growth is fueled by:
- Increased prevalence of cancer worldwide.
- Advancements in personalized medicine and targeted therapies.
- Growing investment in R&D from both public and private sectors.
Allarity's focus on innovative treatments positions it well to capitalize on these trends.
Stock Performance
As of October 2023, the stock price of Allarity Therapeutics, Inc. (ALLR) is approximately $2.75. The company has a market capitalization of about $50 million. Historical stock performance shows:
| Year | Stock Price ($ USD) | Market Cap ($ USD) |
|---|---|---|
| 2020 | $1.00 | $20 million |
| 2021 | $2.00 | $40 million |
| 2022 | $1.50 | $30 million |
| 2023 | $2.75 | $50 million |
Future Projections
Market analysts project a compound annual growth rate (CAGR) for the global oncology therapeutics market of approximately 10% from 2023 to 2030. This growth potential suggests significant revenue opportunities for Allarity, provided its drug candidates succeed in clinical trials and regulatory approvals.
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