Allogene Q3 2020 Earnings Report
Key Takeaways
Allogene Therapeutics reported its third quarter financial results, highlighting the advancement of its AlloCAR T pipeline and upcoming data presentations. The company ended the quarter with $1.0 billion in cash, cash equivalents, and investments.
Enrollment is ongoing in Phase 1 trials of ALLO-501 (ALPHA), ALLO-501A (ALPHA2) and ALLO-715 (UNIVERSAL).
Initial Phase 1 results from the UNIVERSAL Trial in Relapsed/Refractory Multiple Myeloma will be presented at a medical meeting in Q4 2020.
Initial ALLO-501A data and updated ALLO-501 results in Non-Hodgkin Lymphoma are planned in 1H 2021, in preparation for a potential pivotal study initiation of ALLO-501A in 2021.
The company ended the third quarter with $1.0 billion in cash, cash equivalents and investments.
Allogene
Allogene
Forward Guidance
Allogene expects full year GAAP net losses to be between $260 million and $280 million including estimated non-cash stock-based compensation expense of $70 million to $75 million and excluding any impact from potential business development activities.