Allakos Provides Business Update and Reports Second Quarter 2023 Financial Results
Allakos Inc. (ALLK)
Last allakos inc. earnings: 11/12 04:01 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
SAN CARLOS, Calif., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Allakos Inc. (the “Company”) (Nasdaq: ALLK), a biotechnology company developing antibodies for the treatment of allergic, inflammatory and proliferative diseases, today provided a business update and reported financial results for the second quarter ended June 30, 2023. Recent Allakos Events Presented preclinical data at the European Academy of Allergy and Clinical Immunology (“EAACI”) Hybrid Congress 2023 highlighting lirentelimab and AK006 mechanisms of action and inhibitory activity on IgE and non-IgE activated mast cells. Key findings of the presentation included: AK006 inhibits IgE mediated mast cell activation and shows similar IgE inhibitory activity as remibrutinib.Siglec-6 interacts with mast cell proteins associated with metabolism and signaling that are not seen with Siglec-8.AK006 also inhibits non-IgE mast cell activation pathways, including KIT-mediated activation. The AK006 Investigational New Drug
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