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Stock impact report

Allogene Therapeutics: 2024 Platform Vision Sings Mid-Term Upside [Seeking Alpha]

Allogene Therapeutics, Inc. (ALLO) 
Last allogene therapeutics, inc. earnings: 2/27 04:30 am Check Earnings Report
Company Research Source: Seeking Alpha
The new ALPHA3 clinical trial for Allogene's Cema-Cel cancer treatment is set to begin in mid-2024, and if successful, investors could see significant returns on their investment. The company's Q42023 report evidenced its financial distress. However, the 2024 platform vision, in my opinion, will have a positive impact on its profitability in the midterm. Given the lack of short-term revenue catalysts, with clinical trials expected to yield results by the end of 2024, investors will be required to be patient, while experiencing high volatility and potential share dilutions this year. Based on their latest FY2023 report , I believe the changes announced by Allogene Therapeutics, Inc. ( NASDAQ: ALLO ), within their new 2024 platform vision , will have a positive impact on the company's midterm profitability. However, I think investors will be required to exercise some patience during 2024. If the clinical trials -due to start by mid-2024- demonstrate the advantage of AlloCAR-T as Show less Read more
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