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Stock impact report

Allogene (ALLO) Inks Deal With Arbor Bio for CRISPR Technology [Yahoo! Finance]

Allogene Therapeutics, Inc. (ALLO) 
Last allogene therapeutics, inc. earnings: 2/27 04:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Allogene intends to utilize Arbor's CRISPR technology with its own proprietary platform to develop next-generation allogeneic CAR T (AlloCAR T) therapies targeting autoimmune diseases (AID). However, neither of the companies disclosed any specific financial terms or considerations pertaining to the above transaction. Management intends to start a clinical study on its first AlloCAR T therapy in AID indication in early 2025. This is in line with the company's previous announcement of starting an early-stage clinical study on a new candidate ALLO-329 in lupus/systemic lupus erythematosus indication next year. Shares of Allogene have jumped 52.7% in the year-to-date period compared with the industry's 1.1% growth. Image Source: Zacks Investment Research Earlier at the onset of this year, management made major changes to its pipeline when it announced its business plans for 2024 and beyond. As part of its business update, ALLO announced that it is deprioritizing two pivotal m Show less Read more
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