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0.0303555941023417 0.0841283607979184 -0.0234171725932352 0.0104076322636599 0 -0.0026019080659151 -0.0026019080659151 0.0104076322636599
Stock impact report

Allogene slips as Servier exits partnership for CD19 products [Seeking Alpha]

Allogene Therapeutics, Inc. (ALLO) 
Last allogene therapeutics, inc. earnings: 2/27 04:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Allogene slips as Servier exits partnership for CD19 productsSep. 21, 2022 2:13 PM ETAllogene Therapeutics, Inc. (ALLO)CMVLFCLLSBy:Dulan LokuwithanaSA News EditorADraganThe shares of clinical-stage immuno-oncology company Allogene Therapeutics, Inc. (NASDAQ:Sep. 19 notice allows ALLOto exercise an option to license CD19 products outside the U.S. within a limited timeframe and does not impact the U.S. license for the candidates, the company said in a regulatory filing.If ALLO opts to exercise the option, the company will not be able to recover 40% of development costs related to CD19 products from Servier.However, in the event of a failure to exercise the option, ALLO will rely on Servier to meet the obligations under the collaboration agreement.Servierâ??s discontinuation and subsequent actions may further impact the relationship between the company and French biotech Cellectis S.A. (OTCPK:CMVLFrights that CLLS has challenged.The CD19 candidates in question include ALLO-501 and ALLO-5 Show less Read more
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