TARPON SPRINGS, Fla., July 7, 2025 -- Allarity Therapeutics, Inc. ("Allarity" or the "Company") (NASDAQ: ALLR), a Phase 2 clinical-stage pharmaceutical company dedicated to developing stenoparib—a differentiated, dual PARP and WNT pathway inhibitor—as a personalized cancer treatment using its proprietary, drug-specific Drug Response Predictor (DRP) patient selection technology, today announced the appointment of Jeff Ervin as the Company's new Chief Financial Officer (CFO). He succeeds Alexander Epshinsky, ...

Core Viewpoint - Allarity Therapeutics has received formal acceptance of its patent application for the Drug Response Predictor (DRP) companion diagnostic specific to stenoparib from IP Australia, marking a significant step in its global strategy for intellectual property protection and commercialization of its proprietary technology [1][2][3]. Company Overview - Allarity Therapeutics, Inc. is a Phase 2 clinical-stage pharmaceutical company focused on developing stenoparib, a dual PARP and WNT pathway inhibitor, as a personalized cancer treatment using its proprietary DRP technology [1][6]. - The company is headquartered in the U.S. and has a research facility in Denmark, aiming to address significant unmet medical needs in cancer treatment [6]. Patent and Intellectual Property - The accepted patent covers 40 claims and is a crucial part of Allarity's strategy to protect its DRP platform internationally, with the patent expected to be granted within 20 working days if unopposed [2][3]. - Allarity has previously secured a European patent for the stenoparib DRP and holds 18 granted patents for drug-specific DRPs, including eight in the U.S. [3]. Drug and Technology Details - Stenoparib is an orally available small-molecule inhibitor targeting PARP1/2 and tankyrase 1/2, with potential applications in various cancer types, particularly ovarian cancer [4]. - The DRP technology is designed to select patients likely to benefit from specific drugs based on gene expression signatures, enhancing therapeutic benefit rates [5]. Future Prospects - The acceptance of the Australian patent is seen as a vital achievement in securing international IP protection while advancing stenoparib through Phase 2 trials towards U.S. regulatory approval [3].

Core Viewpoint - Allarity Therapeutics has appointed Jesper Høiland to its Board of Directors, replacing Joseph Vazzano, as the company prepares for the next phases of clinical development and potential commercialization of its cancer treatment, stenoparib [1][4]. Group 1: Leadership Changes - Jesper Høiland has been a strategic consultant for Allarity since October 2024 and brings over 30 years of experience in global pharmaceutical commercialization [2][3]. - Joseph Vazzano will resign from the Board effective June 30, 2025, after contributing to Allarity's development for two years [1][4]. Group 2: Company Overview - Allarity Therapeutics is a Phase 2 clinical-stage pharmaceutical company focused on developing stenoparib, a dual PARP and WNT pathway inhibitor, as a personalized cancer treatment [1][7]. - The company utilizes its proprietary Drug Response Predictor (DRP) technology to select patients who may benefit most from stenoparib [6][8]. Group 3: Product Information - Stenoparib is an orally available small-molecule inhibitor targeting PARP1/2 and tankyrase 1/2, with potential applications in various cancers, including ovarian cancer [5]. - Allarity holds exclusive global rights for the development and commercialization of stenoparib, which was originally developed by Eisai Co. Ltd. [5]. Group 4: Strategic Importance - The appointment of Jesper Høiland is seen as a strategic move to enhance Allarity's governance and operational focus during a critical time in the company's development [4]. - Høiland's experience in preparing for the commercialization phase of investigational drugs is expected to be valuable as Allarity advances its clinical development [4].

Core Viewpoint - Allarity Therapeutics has announced a research collaboration with the Indiana Biosciences Research Institute (IBRI) to enhance the understanding of the dual mechanism of action of its drug stenoparib, a novel cancer treatment [1][3]. Company Overview - Allarity Therapeutics, Inc. is a Phase 2 clinical-stage pharmaceutical company focused on developing stenoparib, a dual PARP and WNT pathway inhibitor, as a personalized cancer treatment [1][9]. - The company utilizes its proprietary Drug Response Predictor (DRP) technology to select patients who may benefit most from stenoparib [1][7]. Drug Mechanism and Collaboration - Stenoparib is an orally available small-molecule inhibitor that targets PARP1/2 and tankyrase1/2, impairing DNA repair and inhibiting the WNT signaling pathway, which is associated with chemoresistance in various cancers [2][6]. - The collaboration with IBRI will involve advanced studies to clarify how PARP inhibition and WNT pathway modulation contribute to stenoparib's anticancer effects [2][3]. Strategic Importance - Understanding stenoparib's dual biological effects is crucial for Allarity's long-term clinical development strategy, enhancing engagement with oncologists and biotech investors [3]. - The collaboration may also support future marketing approval efforts for stenoparib and clarify its mechanism of action in ongoing clinical trials for advanced ovarian cancer and recurrent small cell lung cancer [3][4]. Research Institute Profile - The Indiana Biosciences Research Institute (IBRI) is a leading translational research institute that focuses on solving high-impact biomedical challenges, including cancer [5].

Core Insights - Allarity Therapeutics has developed a new Drug Response Predictor (DRP) for the monoclonal antibody daratumumab, aimed at identifying multiple myeloma patients who are most likely to benefit from the treatment [1][2][3] Group 1: Drug Response Predictor Development - The daratumumab DRP was created by analyzing gene expression patterns related to sensitivity and resistance to daratumumab-induced antibody-dependent cellular cytotoxicity (ADCC), identifying 53 genes in total [2] - The DRP utilizes single-cell RNA sequencing data and clinical response information from the KYDAR trial, demonstrating its ability to predict treatment outcomes and survival in multiple myeloma patients [2] Group 2: Company Strategy and Technology - The introduction of the daratumumab DRP marks the first application of Allarity's DRP technology for an antibody therapy, expanding its portfolio beyond small-molecule drugs [3] - The company aims to position itself as a strategic partner for third parties looking to target the right patients with existing cancer therapies, enhancing its potential for future collaborations [3] Group 3: Clinical and Regulatory Context - Daratumumab is already approved by the FDA and EMA for treating multiple myeloma, marketed under the brand name Darzalex [5] - Allarity has developed DRPs for numerous anticancer drugs, including its lead program, stenoparib, which is in Phase 2 development for advanced ovarian cancer [6][11]