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Allarity Therapeutics Provides Third Quarter 2025 Financial Results and Provides Business Updates
Globenewswire· 2025-11-14 14:00
Core Insights - Allarity Therapeutics achieved FDA Fast Track designation for stenoparib in advanced ovarian cancer, highlighting the drug's potential in addressing significant unmet medical needs [2][3] - New clinical data indicates that the median overall survival for patients in the Phase 2 trial has exceeded 25 months, marking a significant milestone in treatment outcomes for this patient population [2][4] - The company is advancing its Drug Response Predictor (DRP) platform through new licensing agreements, enhancing its commercial capabilities [2][7] Clinical and Drug Development Progress - The FDA granted Fast Track designation to stenoparib for advanced ovarian cancer in August 2025, facilitating more frequent interactions with the FDA and potential eligibility for accelerated review pathways [3] - Landmark survival data presented in September 2025 shows that the median overall survival for patients receiving stenoparib has not yet been reached and now exceeds 25 months [4] - Enrollment is ongoing in a new Phase 2 trial for recurrent, platinum-resistant or platinum-ineligible advanced ovarian cancer, with critical data expected by the end of 2026 [5] Research Collaborations - Collaboration with the Indiana Biosciences Research Institute (IBRI) is progressing, focusing on understanding the contributions of PARP inhibition and WNT pathway modulation to stenoparib's anticancer activity [6] Corporate and Strategic Developments - A new commercial agreement was signed with an EU-based biotechnology company, providing a non-exclusive global license to selected breast cancer DRP algorithms [7] - CEO Thomas Jensen presented at a scientific forum, emphasizing the role of the stenoparib DRP companion diagnostic in optimizing patient selection for precision oncology [8] Financial Position - As of September 30, 2025, Allarity reported a cash position of $16.9 million, a decrease of $0.9 million from June 30, 2025, maintaining a financial runway through December 2026 [12] - Research and development expenses for Q3 2025 were $1.2 million, compared to $1.0 million in Q3 2024 [12] - General and administrative expenses decreased to $1.3 million in Q3 2025 from $1.6 million in Q3 2024, while the net loss attributable to common stockholders was $2.8 million, significantly reduced from $12.2 million in the same quarter of 2024 [13]